PANews reported on March 31 that, according to official sources, Capx AI, an Ethereum Layer 2 network for AI agents, has completed a seed round financing of $3.14 million. Manifold and Luganodes jointly led the investment, with follow-on investments from Echo, P2 Ventures (Polygon Ventures), Gate Labs, Stix, MH Ventures, Blue7, Cogitent Ventures, Autonomy Capital, Next Web Capital, Blockarm Capital, Mythos Venture Partners (MVP), Arcanum Capital, and other institutions. Personal investors include well-known industry figures such as Sandeep Nailwal, Richard Ma, and Amrit Kumar.

According to the introduction, Capx AI is an Ethereum Layer 2 network aimed at enabling users to build, monetize, and trade AI agents. It provides a comprehensive ecosystem consisting of Capx Chain, Capx Super App, and Capx Cloud to facilitate the creation, deployment, and exchange of AI-driven applications.