Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

Play AI raises $4.3M to use AI for ‘hyper-personalized gaming’

May 29, 2024 - venturebeat.com
Play AI, a Las Vegas-based company, has raised $4.3 million in a seed funding round to develop AI tools for gaming, valuing the company at $70 million. The platform, described as a modular chain for gaming AI, will provide developers with high-quality gaming data and tools, enhance gaming content generation, and reward users for their gameplay through data contributions. The company has attracted several institutional investors, including Jump, Alphawave, Polygon, Guildfi, MH Ventures, Perridon Ventures, Tykhe Block, and several angel investors.

Play AI's platform uses blockchain to create a decentralized network for AI model training and data attribution. The company also plans to use non-fungible tokens (NFTs) as a new source of earning for gamers, separate from the game economy. The platform incentivizes gamers to share their gameplay data, which is then used to build and train AI models and agents based on the actions and engagement of highly ranked players. These models and agents are then made available on Play AI’s Gaming Agent Marketplace, making it fast and cost-effective for developers to introduce a rich range of AI models into their gaming titles.

Key takeaways:

  • Play AI has raised $4.3 million in seed funding to build AI tools for gaming, valuing the company at $70 million.
  • The platform will provide developers with high-quality gaming data and tools, improve gaming content generation, and reward users for their gameplay data contributions.
  • Play AI's platform uses blockchain technology for AI model training and data attribution, and plans to use non-fungible tokens (NFTs) as a new source of earning for gamers.
  • The company's offerings include Play Markets for gaming datasets, Play Dojo for AI agent training, and Play Hub for integrating gaming AI agents. They have also launched a collective platform for users to share and earn from their gameplay data.
View Full Article

Comments (0)

Be the first to comment!