A blockchain protocol centered around artificial intelligence has announced a successful raise of $20 million to support the advancement of its Agentic Workflow Protocol (AWP). This initiative is designed to accelerate the creation of decentralized finance (DeFi) applications while eliminating the necessity for developers to write smart contracts.
The Series A funding round was spearheaded by the crypto division of prominent venture capital firm Andreessen Horowitz.
“We strive to lead the software revolution within blockchain, allowing developers to create applications in mere hours instead of over years,” said a representative in an email announcement. “With our platform, you’ll never have to write a smart contract again.”
This no-code blockchain automation from the company may significantly enhance the adoption of blockchain technology, transitioning development from traditional smart contracts to AI-powered workflows, thereby making blockchain technology more user-friendly, scalable, and efficient.
The latest funding follows a successful seed round of $6 million in 2022, also led by the crypto arm of Andreessen Horowitz, and included investments from the Avalanche Blizzard Fund, Credibly Neutral, and Alt Layer.
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