Woofun AI reports that L1 blockchain ILITY has closed a $1 million institutional financing round with participation from Archer Capital and TBV. The capital will be deployed to accelerate the launch of ILITY's AI Agent economic ecosystem, which provides verifiable on-chain identities, real-time machine-to-machine payment settlements, and a cross-service reputation system based on on-chain performance records. The native token $ILY functions as the gas and settlement currency within this infrastructure. Previous funding rounds included support from Animoca Brands, DuckDAO, UZ Capital, and Vega Ventures.