[AI Payment Public Chain Kite AI Secures Strategic Investment from Coinbase Ventures, Collaborates to Promote Large-Scale Adoption of x402 Intelligent Agent Payments] BlockBeats News, October 27, AI payment public chain project Kite AI announced that it has secured strategic investment from Coinbase Ventures. According to official information, this round of funding is an extension of the $33 million financing recently led by PayPal Ventures and General Catalyst. The new funds will be used to support the development of its autonomous AI intelligent agent payment infrastructure and to collaborate with Coinbase in building and accelerating the large-scale adoption of the x402 protocol. It is reported that Kite has achieved native integration of Coinbase's x402 intelligent agent payment standard since its initial design. As one of the first Layer 1 blockchains to fully implement x402-compatible payment primitives, Kite enables AI intelligent agents to directly initiate, receive, and reconcile payments through standardized intent authorization. This establishes Kite as the native execution and settlement layer for the x402 protocol and the emerging intelligent agent economy.