Encrypted data company Textile announces merger with 3Box Labs
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Golden Finance reported that two companies in the crypto data storage field Textile and 3Box Labs announced an all-stock merger agreement. The combined company will retain the Textile brand, led by current CEO Andrew Hill. The two companies have previously received investments from institutions such as USV, CoinFund and Multicoin, with cumulative financing of more than US$42 million.
Michael Sena, co-founder of 3Box Labs, said that the two companies had overlapping their products before and would jointly build a blockchain data infrastructure in the future. The new company plans to create an "intelligent layer of multi-agent economy" to provide data storage, access and verification services for AI agents. Hill emphasized that blockchain provides a natural platform for AI agent operations, which can realize data interaction and alpha transactions between agents.