Olas raises $13.8 million in financing, led by 1kx

According to Golden Finance, Olas, an autonomous artificial intelligence proxy platform in cryptocurrency, has raised $13.8 million to support the launch of its "proxy app store" called Pearl. This round of financing is led by 1kx, with support from institutions such as Tioga Capital, Sigil Fund, Zee Prime Capital, Borderless, and Keyrock. The Olas team, also known as Autonolas, stated that this funding will be used to support its proxy app store, aiming to democratize user owned artificial intelligence agents. The app store will allow users to directly own and control their artificial intelligence agents on the chain for various use cases, such as autonomous social media accounts or DeFi transactions.