Welcome to Khala Research

Welcome to Khala Research

Our firm publishes research reports capturing the most important developments for crypto-enabled AI projects.

Research reports

Research reports

WALRUS: SOLVING THE AI MEMORY BOTTLENECK

Agents start blank at every session because context dies at session end without external memory. The memory market optimises retrieval speed. Enterprises need stored context they can audit, port, and verify without trusting the vendor.

BITTENSOR: THE INVESTMENT HISTORY

Bittensor investment history: genesis TAO mining, dTAO, 128 subnets and their alpha tokens, institutional funds, and the pending spot ETF.

XMAQUINA: ONCHAIN MARKETS FOR PRE-IPO ROBOTICS EQUITY

Onchain secondary markets for private humanoid robotics equity, covering XMAQUINA's DAO structure, verified equity positions, and the mechanism for converting them into tradable markets.

SURF: A DATA PLATFORM FOR CRYPTO INTELLIGENCE

Onchain, social, market, and prediction data routed through a single API endpoint. Product analysis, capital efficiency, and the competitive landscape for crypto's data infrastructure layer.

x402: UNLOCKING THE INTERNET'S MISSING PAYMENT LAYER

A capital allocator's guide to x402, the HTTP payment protocol powering autonomous transactions. Token analysis and investment framework for the agentic economy.

THE DAWN OF THE AUTONOMOUS SOFTWARE FACTORY

OpenClaw is enabling a new generation of agents on the path to creating real economic value

BITTENSOR: THE INTELLIGENCE OLYMPICS

Analysis into the subnets generating real revenue, signing enterprise clients, and attracting institutional capital.

DECENTRALIZED ROBOTICS: LANDSCAPE AND OUTLOOK

Decentralized robotics is no longer a speculative concept; it provides product market fit with real world impact. 

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