Web3 AI and gaming firm PlayAI raises $4.3 million in seed funding
Quick Take
- P2 Ventures, Jump Crypto, Alphawave, Zentry, MH Ventures, Tykhe Block Ventures and angel investors previously backed PlayAI.
- PlayAI is a web3 platform that offers rewards for gamers who share their gaming data, which the firm uses to train AI models.
The web3 artificial intelligence gaming firm PlayAI has emerged from stealth and announced $4.3 million in seed funding, bringing its total valuation to $70 million.
P2 Ventures, Jump Crypto, Alphawave, Zentry, MH Ventures, Tykhe Block Ventures and angel investors previously backed PlayAI. The firm intends to use the fresh financing to grow its team, in addition to launching stream-to-earn campaigns for gamers and moving towards launching the platform's incentivized testnet.
PlayAI is a web3 platform that offers rewards for gamers who share their gaming data, which the firm uses to train AI models.
"Artificial intelligence is the future of gaming and virtual worlds, but the cost and complexity of development has long been a major roadblock to adoption,” said PlayAI CEO Ramees in a statement. "By making it incentivized, simple, and secure to deploy, we are ushering in a new chapter for gaming, where any developer can easily add AI elements like non-player character agents, auto-generated worlds, automated dialogues and story trees — either by selecting from a range of pre-trained models, or by putting out a request to the network."
PlayAI launched a platform where users can share and earn from their gameplay data called Collective. Ramees added that holders of the firm's Play Collective NFT, launching today, will recieve exclusive rewards.
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