Warden's latest funding round is quite significant: 1) While $4 million isn't a huge sum, the participation of strategic partners and ecosystem contributors indicates a focus on synergy, not just financial returns. 2) A valuation of $200 million suggests the market is already pricing the "AI agent infrastructure + application layer" narrative at a high level. 3) The focus is clear: transactions, automation, and programmable wealth management—these are the easiest areas to generate paid subscriptions and user retention. Personally, I'm more concerned with their product rollout speed and real user data. A compelling narrative is fine, but whether they can actually get the agents running will determine everything.

There's so much funding going on these days that it's obviously fake; projects with a few million in funding are actually the better ones.