In Brief:
- The biggest investors behind this token sale include Gemini Frontier, Multicoin, Dapper Labs, Nascent, and others.
Non-fungible token protocol Alethea AI, has raised $16 million in a private and restricted token sale.
According to the announcement, the funding will go towards building more scalable infrastructure for the NFT market, the company said.
Aletha AI sold tokens to lead purchasers Metapurse and Crypto.com Capital.com. Other strategic purchases in token sales include Alameda, Mark Cuban, Bitkraft, Dapper Labs, Galaxy interactive, Nascent, IOSG, CMS Holding, and others.
This announcement follows Aletha’s successful auction of the most technically advanced NFT made to date known as iNFT named Alice. The company has been working closely with Open AI to develop its underlying technology. Aletha AI was one of the earliest teams to gain access to its GPT-3 API released last summer.
Greg Brock, the chairman of Open AI tweeted on June 10th, “The First GPT-3 NFT just sold for $478,000.”
Alethea believes that NFTs will provide a definitive property rights infrastructure for the emerging metaverse driven by intelligent avatars. The AI infrastructure built by Alethea will serve as underlying connective tissue to enable NFTs to “come alive as interactive media assets, with personality traits, preferences, and real-time interactive capability.”
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“We are increasingly witnessing collectors and consumers waiting to do more with their NFTs so that they are not just static lifeless asset,” Billionaire Investors Mark Cuban said, adding that collectors also want their NFTs to “evolve to become interactive, real-time, rich media experiences that evoke a sense of fun and a deeper level of connection.”
