PlayAI, a Web3 company valued at $70 million, has raised $4.3 million to enhance its AI-powered gaming platform.
PlayAI, a $70 million Web3 business, has raised $4.3 million to power its AI-powered modular gaming chain. In an effort to provide developers with high-quality gaming data and tools, the company is constructing middleware for AI models and gaming agents. This will allow producers to develop more gaming content.
The platform is also launching a new revenue stream for users all across the world, one that lets them earn rewards just for sharing their game data.
“Artificial intelligence is the future of gaming and virtual worlds, but the cost and complexity of development have long been a major roadblock to adoption,” said PS Ramees, CEO of Play AI, in a statement commenting on the release.
“We are announcing a new era for gaming with our incentivized, simple, and secure deployment system. Now, developers can effortlessly incorporate AI features such as NPC agents, auto-generated worlds, automated dialogues, and story trees. They can do this by either choosing from a variety of pre-trained models or by submitting a request to the network.”
Several businesses, including PlayAI, are trying to find ways to combine blockchain technology with artificial intelligence in video games. The platform uses blockchain technology to create a decentralized network for training AI models and data attribution.
Aside from the in-game economy, Ramees claims his company can employ NFTs to provide players access to a whole new way to make money.
PlayAI has been quietly developing its platform for the last six months, and according to VentureBeat, the company plans to release a dashboard and games in the near future.
Ramees has stated that the technology might be utilized in more straightforward hypercasual games, although he is primarily aiming it at open-world player-versus-player shooters.
“Whether the game is Web3 or Web2 doesn’t matter,” he mentioned. Because our crew has more experience with Web3 games, we’ve decided to start with them when launching our networks. However, our interaction with players is rather simple.