Nectar AI Secures $3.9 Million Funding Led By Mechanism Capital And Karatage

According to BlockBeats, on August 27, Web3 AI immersive companion developer Nectar AI announced the completion of a $3.9 million funding round. The investment was led by Mechanism Capital and Karatage, with participation from Synergis, Maelstrom (Arthur Hayes), Builder Capital, Baboon, Decima, and crypto industry figures such as Dao5 co-founders Tekin Salimi and George Lambeth, and YGG co-founder Gabby Dizon. Nectar AI leverages generative AI and Web3 integration to build multimodal AI companions. These companions allow creators to have full IP ownership of their assets and enable permissionless monetization. The company plans to launch an on-chain artificial intelligence agent protocol by the end of the year.