Blockchain

Nectar AI Raises $3.9M to Build Uncensored Immersive AI Companions

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    New York, New York, August 26th, 2024, Chainwire

     

    Nectar AI, an immersive AI companionship platform, announced today it has raised $3.9 million in funding.

    The seed round is co-led by Mechanism Capital and Karatage, with participation from Synergis, Maelstrom (Arthur Hayes), Builder Capital, Baboon, and Decima. Notable angel investors include Tekin Salimi and George Lambeth (Dao5), Albert Chon (Cofounder at Injective), Charles Lu (Cofounder at Espresso Systems), Gabby Dizon (Cofounder at YGG), and several other key figures in the crypto space.

    The proceeds will be used to scale the team with several key hires on both the AI and protocol side, as well as increase capacity for new partnerships and affiliates.

    Nectar AI’s mission is to allow users to create and interact with AI companions that feel indistinguishable from reality. Leveraging the latest developments in generative AI and web3, Nectar AI allows users to create uncensored & replicable multimodal AI companions in either a realistic or anime style. Users can customize their characters at a level of depth unmatched by other platforms, by detecting user intent and responding appropriately with images or text within seconds. Generative AI video creation is also available on the platform, with more in depth video and voice messages coming soon. In the future, users will be able to port their created companions onchain, giving them full IP ownership of their assets as well as the ability to permissionlessly monetize them.

    Currently, over 500,000 users on the platform create both AI stories and companions, which allows storytellers to create rich and dynamic role playing experiences that can range from medieval adventures to different encounters. Companions are AI generated agents that can star in any of these stories, similar to casting an actress for a movie.

    Members of the Nectar community have lauded the platform for its ability to make uncensored immersive content for entertainment and emotional support.

    One user said, “A recent update allowed me to transform my photos into companions. The new ability to bring portraits to life inspired me to create a music video with one of them as the protagonist. Nectar is such a creator-friendly platform, and I’m really looking forward to more updates and eventually monetize my assets.”

    Keccak and Zi, the co-founders of Nectar AI, first met at Stanford and began working on the project in August 2023. Prior, Keccak helped start a prominent AI & crypto fund and Zi made significant contributions to realistic synthetic facial generation at Meta and L1 Blockchains. Nectar is set on developing a new protocol set to release later this year to enable financialization of on-chain AI agents.

    About Nectar

    Nectar AI is building out the future of human and AI interaction. We believe that these experiences should be uncensored and immersive, and our flagship product allows users to create personalized and multimodal AI companions.

    With over 500k users, Nectar AI’s mission is to become the most powerful decentralized platform for creating AI assets, and to deliver an integrated experience both on and offchain. Nectar AI was founded in 2023 by Keccak and Zi, who both graduated from Stanford, and has founding team members from top companies and protocols.

    Site: nectar.ai

    Info: support@trynectar.ai

     

    Contact

    Nectar AI
    support@trynectar.ai

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    KYN Capital Group's KOINFOLD Integrates USDT on Polygon, Ethereum, and Tron Blockchains and Artificial Intelligence Into Cryptocurrency App

    2024-09-17T12:30:00Z

    RANCHO CORDOVA, CA, Sept. 17, 2024 (GLOBE NEWSWIRE) -- KYN Capital Group (OTC: KYNC), a leading innovator in the fintech sector, is thrilled to update our customers on the new updates for KOINFOLD.

    At the beginning of the year, KYNC laid out a bold vision for the future of commerce – a future that’s more personalized and rewarding than ever. Our teams are moving with urgency, relentlessly innovating, and focused on execution to deliver this vision.
 KOINFOLD is a go-to cryptocurrency app with a secure payment option through Moonpay. We recently added USDT on Polygon, Ethereum, and Tron Blockchains for our customers to have a richer and more user-friendly experience. 


    For our users there’s never been a better time to be part of the KOINFOLD community. We’re constantly adding and building up our end-to-end platform that spans the full spectrum of cryptocurrency offerings with better customer experiences and tools. We have positioned our app to benefit from the consumer volume we expect in the years to come.
Take advantage of this momentum by downloading the new version of the KOINFOLD app. It gives you access to innovations like, What’s hot, Losers and Gainers in the cryptocurrency world. Our goal is to drive customer loyalty.

    KYNC has incorporated AI-powered trading bots into the KOINFOLD crypto app. These bots utilize sophisticated artificial intelligence algorithms to automate trading processes, analyze market trends, and execute trades autonomously based on predefined parameters and current market conditions.

    “With these new AI features and more being added, KOINFOLD is seeing more downloads and transactions that will gain revenue for the company in a steady and consistent way. It has been a long process with all of the changing data in the AI platforms and cryptocurrency regulation landscape, but with new executive orders from the president of the United States supporting the use of digital assets we are in the right position and evolution,” stated Rick Wilson, CEO of KYNC.

    KYN Capital Group remains committed to growing the fintech industry. The company remains dedicated to offering cutting-edge solutions that empower users to navigate the digital economy with ease and confidence.

    Download KOINFOLD here:

    KOINFOLD on Google Play

    KOINFOLD on the App Store

    Follow KYN Capital Group, Inc. (KYNC) on Twitter and Instagram.

    Visit the new KOINFOLD website for more information.

    https://KOINFOLD.com

    https://twitter.com/kyncap

    https://www.twitter.com/koinfold

    https://www.instagram.com/kyncapital/

    About KYN Capital Group, Inc. (KYNC)

    KYN Capital Group, Inc. (KYNC), a Nevada Corporation, is a leading holding company dedicated to being at the vanguard of its industry working on acquisitions in the entertainment, blockchain, cryptocurrency and touchless payment verticals. KYNC leverages the expertise of its highly skilled team & developers to create a cohesive force in formulating market and business strategies, ensuring that they remain ahead of the curve to carry the company forward in the marketplace.

    Safe Harbor Statement:

    Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation

    Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.

    Contact:
    KYN Capital Group, Inc. (KYNC)
    info@kyncap.com


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