Two venture-backed veterans from Crypto’s data storage sub-rector, textile and 3box laboratories, the developer of pottery, are merged in an all-Stock agreement, Coindesk has learned.
Companies will operate under Textile’s brand and keep their staff and data infrastructure -focused product lines. Textile CEO Andrew Hill leads the merged organization.
Self-described “friendly competitors”, textile and 3box laboratories collected funds from the same VC companies and offered overlapping products, said 3box Labs co-founder Michael Sena. Between them, companies have collected at least $ 42 million since 2019.
“We came to the conclusion that the future we are building is an identical,” he said in an interview.
This future is one where people, companies and especially AI agents lean on permission -free blockchain rails for data storage, access and verification. Cheap and accessible data storage is a common technical pain point that some advocates of crypto say that tokenized economies can improve.
AIS precipitated climb puts an even greater light on the bottom as textile sees it. Agents-artic intelligence-driven bots that can make decisions and take actions in the pursuit of a goal-is one of Crypto’s great new crushes, with the potential of trade and more.
However, all these agents need data to feed their decisions. This is where the newly joined textile sees the opening. It will build what a press release called the “Intelligence layer of the multi-agent economy.”
“It’s pretty clear that our sweet place for expertise – how to move, save, share verifiable crypto rails – becomes very relevant to agent builders,” Hill said.
He said that blockchains offer a natural platform for agents to operate: They speak “Lingua Franca” in this technology -driven world. Textile builds a blockchain network upstairs that agents can interact, access data and even sell alpha among themselves.
Of course, the crypto industry’s AI-Sind has not yet found out what agents are best suited to do. Many builders try many different things. However, Momentum is high, Hill said, and progress is coming quickly.
