"imgnAI Secures $1.6 Million Seed Funding for AI Image Generation Platform"

Foresight News reports that imgnAI, a crypto-native AI image generation platform, has successfully concluded a $1.6 million seed funding round led by Hack VC. Other contributors include Rana Capital, Selini Capital, West Ham Capital, Motus Capital, and dao5, with the valuation remaining undisclosed. The freshly acquired funds will fuel enhancements to imgnAI's infrastructure, expedite product development, and bolster marketing initiatives. The platform is set to introduce a 'digital companion' product named 'Naifu.'

Launched in late 2022, imgnAI employs crypto tokens for unlocking advanced features and directly minting images as NFTs. The utilization of tokens for these features involves burning, strategically reducing the total supply. #imgnAI #SeedFunding #AIImageGeneration #NFT
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