Kite AI is a Layer 1 blockchain developed to facilitate the construction and operation of independent AI agents, opening a new era for the combination of blockchain and artificial intelligence, promoting the automation of activities in modern digital life. Let's learn about this project with Coin68 in the article below!
What is Kite? Learn about the first AI-integrated payment blockchain
What is a kite?
Kite AI is a Layer 1 blockchain project designed to support the construction and development of AI Agent models that operate independently with functions such as identity verification, payment, governance, etc., allowing them to shop, call a car, and order online without human intervention.
What is a kite?
Kite's goal is to create a fair AI economy where everyone can participate, contribute, and benefit equally from the development of artificial intelligence.
Kite Structure
Kite Structure
Kite AI supports a three-layer architecture consisting of:
Layer 1 chain
Kite builds its own, EVM-compatible, AI-specific blockchain. This is the base layer for the entire platform's operations, ensuring speed and scalability.
Specialized subnets
In Kite's network, subnets play an important Vai as special execution environments where data providers, model developers, and AI agents can collaborate transparently and efficiently. Each subnet is designed for a specific purpose: for example, focusing on high-quality data, an AI model repository, or an agent-building ecosystem.
Application layer and development tools
Kite provides tools for developers to easily build AI assets, along with a marketplace that connects developers and users. The entire system operates on a democratized mechanism, allowing anyone to participate, collaborate, make decisions, and receive transparent rewards.
Kite Highlights
Extensible development environment
Kite AI builds scalable AI development environments, meaning it provides the infrastructure (computing resources, storage, etc.) so that AI builders can create, improve, and deploy their AI models and applications more easily and efficiently at scale.
Proof of AI Consensus Mechanism
Kite AI applies a Proof-of-Authority (PoAI) mechanism that distributes rewards fairly to participants such as data providers, model developers, and AI agents. Each contribution will be transparently recognized and rewarded according to the value created.
Customizable governance model
Each subnet on Kite can adopt custom governance models, incentive designs, and rewards and penalties, tailored to the unique needs of the community or project, ensuring optimal efficiency and fairness for members.
Kite's AI ecosystem
Kite Ecosystem
The Kite ecosystem is a collaborative network of more than 100 large and small projects in both Web2 and Web3, built to be the foundation layer for the agentic web, promoting the development of automated AI. Some prominent projects include: 0G Labs, Aethir, Allora Network, Solayer Labs, Huma Finance, Particle Network,...
Development team
Kite's development team consists of the following members:
- Chi Zhang (Co-founder & CEO) : Currently Co-founder & CEO at ZettaBlock. Formerly a product manager at Databricks and founding member of dotData, top 100 global AI Startups.
- Scott Shi (Co-founder & CTO) : Experienced in infrastructure for Agentic AI, former head of engineering at Uber and Salesforce with many patents on data systems.
Investors
Kite Investors
Kite raised a total of $33 million from investment funds such as PayPal Ventures, General Catalyst, Samsung Next, Hashed, Haskey Capital,...
Tokenomics
Token information
Token name | Kite |
Symbol | KITE |
Blockchain | Ethereum, BNB Chain |
Contract | 0x904567252d8f48555b7447c67dca23f0372e16be |
Total supply | 10,000,000,000 |
Token allocation ratio
KITE Token Allocation Ratio
KITE Token are distributed in the following proportions:
- Ecosystem and Community: 48%.
- Development team, advisors and early contributors: 20%.
- Module, infrastructure: 20%.
- Investors: 12%.
Token Use Case
KITE Token are used to:
- Encourage the development and use of ecosystems.
- Staking to secure the network and get rewards.
- Pay for AI services.
- Network administration.
Summary
Above is all the information about the Kite project, Coin68 hopes that readers will grasp the basic information to better understand the project and how it works. Hope you have more useful knowledge!
Note: The information in the article is not XEM investment advice, Coin68 is not responsible for any of your decisions.
