ALTERED STATE MACHINE WELCOMES NEW CRYPTO, TECHNOLOGY, ENTERTAINMENT AND INVESTMENT PARTNERS IN SEED FUNDING ROUND ANNOUNCEMENT
The Chernin Group lead an extensive list of metaverse visionaries in the latest ASM seed round alongside Warner Music Group, Coinbase Ventures and AirTree VC
The Altered State Machine (ASM) team are excited to formally announce the investors in our latest seed funding round from leading crypto and investment visionaries across multiple industries:
- The Chernin Group
- Warner Music Group
- Coinbase Ventures
- AirTree VC
- 6th Man Ventures
- Baby Keem
- Blockchain Founders Fund
- DACM
- Delphi Digital
- Dialectic
- Flamingo DAO
- Executives at GoldenTree Asset Management
- Muse Capital
- Nas
- Outlier Ventures
- Quandefi
- Raised in Space
Altered State Machine is leading the revolution toward “AI for Everybody” by creating a world-leading platform for applying artificial intelligence to the metaverse. The ASM machine learning protocol already powers the AIFA League and FLUF World, with several more global brand metaverse experiences signed and waiting to be announced. ASM will gain strategic support from these investors as they join our expert crypto and blockchain partners.
David McDonald, Founder and CEO of ASM, says this latest funding round shows the immense opportunities developing within web3 and the metaverse.
“These partnerships show the foresight of leading investors around potential of what AI can do for the metaverse and web3. AI is an increasingly important tool in society and yet almost no one knows how it works or can be involved in how it impacts their life. It is incredibly important for us to work with people who see the value of providing pathways for the democratization of artificial intelligence. All our investors are industry leaders in their respective spaces and share this vision for an open metaverse. I could not be more excited about what this means for product development, our tokenomics, and the scale at which we can apply our protocol to the entertainment, gaming and finance industries,” McDonald says. “The metaverse will grow through a series of communities co-creating content and experiences. There are a myriad of different use cases for the application of AI as the metaverse grows, and our extensive list of partners and investors will help ASM in bringing AI ownership to life in web3.”
Jarrod Dicker, Partner, Crypto at TCG says the firm is thrilled to explore what AI means for the NFT community.
“Altered State Machine’s protocol means more interactivity, more interoperability, and a meaningful experience on blockchain platforms. TCG is excited to partner with this world-class team as they create a new standard for interoperable digital assets, shaping the future of the open metaverse through new innovations that are uniquely enabled by blockchain technology.”
Oana Ruxandra, Chief Digital Officer & EVP, Business Development, Warner Music Group, said:
“Communities being built by artists and fans are hungry for more: more connection, more content, more experiences. ASM’s technology will help us scale as we work to populate these communities across an increasing number of virtual spaces with interactivity and utility.”
John Henderson, Partner at AirTree Ventures, is excited to back ASM as a leader in the AI space.
“Altered State Machine has created a whole new primitive for intelligent NFTs. Inserting trainable AI models into the tokens opens up entirely new possibilities for non-deterministic game play. We’re excited about where ASM and its partners can take things from here and thrilled to be backing Hal, David, Aaron and the team as they explore new frontiers in NFT gaming.”
Investors from the seed round join founding partners Animoca Brands, Enjin, Enjinstarter, Polygon Studios, True Ventures and others to help pave the way in powering the metaverse with artificial intelligence for businesses, communities and individuals.
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About Altered State Machine
Altered State Machine is on a mission to provide AI for everybody. The ASM platform powers the creation and training of AI-driven NFTs known as Agents, which are interoperable across the metaverse. The ASM protocol enables individuals and organizations to own, train and evolve AI via revolutionary genome mining and intelligence mining processes. The direction of the ASM platform is controlled by a DAO, powered via the $ASTO token.
