Alethea AI raises $16M in private token sale for intelligent NFTs for the metaverse

Alethea AI, creator of the “intelligent NFTs,” or iNFTs, has raised $16 million in a private and restricted token sale to a group of game and crypto investors.

The corporation is building what it considers to be the underlying AI infrastructure for iNTFs, or intelligent nonfungible tokens, on the path to the metaverse, the universe of virtual worlds that are all interconnected, like in novels such as Snow Crash and Ready Player One.

Alethea is constructing scalable AI infrastructure for NFTs, enabling NFTs to be animated, interactive, and intelligent via Open AI Foundation’s GPT-3 technologies, which is a studying AI that shapes organic language responses to queries.

Alethea AI sold tokens to lead purchasers Metapurse and Crypto.com Capital. Other strategic purchasers in the token sale incorporated Multicoin, Alameda, Mark Cuban, Bitkraft, Dapper Labs, Galaxy Interactive, Sfermion, LD Capital, Hof Capital, Gemini Frontier Fund, IDEO CoLab, Defiance, Whitestar Capital, IOSG, Nascent, Borderless Capital, CMS Holdings, and other individuals.

The sale also attracted strategic operators like Sandeep Nailwal, DeFi Dad, Andrew Steinwold, Meltem De Mirrors, Sid Jain, Haseeb Qureshi, Ravindra Kumar, Gabby Dizon, Jeff Morris Jr, Mike Dudas, DCInvestor, Gmoney NFT, and Bitscale.

This announcement follows Alethea’s not too long ago productive auction of the most technically sophisticated non-fungible token (NFT) made to date, recognized as an intelligent NFT (iNFT). The iNFT sold for a record-breaking $478,000 via Sotheby’s Natively Digital on June 10, 2021.

The Alethea group has been working closely with the Open AI group, assisting to test and refine Open AI’s technologies as Alethea AI was one of the earliest teams to obtain access to its GPT-3 API released last summer season.

Alethea believes that NFTs will provide a definitive home rights infrastructure for the emerging metaverse driven by interactive and intelligent avatars. The AI infrastructure constructed by Alethea will serve as the underlying connective tissue to allow NFTs to “come alive” as interactive media assets, with character traits, preferences, and actual-time interactive capability.

More not too long ago, Alethea demonstrated its actual-time interactive technologies with a collaboration with the Avastars and Stoner Cats Community by demonstrating a live conversation involving Jimmy McNelis and two avastars and DeFi Dad conversing with a Stoner Cat.

Originally appeared on: TheSpuzz