PlayAI developers received $4.3 million in investment #AIUSDT $AI
PlayAI, an artificial intelligence (AI) game developer for the Web3 industry, announced that it has raised $4.3 million in funding, bringing its total valuation to $70 million. Venture capitalists who participated in the fundraising round included P2 Ventures, Jump Crypto, Alphawave, Zentry, MH Ventures, and Tykhe Block Ventures.
The startup's leaders plan to use the raised investments to increase the team as well as launch gamer funding campaigns. In addition, the creators of the platform have announced the upcoming launch of a test network. PlayAI is a platform that offers rewards to digitally savvy players. The startup uses self-learning artificial intelligence (AI) models to do so.
“Our technology is the future of gaming and virtual worlds, but the cost and complexity of development has long been a major barrier to adoption,” said PlayAI CEO Ramis. “By making the platform incentivized, simple and safe for product deployment, we are opening a new chapter in the industry where any developer can easily add AI elements such as character agents, automatically generated worlds, dialogs and story trees. Third-party experts will also be able to make a selection from a number of standard trained models. They also get the ability to send a specific query and get the desired result.”
PlayAI has already launched Collective, a platform where users can share gameplay data and earn cryptocurrencies for doing so. Ramis added that owners of Play Collective's non-mutualizable NFT tokens, will receive exclusive rewards. Kjmpany plans to continuously expand the range of rewards.
Web3-based games are projects that utilize blockchain-based distributed ledger technology (DLT). It is needed to ensure transparency, security, as well as decentralization and control of gamers over their own digital assets.
