On February 20, the distributed intelligent component protocol Endless Web3 Genesis Cloud (Endless for short) announced that it had received a strategic investment of US$1 million from Foresight Ventures. The financing plan will be used to accelerate the development of AI Agents on Endless and ecological projects built on the distributed social application Luffa. In the future, the two parties will carry out comprehensive and in-depth cooperation based on multiple businesses within the ecological application.
With the completion of this financing and strategic cooperation, Foresight Ventures will also participate more deeply in Endlesss governance, future development planning and ecosystem construction, and provide more support to jointly develop AI agent-based intelligent ecosystems and content and entertainment ecosystems based on distributed social applications.
Endless is committed to becoming the best connector from Web2 to Web3. It is equipped with the public chain Endless based on the Move language, providing high-performance, scalable decentralized infrastructure, as well as an integrated, componentized development platform. This significantly lowers the threshold for Web2 applications to transform to Web3, paving the way for large-scale Web3 applications. At the same time, in order to lower the users usage threshold, Endlesss wallet not only supports mnemonic registration and login, but also supports login methods such as Google accounts; and has launched a mechanism for developers to pay gas fees on their behalf, so that Web2 users can smoothly experience Web3 applications without having to learn Web3-related concepts.
Endless is also the best development platform for Crypto AI, which provides a wealth of AI-related component capabilities to help developers quickly build AI Agents. This will further open up the imagination space of the AI Agent market.
In addition, Luffa, the first social application built on Endless, has been launched. On Luffa, Luffa provides the decentralization and privacy protection of Web3 and achieves a smooth experience like Web2 applications. All user data is protected by end-to-end encryption (E2EE) and is only stored on the users own device without centralized backup. User accounts are not associated with real user information, effectively preventing personal information leakage. Users can also easily create their own channels, mini-programs, and AI robots on Luffa. Luffa provides a wealth of community operation functions, and the seamless migration capabilities of mini-programs and AI Agents also present huge ecological potential.
Forest Bai, co-founder of Foresight Ventures, said that social and content applications have always been a huge entrance to market traffic. Endless has built a powerful consumer-level infrastructure for developers, while Luffa also provides a strong entrance and a friendly interactive interface based on the social chain. With the support of a smooth user experience, it is believed that more Web2 users will be attracted to understand and enter the Web3 world, which will be a huge market opportunity. AI agent-based intelligence will also greatly change the way users interact with the digital world, and the integration of AI capabilities has also brought huge imagination space to Endless and Luffa. We are very much looking forward to the upcoming cooperation, which will bring greater increments to the industry and the market, and also bring a better experience to users.
Xiong Yu, Co-President of Endless and Dean of the School of Blockchain and Metaverse at the University of Surrey, said: We are very excited to receive investment from Foresight Ventures. This is not only a recognition of the Endless team and our Web3 vision, but also an important driving force for us to accelerate the development of AI Agent and the Endless Luffa-based ecosystem. We look forward to in-depth cooperation with Foresight Ventures to jointly promote the development of AI agent-based intelligent ecosystems and distributed social applications, and create a more open, secure and user-friendly digital world.
