Mark-Cuban is investing in a startup that uses AI to create ‘intelligent’ NFTs that can talk

Mark Cuban.
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Mark Cuban is one in every of a number of notable buyers in Alethea AI, a startup that makes use of AI to show NFTs interactive.
Alethea lately raised $16 million by way of a personal and restricted token sale.
The agency permits customers to embed AI animation, interplay, and voice synthesis into NFTs.
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Mark Cuban is one in every of a number of notable buyers in Alethea AI, a startup working to create “clever” non-fungible tokens that folks can converse with.

On Wednesday, the corporate introduced it raised $16 million by way of a personal and restricted token sale. Apart from Cuban, different buyers in Alethea embrace Metapurse, Multicoin, Alameda, and Dapper Labs, the agency behind NBA TopShot.

Alethea permits customers to embed AI animation, voice synthesis, and interplay into NFTs.

“Give your NFT Superpowers,” reads the slogan on the entrance web page of the agency’s web site.

“Whereas NFTs have continued to be thrilling for collectors, Alethea AI has managed to uniquely mix AI Powered Avatars which are secured on-chain as NFTs,” Cuban stated in a press release. “The end result just isn’t solely enjoyable and entertaining, however the basis for a degree of interactivity that’s going to advance rapidly utilizing Alethea’s applied sciences.”

The funding elevate comes after Alethea bought its first “clever NFT” named “Alice” by way of Sotheby’s for practically $478,000 in June. Previous to the sale, the clever NFT starred in a Twitter reside video on Sotheby’s account and answered questions from viewers in real-time.

“iNFTs are clever, scalable, generative, interactive and have entry to networked intelligence by way of Alethea’s protocol,” the corporate stated in a press release. “Alethea’s protocol offers creators all over the world a mechanism to create interactive and clever NFTs, construct communities and mental property round their favourite characters, and democratize entry to highly effective Artificial Media instruments.”

Learn extra: How a 12-year-old earned 106 ethers by creating an NFT assortment and promoting it out inside a day

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