Alethea AI, a pioneering company in smart NFT infrastructure services, has announced securing an investment from the Binance Smart Chain (BSC) Growth Fund.
The amount, though undisclosed, marks a significant collaboration between the two entities, focusing on the Metaverse, the NFT ecosystem, and the intersection of artificial intelligence (AI) and non-fungible tokens (NFTs).
Furthermore, the BSC Growth Fund has broadened its investment scope by acquiring various metaverse and NFT-oriented coins from ALI. At Metaverseplanet.net, we are providing an in-depth look at this notable development.
BSC fund fuels metaverse coin project with investment
Alethea AI has recently raised a total of $16 million, bolstered by the latest funding from the BSC Growth Fund, alongside earlier investments from entities like Alameda, Multicoin, and LD Capital.
On October 12, Binance launched a substantial $1 billion cryptocurrency growth fund aimed at strengthening the BSC chain and accelerating the integration of cryptocurrencies with Blockchain technology.
Alethea AI is leading the charge in creating the world’s first intelligent metaverse, powered by Intelligent and Interactive NFTs (iNFTs). As the developer of the decentralized iNFT protocol, Alethea AI is recognized for its pioneering work in adding AI-driven animation, interaction, and functionality to NFTs.
This emerging community allows members to design, train, and monetize iNFTs within the intelligent metaverse, known as Noah’s Ark. Alethea AI’s Medium post elaborates on the collaboration:
Binance Smart Chain and Alethea AI are uniting to cultivate a strong community ecosystem. With Noah’s Ark being the first Smart Metaverse and the inclusion of a comprehensive NFT Protocol, this partnership is poised to greatly benefit from the vast Binance ecosystem.
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