Kite AI, an AI payment blockchain, receives strategic investment from Coinbase Ventures

According to Odaily Planet Daily, Kite AI, an AI payment public blockchain project, has announced a strategic investment from Coinbase Ventures. This funding follows Kite's recent $33 million funding round, led by PayPal Ventures and General Catalyst. The new capital will support the development of its own AI-powered payment infrastructure and accelerate the mass adoption of the x402 protocol in collaboration with Coinbase. Kite has reportedly achieved native integration with Coinbase's x402 agent payment standard, enabling AI agents to directly initiate, receive, and reconcile payments through standardized intent authorization.