PANews reported on October 27th that Kite AI, an AI-powered public blockchain for payments, announced a strategic investment from Coinbase Ventures. According to official information, this funding follows Kite's recent $33 million funding round, led by PayPal Ventures and General Catalyst. The new funds will support the development of its autonomous AI-powered payment infrastructure and accelerate the mass adoption of the x402 protocol through collaboration with Coinbase.

Kite was designed from the outset to natively integrate Coinbase's x402 agent payment standard. As one of the first Layer 1 blockchains to fully implement x402-compatible payment primitives, Kite enables AI agents to directly initiate, receive, and reconcile payments through standardized intent authorization, establishing Kite as the native execution and settlement layer for the x402 protocol and the emerging agent economy.