The agentic economy will be massive

The idea of software agents that transact autonomously is being reduced to its most memetic form: chatbots that book restaurants and hail rideshares. That framing undersells the actual opportunity by two orders of magnitude.

Agents at scale will need three things they cannot get from the traditional stack: identity that survives across services, payments that work in sub-second windows without a chargeback risk, and permission surfaces that can be revoked and negotiated in software. Every one of these is a crypto primitive.

This is why the AI × crypto convergence is not a narrative that will fade with the next model release. It is the plumbing that makes the agent economy actually settle.

We back the specific businesses that own one of the three primitives above at scale. That means agent-native wallets, verifiable inference networks, and reputation graphs that survive across agent frameworks. Not general-purpose L1s tacking on an AI narrative.