Valory
Enables radically greater personal and economic autonomy by putting open autonomous systems into everyone’s daily activities.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $4.0m | Seed | |
| Total Funding | 000k | ||
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Valory.xyz is a startup that operates in the field of artificial intelligence (AI) and blockchain technology. The company's primary focus is on the development and deployment of Autonomous Economic Agents (AEAs), which are AI systems designed to conduct economic activities independently. These agents are designed to operate in a decentralized environment, meaning they can function without the need for a centralized authority or control.
The company's business model revolves around providing a platform for communities, organizations, and even countries to co-own these AI systems. This is achieved through the use of distributed ledger technologies (DLT), also known as blockchain technology. DLT allows for the secure and transparent recording of transactions, making it ideal for managing the ownership and operation of these AI systems.
Valory.xyz's main offering is a competition called the Trading Agent Competition (TAC). In this competition, autonomous agents with customizable strategies compete against each other in a simulated market environment. This provides a practical use case for the AEA framework and demonstrates its potential applications in real-world economic activities.
The company's clients include any entity interested in utilizing AI and blockchain technology, from small communities and organizations to large corporations and countries. The startup generates revenue through the TAC, possibly through entry fees or by offering premium features and services related to the competition.
In summary, Valory.xyz is a pioneering startup that combines AI and blockchain technology to create autonomous agents capable of conducting economic activities. It operates in a rapidly growing market and has the potential to revolutionize how we conduct economic activities in the future.
Keywords: Artificial Intelligence, Autonomous Economic Agents, Blockchain, Distributed Ledger Technology, Trading Agent Competition, Decentralized Environment, Co-ownership, Economic Activities, Peer-to-Peer Communication, Autonomous Agents.