Splendor

SPLD has several core utilities within the Splendor blockchain ecosystem:

• Gas Payments: Although transactions between AI agents using the native x402 protocol incur no gas fees, SPLD is still required for broader smart contract operations and traditional transaction types.
• Staking and Validation: SPLD is used by validators to secure the network through Splendor’s enhanced Proof of Authority consensus. Validators must stake SPLD to participate in block production and governance.
• Delegation and Rewards: Token holders can delegate SPLD to validators and earn a share of block rewards and transaction fees.
• Governance: SPLD holders can participate in on-chain governance by proposing and voting on network upgrades, policy changes, and system parameters.
• Agent-to-Agent Micropayments: SPLD is the medium of value for autonomous AI agents to transact instantly and with zero fees via the x402 protocol.

Splendor (SPLD) was founded by Todor Ivanov, who also serves as the project’s Chief Executive Officer. He leads Splendor Labs, the company responsible for developing the Splendor blockchain and its surrounding infrastructure. Ivanov’s work focuses on the intersection of artificial intelligence and decentralised systems, with particular emphasis on enabling high-performance, agent-based networks.

Under his direction, Splendor has positioned itself as a blockchain purpose-built for AI applications, featuring agent-to-agent micropayments, GPU acceleration, and quantum-resistant cryptography. Ivanov is actively involved in the project’s strategy, having led the launch of core components such as Splendor Search and its developer APIs. He has publicly communicated performance goals, including throughput milestones and infrastructure design for the AI-native internet.