Textile, 3Box Labs Merge in Decentralized Data Tie-Up for AI Agents

Textile, 3Box Labs Merge in Decentralized Data Tie-Up for AI Agents

Textile and 3Box Labs Merge to Build Blockchain Solutions for AI-Driven Data Economy

Key Takeaways:

• Textile and 3Box Labs have merged in an all-stock deal, creating a stronger presence in the blockchain-based data storage sector.
• The merger combines their efforts to support the emerging AI agent economy, focusing on decentralized data storage and verification.
• The newly unified company will continue to operate under the Textile brand, led by CEO Andrew Hill.
• Both companies share major venture backers, including Union Square Ventures (USV), CoinFund, and Multicoin Capital, and have collectively raised at least $42 million since 2019.

Pioneering the Future of Data Storage with Blockchain and AI

In a strategic move to consolidate their efforts in blockchain-based data storage, Textile and 3Box Labs, the developer behind Ceramic, have merged in an all-stock deal. The combined company will operate under the Textile brand, with CEO Andrew Hill leading the unified entity.

The merger brings together two key players in the crypto data storage space, both of whom have been funded by top-tier venture capital firms like Union Square Ventures (USV), CoinFund, and Multicoin Capital. According to 3Box Labs co-founder Michael Sena, the companies have collectively raised over $42 million since 2019.

A Unified Vision for the AI Agent Economy

The decision to merge was driven by a shared vision for the future of data storage and management. As AI agents—autonomous bots capable of making decisions and taking actions—become increasingly prevalent, the need for secure, decentralized data solutions has grown.

“We came to the conclusion that the future we’re building toward is an identical one,” Sena said, highlighting the alignment of their goals. The combined company aims to create what it calls "the intelligence layer for the multi-agent economy," utilizing blockchain technology for secure, permissionless data access and verification.

Leveraging Blockchain for AI-Driven Applications

Textile plans to build a blockchain network designed to serve AI agents, enabling them to interact, access data, and even trade insights or "alpha" autonomously. According to Hill, blockchains are a natural fit for this emerging technology because they serve as a universal language for secure, transparent transactions.

“It’s pretty clear that our sweet spot of expertise—how to move, store, share verifiable data on crypto rails—is becoming very relevant to agent builders,” said Hill.

Challenges and Opportunities Ahead

While the potential for AI agents is enormous, the industry is still exploring the most effective use cases for this technology. Hill remains optimistic, noting that the momentum is high and advancements are coming rapidly. The newly formed Textile is positioning itself as a foundational infrastructure provider for the AI-driven, decentralized economy.

With their combined resources and expertise, Textile and 3Box Labs are set to tackle the challenges of scalable, decentralized data solutions, aiming to make blockchain technology a cornerstone of the future AI agent economy.