Alethea AI, a Mark Cuban-backed startup that combines NFTs with artificial intelligence technology, announced Tuesday that it raised $16 million from private venture capital firms through a restricted token sale.
Investors in Alethea include Multicoin Capital, Alameda, and Dapper Labs, the firm behind NBA TopShot and CryptoKitties.
“There is a cambrian explosion in innovation and creativity happening in the NFT space,” said Alethea CEO Arif Khan in the statement. “Creators and communities will soon demand to do more with their NFTs creating meaningfully rich, free-flowing and interactive consumer experiences built on a crypto-native stack, and we’ll be making that possible through the Alethea AI protocol.”
Creators can incorporate Alethea’s AI into NFTs to form personality traits, allow real-time interaction, and other novelties. For example, the company claims that AI-infused CryptoPunks can have rap battles against others.
One video posted on Twitter shows a c
