Web3 AI immersive companion development company, Nectar AI, has completed a financing of 3.9 million US dollars, led by Mechanism Capital and others

Web3 AI immersive companion development company Nectar AI announced the completion of a $3.9 million financing round, 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 combined with Web3 to build multimodal AI companions where creators have full IP ownership of their assets for permissionless monetization. The company plans to launch an on-chain artificial intelligence agent protocol by the end of this year.