Alethea AI raises $16 million to create a scalable infrastructure for AI-based NFTs. This software development company, which created the world’s first intelligent NFT (iNFT), has received money from several crypto-investors. Mark Cuban, the billionaire owner of the Dallas Mavericks and Mark Cuban Companies, is one of them.
Via Twitter, Alethea AI has reported that the recent private investment round is his second major feat within the world of cryptocurrencies and NFTs. The funds raised will go towards creating a scalable infrastructure for AI-based NFTs.
1/ After our groundbreaking sale of the world’s first iNFT at @Sotheby’s for almost half a million, we’re excited to announce that the private sale for Alethea has brought in $16 million with @metapurse,@mcuban, @cryptocom @multicoincap @bitkraftVC+…https://t.co/1rshkShArv
— Alethea AI (We're Hiring) (@real_alethea) August 24, 2021
The company is betting on building an NFT metaverse where digital objects in NFTs interact and evolve with each other. As explained in its press release, the idea is to turn NFT artworks and the rest of the elements of this industry into interactive agents among themselves and with the surrounding environment. According to Alethea, iNFTs will become much more attractive digital objects in this way.
Mark Cuban explained that his participation in Alethea’s private investment round has to do with the promising future of the project. For the crypto investor, with Alethea AI, NFTs will not only be fun but also smart and autonomous. And they will be able to learn and evolve from the environment. Alethea is bringing Avatars to life and you can experience it for yourself!”, Cuban stated.
NFTs and artificial intelligence
Alethea AI wants to offer creators and artists the ability to design interactive and intelligent NFTs around their favorite characters. The company also aims to facilitate the building of digital communities, maintain intellectual property over avatars, and democratize access to powerful new digital tools.
Alethea AI’s innovative vision has attracted some of the largest and most recognized investors in the crypto and gaming industry. Metapurse, Multicoin Capital, Crypto.com Capital, Alameda Research, BITKRAFT, Dapper Labs, or Galaxy Interactive are some of the names that have trusted Alethea’s project.
The participation of these large investors underlines the importance and value of blockchain technology, NFTs, or Artificial Intelligence. A few days ago, this media reported on Visa’s entry into the world of NFTs, with an investment of $150,000 in the purchase of a Cryptopunk. An action that certifies the value of crypto art and NFTs.
Alethea AI, creator of the iNFT standard
Alethea AI is the creator of the world’s first iNFT standard. In June, the company launched Alice, a smart NFT designed by artist Robert Alice and powered by Artificial Intelligence. Alice has strong self-learning capabilities, so it gains new knowledge as it interacts with more people. This smart NFT was auctioned at Sotheby’s for almost $480,000.
— Alethea AI (We're Hiring) (@real_alethea) May 20, 2021
At the time of its launch, the company stated that Alice would be the first of millions of smart NFTs in the world. That is, tokens are capable of interacting in real-time with other iNFTs and with people. J1mmy.eth is another of Alethea AI’s smart creations, which like Alice can hold real-time conversations.