MyShell raises $11M for blockchain-based decentralized AI agent platform – SiliconANGLE News

MyShell raises $11M for blockchain-based decentralized AI agent platform – SiliconANGLE News

Spread the love

AI

MyShell raises $11M for blockchain-based decentralized AI agent platform

MyShell, a Tokyo-based company that provides a blockchain-based decentralized artificial intelligence platform for users to create productivity apps and chatbots, announced Wednesday it has raised $11 million in early-stage funding.

The Pre-Series A round was led by Dragonfly Capital, with participation from Delphi Ventures, Bankless Ventures, Maven11 Capital, Nascent, Nomad Capital and OKX Ventures. The new funding brings the total amount raised by the company to $16.6 million.

MyShell’s platform provides creators the capability to build and deploy their own AI applications within the company’s ecosystem, which uses blockchain technology and crypto to provide an incentive for app creation. As users interact with apps, crypto tokens are generated as royalties for creators which can be bought, sold and traded.

Although the platform can be used to create productivity apps, many of the creations of users are AI companions such as AI girlfriend chatbots in the vein of feminine cartoon characters. The application layer that MyShell provides makes it easy for creators to develop their own AI chatbot that can mimic characters from anime, fiction or historical figures and act as a conversational chatbot and then deploy it on the service.

To enable users to build apps and chatbots, MyShell provides a “Workshop” product where users build AI agents using prompts, and a no-code AI workflow builder called “Makerspace” for creators. According to the company, the platform has already gained more than 1 million registered users for the chatbots and apps, with more than 50,000 creators.

“MyShell is poised to revolutionize the AI creator ecosystem,” MyShell Chief Executive Ethan Sun said. “With this new funding, we’re not just scaling our operations, we’re catalyzing a movement towards a more open, collaborative, and democratic AI landscape.”

The company said its focus on open-source and decentralized development has already led to several projects launched from the platform. These include OpenVoice, a voice cloning AI model with over 15,000 stars on GitHub; MeloTTS, an open-source text-to-speech solution that mimics the human voice; and AIlice, an open-source agent framework for AI development workflows.

The company said that it plans to use the new funding to continue development on its open-source AI foundation model, continue to work with creators to build AI agents, build an AI assets trading platform and further support the open-source community.

Image: Pixabay

A message from John Furrier, co-founder of SiliconANGLE:

Your vote of support is important to us and it helps us keep the content FREE.

One click below supports our mission to provide free, deep, and relevant content.  

Join our community on YouTube

Join the community that includes more than 15,000 #CubeAlumni experts, including Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger, and many more luminaries and experts.

“TheCUBE is an important partner to the industry. You guys really are a part of our events and we really appreciate you coming and I know people appreciate the content you create as well” – Andy Jassy

THANK YOU

Tags

Related News

defi-and-web3-gaming-dominate-blockchain-industry-in-q1-–-crypto-briefing
No Image
mp-lisa-cameron-pushes-blockchain-initiatives-in-new-debate-–-cryptonews