PANews reported on August 27 that according to Analytics Insight, Web3 AI immersive companion development company Nectar AI announced the completion of a US$3.9 million financing round, led by Mechanism Capital and Karatage, with participation from Synergis, Maelstrom (Arthur Hayes), Builder Capital, Baboon and Decima, as well as Dao5 co-founders Tekin Salimi and George Lambeth, YGG co-founder Gabby Dizon and other crypto industry insiders.
According to reports, Nectar AI uses generative AI and Web3 fusion to build a multimodal AI partner. Creators have full IP ownership of their assets and can monetize them without permission. The company plans to release an on-chain artificial intelligence agent protocol before the end of the year.
