PANews reported on October 24 that according to The Block, Coinbase Ventures and a16z Crypto Startup Accelerator (CSX) announced the injection of new strategic funds into Skyfire, a payment company focused on artificial intelligence. The new investment increased Skyfire's total seed round funding from the previous $8.5 million to $9.5 million.

According to reports, Skyfire is building infrastructure that allows AI agents to make payments autonomously and avoid human intermediaries. Skyfire provides AI agents with a unique digital wallet where users can pre-load stablecoins USDC or traditional bank currencies. AI agents are programs driven by artificial intelligence that can perform tasks or answer questions.