Bluwhale (@bluwhaleai) recently announced two major updates. 1. Completed a $10 million Series A funding round. Leading investors include UOB Venture Management, the venture capital arm of United Overseas Bank (UOB), and Japanese financial giant SBI. Additionally, several top-tier L1/L2 blockchains participated. This combination of traditional finance (TradFi) giants and leading Web3 public chains betting on the same project carries significant weight in the market. 2. Announced plans to use $1 million of platform revenue to buy back BLUAI tokens. For a project that just completed its TGE, using “real revenue” instead of treasury funds for buybacks is definitely a positive signal. ➤ So, what exactly does Bluwhale do? In simple terms, it’s a decentralized AI network positioned as “AI + Blockchain.” Its core goal is to build a network of AI agents that can operate autonomously on-chain, providing users with personalized financial services like asset recommendations and automated trading. According to their data, the platform currently has over 3.6 million users worldwide. On the technical side, they’ve built a Layer 3 network to coordinate data, storage, and computation, providing infrastructure for these multi-chain AI agents. The latest update mentions upcoming developments within the Sui ecosystem, potentially related to the X402 smart agent payment standard, aiming to become the data layer for these agents. Overall, with institutional backing, real revenue, and riding the “AI + Crypto” narrative, it’s definitely worth keeping an eye on.