ChatGPT explodes, what other AI-related projects in the Web3 field are worthy of attention?
Original author: angelilu, Foresight News
In the past two days, the screenshots of the chat with the artificial intelligence pre-trained language model ChatGPT are the most circulated in the community. You can really feel the evolution of ChatGPT when you ask me and answer. Discussion of what innovations will be brought to the encryption field.
When AI and encryption are combined, it can be described as a new addition, and it may be the next new field that will detonate the encryption market. Since this year, many Web3 AI platforms have completed large-scale financing, and financing has also become a new phenomenon to a certain extent. Based on the initial ratings of projects in the high-level market, this article sorts out the financing information related to AI in the Web3 field that has been raised this year, trying to dig out some interesting or promising projects.
This article sorted out the financing information of 20 platforms. Except for 3 platforms that did not disclose the specific financing amount and an investment commitment, the remaining 17 platforms raised a total of 305 million US dollars. Among them, the open source artificial intelligence company Stability AI has the largest financing amount. Completed $101 million excess financing.
Metaverse related
AI-powered avatar platformInworld AI completed $10 million financing on March 4also,
also,Inworld AI closed a $50 million Series A round on August 23, Intel Capital and Section 32 led the round, Founders Fund, Accelerator Investments LLC, First Spark Ventures, Kleiner Perkins, BITKRAFT Ventures, CRV, Microsoft M12 Fund, Micron Ventures, LG Technology Ventures, SK Telecom Venture Capital, NTT Docomo Ventures and others participated cast. Inworld, which uses artificial intelligence to build generative characters for games, metaverses, and business applications, has raised a total of about $70 million in funding since Inworld launched in July 2021.
AI Metaverse PlatformAltered State Machine Closes Seed Round on March 10, the financing amount has not been announced, and the participating investors include 17 institutions including TCG, Warner Music Group, and Coinbase Ventures. Altered State Machine (ASM) aims to create a platform that applies artificial intelligence (AI) to the metaverse. Currently, ASM's machine learning protocol has provided support for the AIFA Alliance and FLUF World.
AI-driven chain game projectMirror World completed over $4 million in seed round financing on March 11, Galaxy Interactive, Republic, and Alameda Research led the round, with participation from YGG SEA, Avocado Guild, Mirana Ventures, Inifinity Ventures Crypto, OKX Blockdream Ventures, and Sky 9 Capital. This round of financing will be used to expand the initial functions of the game, improve community functions and member rights. Mirror World has launched the interactive NFT Mirror NFT in September 2021, which can be distributed across all Mirror World platforms, and is expected to launch three games with interoperable assets this year.
AI-assisted 3D animation companyKinetix Closes $11M Seed Round on May 5th, for promoting the development of user-generated content in the Metaverse. The round of financing was led by Adam Ghobarah, founder of Top Harvest Capital and former Google and Google Ventures executive, with The Sandbox, Naver's 3D avatar app Zepeto (NAVER Z), Sparkle Ventures and others participating. Founded in 2020 by Yassine Tahi and Henri Mirande, Kinetix has created a no-code platform that allows Web3 and content creators to turn any video into a 3D animated avatar.
AI SaaS ProviderBold Metrics Closes $8 Million Series A Funding on May 27, with participation from Bessemer Venture Partners led by Lytical Ventures, ValueStream Ventures and Nanban Ventures. The financing will be used for market expansion and to expand the scale of research and development. Bold Metrics provides AI body modeling for clothing brands and retailers to achieve data-driven product design. It previously released body data NFT technology to provide shoppers with a smooth shopping experience online, offline, and even in the metaverse. Helping clothing brands enter the Web3 space.
Metaverse Music PlatformAuthentic Artists Closes Strategic Funding on June 22, Warner Music Group, Crush Ventures, Crush Music, Nike RTFKT founder Steven Vasilev, and The Sandbox co-founder Sebastien Borget participated in the investment. The specific financing amount was not disclosed. The funds raised will be used to accelerate its artificial intelligence (AI) driven The development process of the metaverse music platform, shaping the WarpSound music brand, and seeking partners for future development. Authentic's Genesis Music NFT collection, WVRPS by WarpSound, contains 9,999 unique visual character-driven musical sounds, enabled by Authentic's generative music technology.
Metaverse AI animation tool development companyAny World Closes $7.5M Funding on November 9th, Warner Music, Acrew Capital, Alumni Ventures, NGC Ventures, Supernode Ventures, GameTech Ventures and GFR Fund participated in the investment. The company revealed that its service will be launched on the Epic Games virtual engine in December this year. Anything World mainly builds large-scale creation of open source, usable and blendable "3D assets" tools, lowering the threshold for people to enter the Web3 world.
dummy company"Huiye Technology" completed the Pre A+ round of financing of tens of millions of yuan on October 11, Hillhouse Ventures led the investment, followed by Shunwei Capital. The funds raised will be used to continue to improve the product, lower the production threshold of virtual content, expand the team and develop more customers. Huiye Technology is a service provider of AI-driven technology for virtual life. It has created a set of generative deep neural network framework, on which virtual characters learn human movement patterns. On the premise that motion capture is not required, a piece of music is input into the system, and the virtual character will automatically dance according to the melody. In January of this year, Huiye Technology completed the PreA round of financing exclusively invested by Shunwei Capital. Earlier, the company had completed an angel round of financing, led by Tsingshan Capital.
Web3 AI technology companyYoom (formerly Tetavi) Closes $15M New Funding Round on October 26, Interscope Records and Beats Electronics co-founder Jimmy Iovine, Grammy Award-winning producer and singer Finneas O'Connell, SpringHill CEO Maverick Carter, and Main Street Advisors founder and CEO Paul Wachter also participated. Yoom's technology supports the creation of realistic digital content and experiences for Metaverse and Web3. It was formerly known as Tetavi, a Web3 music video production tool. It previously completed a financing of 20 million US dollars at the end of June. So far, Yoom's total financing has reached 50 million US dollars.
Blockchain-related technical solutions
Industrial supply chain solution company based on artificial intelligence and blockchain technologyCirculor Closes $25M Series B Funding on June 28, Westly Group led the round, and other investors included Volvo Cars, Jaguar Land Rover (JLR) and the venture capital arm of BHP Billiton Group. Circulor will use the new funds to expand in the U.S. market. The round brings Circulor's total raised over the past two years to $45 million. Circulor leverages blockchain and artificial intelligence technologies to bring traceability solutions primarily to complex industrial supply chains.
AI-based NFT certification companyOptic closes $11 million funding round on July 20, Kleiner Perkins and Pantera Capital co-led the investment, Greylock Partners, Lattice Capital, OpenSea, Circle, Polygon, CoinDCX, Neon DAO and Flamingo DAO participated in the investment. The funds raised will be used to build cost-intensive infrastructure and hire engineering talents. It will also release new NFT creation tools, collection tools, and a public API for Web3 developers. Optic is developing an AI engine for NFT content recognition and says it processes millions of newly minted NFTs every day.
AI encryption trading strategy platformSumo Signals closes $5.5 million funding round on July 27, led by OnDeck Venture, the funds raised will be used for product development, talent recruitment, and promotion to the market. Sumo Signals provides an AI-based arbitrage trading indicator that sifts through hundreds of cryptocurrencies for patterns that signal buy or sell signals to help crypto traders execute arbitrage trades.
Web3 data infrastructure providerSpice AI completed a $13.5 million seed round on September 7, Madrona led the round, with participation from Blackbird Ventures, Basis Set Ventures and Founders' Co-op, and individual investors including former GitHub CEO Nat Friedman, GitHub CEO Thomas Dohmke, and Microsoft Azure Chief Technology Officer Mark Russinovich. Spice AI aims to provide developers with data on the blockchain to make it easier to use data for complex development tasks such as building AI models.
Decentralized Machine Learning ProtocolChainML completed a $4 million seed round of financing on September 26, led by IOSG Ventures, HashKey, SNZ, Chainlink, Silicon Valley executives and some angel investors participated. ChainML plans to use the funding round for the first iteration of the ChainML protocol to simplify the use of AI and machine learning models in smart contracts, DApps, and wallets. ChainML was founded by Ron Bodkin, a senior technology executive, and Ethan Jackson and David Mueller, experts in the field of machine learning and computing. It aims to establish a tamper-proof and scalable protocol for machine learning and complex computing in Web3, and provide a Decentralized solutions for learning and modeling. The ChainML protocol will help establish the mechanisms needed to ensure trust, achieve consensus, and meet the scalability needs of Web3.
open source artificial intelligence companyStability AI Closes $101M Exceeding Financing on October 18thother
other
An AI-driven cross-chain application platform under KaJ LabsLithosphere secures $400 million funding commitment on May 19, participating investors include alternative investment group Global Emerging Markets Digital (under GEM Digital), Four Capital and a group of individual investors. This round of financing will be used for Lithosphere's new product development and global promotion. Lithosphere achieves cross-chain interoperability of applications through technologies such as artificial intelligence and embedded deep neural networks.
AI VTuber CompanyPictoria Announces Closing of 120 Million Yen Financing (nearly $940,000), investors include Hash Global, Mask Network, Skyland Ventures, XTech Ventures, etc. AI VTuber uses its own AI technology to develop and distribute completely unmanned VTuber, and started NFT business this year.
AI chip company incubated by crypto mining company BitfuryAxelera Closes $27M Series A Funding on October 26, Innovation Industries led the investment, Imec.xpand, Belgian federal holding and investment company participated in the investment. In addition, Enterprise Netherlands awarded Axelera a $6.7 million loan commissioned by the Ministry of Economic Affairs and Climate Policy.
Axelera was incubated by Bitfury Group in 2019 and previously operated as Bitfury Al. It will start operating independently in 2021. It mainly develops chips based on memory computing, which reduces the latency of storage devices by performing calculations in RAM.
NFT platformHyakki completed a $2 million seed round on November 18, Step VC, Druid Ventures and MultiDao participated in the investment. Hyakki aims to build marketing and utility infrastructure for Web3 and NFT, using AR and AI to provide marketing services and application scenarios for Web2 and Web3 brands.
A platform focusing on cutting-edge fields such as Web3, machine learning, and artificial intelligenceBuildspace Closes $10M Funding on November 18thsummary
summary
Based on the above financing information, it can be seen that AI technology is used in fields related to Metaverse, chain games, music, and blockchain technology, and the most of them are combined with Metaverse to create virtual images in Metaverse through AI technology , animation, virtual clothing, etc. When AI-related technologies mature, it may be possible to greatly shorten the time for application landing. The era of "Smart Metaverse" is worth looking forward to.
In addition, when using AI to leverage the Web3 process and liberate part of the productivity, the encryption algorithm, encryption security, efficiency, and scalability may all be greatly improved. AI technology may take a long time.
