According to Odaily, Play AI, a provider of artificial intelligence and blockchain solutions, has announced the completion of its initial funding round, raising $4.3 million. The funding round saw participation from P2 Ventures, Jump Crypto, Alphage Ventures, and MH Ventures. The raised capital is intended to advance the application of artificial intelligence and blockchain in gaming and virtual reality.
The new funds will be used to develop Play AI's decentralized AI technology. In addition, the company plans to use blockchain decentralized networks to increase transparency and encourage game players to share data for training AI models. This move is seen as a significant step towards integrating advanced technologies into the gaming and virtual reality sectors, providing a more immersive and interactive experience for users.
The participation of notable investors such as P2 Ventures, Jump Crypto, Alphage Ventures, and MH Ventures in the funding round underscores the growing interest and confidence in the potential of AI and blockchain technologies in these sectors. The successful funding round marks a significant milestone for Play AI as it continues to innovate and push the boundaries of what is possible in the gaming and virtual reality landscapes.
