Web3 AI immersive companion development company Nectar AI completes $3.9 million in financing, led by Mechanism Capital and others

BlockBeats news, on August 27, Web3 AI immersive companion development company Nectar AI announced the completion of a $3.9 million financing, led by Mechanism Capital and Karatage, with participation from Synergis, Maelstrom (Arthur Hayes), Builder Capital, Baboon and Decima, as well as Dao5 co-founders Tekin Salimi and George Lambeth, YGG co-founder Gabby Dizon and other crypto industry insiders.

Nectar AI uses generative AI and Web3 fusion to build a multimodal AI companion. Creators have full IP ownership of their assets and can also monetize without permission. The company plans to release an on-chain artificial intelligence agent protocol by the end of the year.