BingX Labs invests in AgentLayer to advance the decentralized economy for autonomous AI

BingX announces that its investment arm, BingX Labs, has invested in a new AgentLayer project to build decentralized economies for autonomous AI agents. AgentLayer was launched in September on BingX’s launchpool and is currently listed on the exchange for trading activities. 

AgentLayer will leverage large language models and generative AI technology to create a linkage between autonomous agents, providing a secure and reliable network for task execution with little to no human input. 

AgentLayer receives investment from BingX Labs

Once in operation, BingX expects the technology will advance the AI industry by making AI-powered agents act as independent decision-makers. Bing X Labs suggests that technological advancements will boost human-AI interactions and enhance productivity, efficiency, and creativity.

AgentLayer supports a new agent economy powered by a token called AGENT. The token serves as the pinnacle of the agent economy and fuels vital ecosystem functions, including governance, staking, and facilitating virtual transactions.

The AgentLayer platform also gives developers access to developing tools such as AgentHub and AgentStudio that simplify the management and creation of AI agents and allow their smooth deployment. 

The platform promises to integrate on-chain smart contract technology, Python, and TypeScript SDKs to develop flexible options that continuously advance AI agents. Through AgentLayer, AI developers will generate autonomous agents as Telegram bots, further expanding to a wider range of use cases in the TON ecosystem.

The Head of BingX Labs, Vivien Lin, commented on the technology platform, stating that AgentLayer is embarking on a new frontier that links blockchain technology and artificial intelligence. The professor also highlighted that the platform has the potential to change how industries and businesses operate and how human beings and AI agents interact on a day-to-day basis.

“Their [AgentLayer] innovative approach to AI agent collaboration and the concept of an agent economy has the potential to transform how industries operate, how businesses run, and ultimately, how humans engage with AI in their daily lives. At BingX Labs, we see this as an extraordinary step toward a future where AI is both a reliable tool and a trusted partner to humanity.”

– Vivien Lin

Professor Liu Yang, co-founder of AgentLayer, also talked about the platform, expressing his enthusiasm for the alliance between BingX Labs and the platform he co-founded. BingX Labs came to life in August 2024. Since then, the entity has actively supported upcoming blockchain-powered projects by offering technical, strategic, and financial aid.

Binance announces incorporation of generative AI in the customer onboarding process

On October 31st, Binance, the world’s largest centralized crypto exchange, with over 230 million registered users worldwide, announced it had begun leveraging Amazon Web Services (AWS) Cloud to enhance user experience with generative artificial intelligence. 

In the announcement, Binance cited that generative AI will help the exchange handle issues as soon as they occur. According to BingX Labs, the technology will simplify the exchange’s identity verification (KYC) process and address emerging issues that can be delegated to customer support.

“We have narrowed down on generative artificial intelligence to smoothen the process of onboarding new users on our platform and enhance the product user experience,” Binance added.