Blockchain Technology Wire Network Designs First Blockchain for AI Agent Economy

Wired network introduced its Universal Transaction Layer (UTL), a unique open-source blockchain developed to meet the needs of the AI ​​agent economy.

What happened: Wire Network’s UTL is the first third-generation blockchain, succeeding Bitcoin Bitcoin/USD And Ethereum ETH/USDaccording to the company’s official press release.

The UTL is designed to handle scalable and cost-effective transactions, meeting the demands of the booming AI agent economy.

“AI agents will need to be able to perform millions of transactions per second across all blockchains,” said Ken DiCross, CEO of Wire Network. “AI is ready, but the current blockchain infrastructure is not. That’s what Wire Network was created for.”

By making the UTL protocol open source, Wire Network invites developers, researchers, and industry stakeholders to contribute to its development. DiCross concludes: “We are excited to announce that as of today, the Wire Network protocol is open source and we invite engineers around the world to help us continue building the blockchain of the AI ​​agent economy.”

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Why it matters: UTL offers zero gas fees, cross-chain compatibility, and instant transactions. It allows AI agents to transact on all major blockchains quickly and cost-effectively. This advancement paves the way for decentralized AI applications.

“We provide the financial rails for the AI ​​agent economy. It’s like giving AI a global passport and a universal currency,” DiCross said.

All Tier 1 nodes of Wire Network, the backbone of the blockchain network, have already been purchased, demonstrating strong market interest and confidence in the new technology.

And then?:Bitcoin’s influence as an institutional asset class is set to be explored in depth at Benzinga’s upcoming Future of Digital Assets event on November 19.

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