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Web3 Video AI Project Everlyn Raises $15 Million for On-Chain Film-Grade Content

Everlyn secures $15 million to advance on-chain AI-driven film production, with support from major investors including MystenLabs and Selini Capital.

ATH

Summary

Everlyn, a Web3 video AI project, has successfully raised $15 million to develop cutting-edge on-chain film-grade video content. The funding round saw participation from major investors such as MystenLabs, Selini Capital, Nesa, Aethir, and io.net. The capital will support Everlyn's efforts in advancing the future of decentralized video production.

Terms & Concepts
  • Web3: A decentralized internet framework based on blockchain technology, enabling peer-to-peer interactions and user ownership of digital assets.
  • AI Video Production: The use of artificial intelligence to create or enhance video content, offering automated solutions for video editing, animation, and production.