Olas, the 2021 founded Crypto*AI project and a pioneer in creating AI agents enabling automation in the crypto world, made a significant announcement on Tuesday. After receiving $13.5 million in funding organised by 1kxnetwork, it made the World’s first AI agent app store, Pearl, live as a desktop application.
The funding received was followed up by the launch of $1 million in Grants for Agent developers under the initiative of Olas Accelerator.
The $13.5 million funding saw funds coming in from various global Venture Capital funds such as Tioga Capital, Borderless, ARKN Ventures, Generatives Ventures, Metropolis, Keyrock, Smape, Sigil Fund, Zee Prime Capital, Very Early, Perridon Ventures, Spaceship. The core contributor Olas’ fundraisers also included selected angel investors – Leo Mindyuk, Co-founder of ML Tech and Nicolas Gallet, CEO of Gallet Capital,
The fundraise is set to be used for accelerating the scaling of Olas’ agent app store – Pearl. It will also be used to enhance the development of decentralized AI agents and their integration in the crypto world – making crypto actions more faster and automated.
Types of AI agents offered in Pearl
The customizable decentralised AI agents available on Pearl aim to provide users the complete decentralised ownership of their own AI agents, suited to their specific needs.
By staking OLAS tokens, the AI agents enable automatic working for specific tasks set out by the developers. The work that can be automated by the AI agents include DeFi trading, analysing data to make informed predictions in prediction markets, say Polygon and Kaishi, or can also be used to manage and automate social media handles. The open source framework of Ola stack is used by the developers for the creation, deployment and management of autonomous AI agents.
Currently, the AI agents that can be set up at Olas include:
- Prediction agents to forecast outcomes and place bets in prediction markets.
- Modius agents to invest crypto assets on users’ behalf on Mode chain.
- Agents.fun agent – Celo for creation of AI influencers on Celo chain that can post and perform tasks on X.
- Optimus agents to streamline the DeFi experience by managing users’ assets on SuperChain.
Olas Accelerator: Grants for the development of new AI agents
By using Proof-of-Active-Agent (PoAA) – a combination of Proof of Work (PoW) nd Proof of Stake (PoS) mechanisms – Olas has facilitated over 3 million agent transactions to date, with growth rate of 30%+ MoM. The Ethereum co-founder, Vitalik Buterin, has also backed the AI agents, arguing that such agents would be ‘ubiquitous’ in prediction markets. Moreover, the rewards mechnaism introduced by Olas last year, in the form of OLAS token, for useful agent activity is also incentivising the development of AI agents.
David Minarsch, CEO of Olas said, “Pearl’s agent app store represents a significant step forward in democratizing access to AI agents. By giving everyone AI agents they can not only use, but fully own and customize, we’re turning the status quo on its head. At a time when advances in AI can seem increasingly daunting, Olas is uniquely giving control of AI back to the user.”
And now, the 10 seats that are available under the Olas Accelerator initiative – to fund 10 teams rewards worth $100K for developing AI agents for Pearl – is set to accelerate the creativity of Agent Developers by coming up of innovation and new agents. In the time when AI seems to be becoming monopolist, centralised and dominating in nature, AI agents offered by the OLAS can possibly make best efforts in giving the ownership and benefits of AI in user’s hands.
Three MASSIVE AI Agent Announcements LIVE NOW
Pearl—The 1st “Agent App Store”
Olas Accelerator—$1 million in grants for devs
$13.8 Million raise led by @1kxnetworkIt’s all happening NOW—read on pic.twitter.com/ezn84rK7vN
— Olas (aka Autonolas) (@autonolas) February 4, 2025
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