$13.8M Funding Propels Olas to Launch The First Ai Agent App Store
The investment comes as Olas unveils Pearl, as the world's first "agent app store," democratizing access to user-owned AI agents.
Olas, the original AI agent platform that has been enabling autonomous agents in crypto since 2021, today announced that its core contributor has secured $13.8 million in funding led by 1kx.
The investment comes as Olas unveils Pearl, as the world’s first “agent app store,” democratizing access to user-owned AI agents.
The funding round attracted prominent investors including Tioga Capital, Sigil Fund, Zee Prime Capital, Spaceship DAO, Metropolis DAO, very early Ventures, Borderless, ARKN Ventures, Generative Ventures, Keyrock, Perridon Ventures, and SMAPE Capital. Notable angel investors include ML Tech co-founder, Leonid Mindyuk, amongst many others.
Demonstrating remarkable traction, Olas agents currently process over 700,000 transactions monthly, growing at a rate of 30% month-over-month. The platform has facilitated more than 3.5 million transactions across nine blockchains, with over 2 million between Olas agents themselves. These agent-to-agent transactions stem from diverse use cases including DeFAI through Modius, social influencer agents through (Agents.Fun), and prediction markets via Olas Predict—the latter of which was showcased to Ethereum founder Vitalik Buterin, who predicted such agents would become ‘ubiquitous’ in prediction markets.
Pearl, the first “agent app store,” is a simple desktop application that lets anyone actually own their AI agents. Like a traditional app store, users can easily choose and launch AI agents for different use cases—whether it’s autonomous social media accounts or trading in DeFi. Uniquely, Pearl allows users to fully own their agents and control their actions on-chain, whereas other projects’ agents are hosted on web2-style platforms and therefore not user-owned. Pearl puts the power of AI agents directly in users’ hands, making achieving complex goals as simple as downloading an app.
“Pearl’s agent app store represents a significant step forward in democratizing access to AI agents,” said David Minarsch, CEO of its core contributor. “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.”
Alongside the funding announcement, Olas is launching the Olas Accelerator program, offering up to $1 million in grants, plus OLAS token rewards, to developers building high-quality agents on the platform. Individual builder teams can receive up to $100,000, plus OLAS tokens, for creating innovative agents available through Pearl. This is the latest initiative to attract high-quality developers to Olas and cement it as the home of crypto-native AI agents.
Olas’s rapid growth comes from its innovative technology that makes AI agents both powerful and user-owned. At its core, the Olas Stack helps developers build agents, while the Olas Protocol incentivizes their creation and co-ownership.
The recently launched Olas Staking, featuring the innovative Proof of Active Agent mechanism, rewards users when their agents perform useful tasks, encouraging more people to join the network. Through its significant activity across multiple blockchains and supporting many novel uses since 2021, Olas has established itself as the leader in autonomous agent technology in crypto.
“AI Agents are central to our DeFi mass adoption strategy,” said James Ross, CEO of Mode. “We’re excited to be building on the leading AI agent network, with Olas Modius launching on the platform.”
Olas
Olas is the platform for co-owning AI. Olas enables everyone to own a share of AI, specifically autonomous agents. One of the first Crypto x AI projects, founded in 2021, Olas offers the composable Olas Stack for developing autonomous AI agents, and the Olas Protocol for incentivizing their creation and co-ownership.
Olas’ mission is to incentivize and coordinate different parties to launch autonomous agents that form entire AI economies serving all humans. Olas is giving rise to agent economies across major blockchains. In Olas Predict, AI agents predict the future, using state-of-the-art AI models, then apply their predictions to on-chain markets. See the live statistics and try Pearl at olas.network.
