L1 blockchain ILITY has secured $1 million in institutional funding from Archer Capital and TBV, according to official sources. This investment will accelerate the development of ILITY's AI Agent ecosystem, which is expected to launch soon.
The funds will be used mainly to advance the emerging sector of AI Agents. The ILITY Network provides infrastructure for the AI Agent economy, offering autonomous AI Agents with verifiable on-chain identity and machine-to-machine (M2M) real-time payment settlement between Agents.
The native token $ILY serves as both gas and settlement currency in the ecosystem, which also features a reputation system based on actual on-chain fulfillment records that can be carried across services. This round marks another significant investment for ILITY, following previous support from institutions such as Animoca Brands, DuckDAO, UZ Capital, and Vega Ventures.