Plai Labs, a company that builds social platforms for Web3, unveiled that it secured $32M from famous venture capital firm A16z or Andreessen Horowitz.
Tech veterans and former executives of gaming company Jam City and social platform Myspace founded Plai Labs. The money raised from A16z will be used to enhance the company’s artificial intelligence technology and combine it with Web3 while also creating a unique digital social experience.
Furthermore, the company aims to grow its workforce and employ developers to construct decentralized social platforms that pair Web3 and AI technology (Artificial Intelligence) together.
Plai Labs is a company that builds the next generation of social platforms. It is applying its prover track record in Social Media, Game Mechanics, and advanced technology to create products helpful to millions around the globe.
“Imagine being able to use your AI-based profile and putting it in any situation, like a piece of art. That has implications for games and the metaverse, inside Champions and also some other social platforms that we’re interested in developing down the road,” said Aber Whitcomb CTO and Co-Founder of Jam City