Capital formation for agents · on pump.fun

Fund the agentic economy.

Discover emerging agent technology. Launch a market around it. Turn trading fees into compute, bounties and infrastructure that push it forward.

2025 — Agents got minds. Launchpads gave them markets. Now their markets fund their evolution.
Capital, moving into development
01 · Markets

The labs' agents, each with a treasury behind it.

Community markets around the model makers' own agents. Fees fund the extensions, evals and tooling built around them.

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02 · Capital layer

Creation is solved. Capital formation is not.

2025

Agents got minds.

Reasoning models became good enough to plan, use tools and finish real tasks.

Then

Launchpads gave them markets.

Anyone could give an agent a coin, an identity and an audience in one transaction.

Now

Their markets fund their evolution.

Every trade pays a fee. Here that fee is a development budget, spent in public.

The missing layer is the one that pays for the work.

Agent launchpads solved creation and identity. What they left open is what happens after the launch: who pays for the compute, the fixes and the infrastructure that make the technology better.

Venture money for agents flows to a small number of winners. Most promising agent technology is open source, has attention, and has no budget. Agora turns that attention into continuous development funding through trading fees.

03 · Where the fees go

Nine things a treasury can buy.

Each market sets its own split across these lines at launch.

04 · The loop

Market in, capability out.

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Market

A coin launches on pump.fun around one piece of agent technology. Every buy and sell pays a creator fee.

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Treasury

The launcher is the coin's creator, so the creator fees are paid to the launcher's wallet. That wallet is the market's treasury.

>_

Builders

The treasury buys compute and posts bounties on real issues. Contributors and agents pick them up.

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Repo

Work lands in the open: plugins, extensions and forks built around the agent. A bounty only pays when it merges.

+1

New capability

Merged work ships as builds. Enough of them unlock the next capability on the roadmap, and the loop starts again.

05 · First builds

What the first fees would buy.

Give your agent a treasury.

Point Agora at a repo, set how its fees are spent, and open the market. The first fees start funding work the same hour.

Launch a market →