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Play AI has raised $4.3 million in seed funding round to build the middleware for AI models and agents in gaming.
The platform, which the Las Vegas company calls a modular chain for gaming AI, will equip developers with high-quality gaming data and tools, improve gaming content generation, and reward users for their gameplay through data contributions. Play AI is thus introducing a new monetization stream for global gamers, where they can now contribute and earn from their gameplay data. The funding round values Play AI at $70 million.
The company got going six months ago, and it has been building in stealth for the last three months. Play AI attracted the attention of numerous institutional investors, including Jump, Alphawave, Polygon, Guildfi, MH Ventures, Perridon Ventures, Tykhe Block and several angel investors.
“Artificial intelligence is the future of gaming and virtual worlds, but the cost and complexity of development has long been a major roadblock to adoption,” said PS Ramees, Play AI CEO. “By making it incentivized, simple, and secure to deploy, we are ushering in a new chapter for gaming, where any developer can easily add AI elements like non-player character (NPC) agents, auto-generated worlds, automated dialogues, and story trees—either by selecting from a range of pre-trained models, or by putting out a request to the network.”
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They are backing the company’s aim to supercharge adoption of AI in gaming. The platform uses blockchain to create a decentralized network for AI model training and data attribution. In an interview with GamesBeat, Ramees highlighted the importance of attribution and value accrual in the network, using blockchain to ensure transparency and fairness. On top of that, he said the company can use non-fungible tokens (NFTs) to create a new source of earning for gamers, separate from the game economy.
Play AI incentivizes gamers on its Play Collective platform to share t …
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GamesBeat is excited to partner with Lil Snack to have customized games just for our audience! We know as gamers ourselves, this is an exciting way to engage through play with the GamesBeat content you have already come to love. Start playing games here.
Play AI has raised $4.3 million in seed funding round to build the middleware for AI models and agents in gaming.
The platform, which the Las Vegas company calls a modular chain for gaming AI, will equip developers with high-quality gaming data and tools, improve gaming content generation, and reward users for their gameplay through data contributions. Play AI is thus introducing a new monetization stream for global gamers, where they can now contribute and earn from their gameplay data. The funding round values Play AI at $70 million.
The company got going six months ago, and it has been building in stealth for the last three months. Play AI attracted the attention of numerous institutional investors, including Jump, Alphawave, Polygon, Guildfi, MH Ventures, Perridon Ventures, Tykhe Block and several angel investors.
“Artificial intelligence is the future of gaming and virtual worlds, but the cost and complexity of development has long been a major roadblock to adoption,” said PS Ramees, Play AI CEO. “By making it incentivized, simple, and secure to deploy, we are ushering in a new chapter for gaming, where any developer can easily add AI elements like non-player character (NPC) agents, auto-generated worlds, automated dialogues, and story trees—either by selecting from a range of pre-trained models, or by putting out a request to the network.”
GB Event
Lil Snack & GamesBeat
GamesBeat is excited to partner with Lil Snack to have customized games just for our audience! We know as gamers ourselves, this is an exciting way to engage through play with the GamesBeat content you have already come to love. Start playing games now!
Learn More
They are backing the company’s aim to supercharge adoption of AI in gaming. The platform uses blockchain to create a decentralized network for AI model training and data attribution. In an interview with GamesBeat, Ramees highlighted the importance of attribution and value accrual in the network, using blockchain to ensure transparency and fairness. On top of that, he said the company can use non-fungible tokens (NFTs) to create a new source of earning for gamers, separate from the game economy.
Play AI incentivizes gamers on its Play Collective platform to share t …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]