CharacterX, a decentralized AI social network, announced raising of $2.8 million in its Seed funding round, co-led by Lightspeed Venture Partners, INCE Capital, and Spark Digital Capital, valuing the company at $30 million.
This significant investment, including contributions from major investors such as CGV, ZC Capital, GRI, Fermion Capital, and 84000LP, underscores the increasing interest in the Web3 and AI-generated content (AIGC) sectors within the crypto industry.
Originating from a Stanford University team, CharacterX merges advanced general intelligence (AGI) technology with blockchain to revolutionize social networking. The team, boasting over a decade of experience in AI application development, has already made its mark in North America with top visual AI and entertainment applications.
Their recent launches include CharacterX mobile applications for both Android and iOS, as well as a developer website, allowing users to create and form deep emotional connections with AI beings. The platform has attracted over 500,000 users, with an average engagement time of 30 minutes per day, highlighting its rapidly increasing popularity.
CharacterX distinguishes itself not only through its product design and market growth but also as a leader in decentralized AI technology. The company is developing an advanced multi-modal AI architecture capable of processing multi-sensory data, including 3D and AR experiences, combined with a next-generation computational platform.
It’s also focusing on creating proactive AI agents tailored for social interactions. Utilizing ERC6551 for decentralized AI memories and consciousness management, CharacterX offers users a personalized and authentic social experience while ensuring security and privacy.
Led by Stanford entrepreneur Rene and a team of top AI scientists from prestigious institutions, CharacterX’s rapid product development and user growth signal its potential for significant impact in the tech industry.
As AI and blockchain converge, CharacterX emerges as a standout project. With its recent achievement of 15,000 followers on Twitter, the company is evidently in the early stages of a promising journey, representing an exciting opportunity for those interested in this innovative space.