Two veterans supported to the company of the Crypto, textile and 3BOX laboratories’ data storage, Ceramic manufacturer, merged into a stock agreement, learned Coindesk.
Companies will exploit the textile brand and keep their staff and their ranges of data infrastructure products. The CEO of textiles Andrew Hill will direct the merged organization.
The self-proclaimed “friendly competitors”, the textile funds and 3BOX have collected funds from the same VC companies and offered overlapping products, said the co-founder of 3box Labs Michael Sena. Between them, companies have raised at least $ 42 million since 2019.
“We have come to the conclusion that the future we build is identical,” he said in an interview.
This future is where people, companies and, in particular, AI agents are based on blockchain rails without authorization for storage, access and verification of data. Cheap and accessible data storage is a common technological pain point that certain supporters of the crypto say that tokenized savings can improve.
The precipitated ascent of the AI ​​highlights the even larger sub-sector, because the textiles sees it. Agents – robots fueled by artificial intelligence that can make decisions and take measures looking for an objective – are one of the great gear of cryptography, with trading potential and more.
However, all of these agents will need data to feed their decisions. This is where the newly joined textiles sees its opening. It will strengthen what a press release called “the intelligence layer for the multi-agent economy”.
“It is quite clear that our expertise Sweet Spot – how to move, store, share verifiable data on cryptographic rails – becomes very relevant to agent manufacturers,” said Hill.
He said blockchains offer a natural platform to the agents to operate: they speak the “French lingua” of this world focused on technology. The textiles builds a blockchain network at the top that agents can interact, access the data and even sell the alpha between them.
Of course, AI spirits of the cryptographic industry have not yet understood what the agents are best suited to do. Many manufacturers try a lot of different things. The momentum is high, however, said Hill, and progress arrives quickly.
