Two veterans backed by the company of the data storage of Crypto, textiles and 3box Labs, the ceramic builder, have merged into an agreement of the entire stock, according to COINDESK.
Companies will operate under the textile brand and retain their staff and product lines focused on data infrastructure. The textile CEO, Andrew Hill, will lead the merged organization.
The “friendly competitors” Self -written, Textile and 3box Labs raised funds from the same risk capital companies and offered overlapping products, said 3box Labs co -founder Michael Sena. Among them, companies have raised at least $ 42 million since 2019.
“We conclude that the future we are building is identical,” he said in an interview.
That future is one in which people, companies and, especially AI agents rely on blockchain rails without permission for data storage, access and verification. Cheap and accessible data storage is a common technological pain point that some cryptography defenders say that tokenized economies can improve.
The precipitate of AI is to pay even greater attention in the subsector, as Textile sees. Agents, artificial bots with intelligence that can make decisions and make measures in search of an objective, are one of Crypto’s great and great love, with trade potential and more.
However, all these agents will need data to feed their decisions. That’s where newly united textile sees its opening. It will build what a press release called “the intelligence layer for the economy of multiple agents.”
“It is quite clear that our optimal point of specialization, how to move, store, share verifiable data on cryptographic, is becoming very relevant to agents builders,” said Hill.
He said that Blockchains offers a natural platform for agents to operate: they speak the “frank lingua” of this world driven by technology. Textile is building a blockchain network at the top of which agents can interact, access data and even sell alpha among them.
Of course, the minds of the cryptocurrency industry have not yet discovered which agents are more appropriate to do. Many builders are testing many different things. However, the impulse is high, Hill said, and progress is coming quickly.
