CharacterX Raises $2.8M in Seed Funding for Decentralized AI Social Network

San Francisco-based CharacterX has secured $2.8m in seed funding from investors including Lightspeed Venture Partners, INCE Capital, and Spark Digital Capital. The company, which has a $30m valuation, plans to use the funds to boost interest in the Web3 and AIGC space. CharacterX is a decentralised synthetic social network that combines AGI technology with blockchain and has more than 500,000 users. It is developing advanced multi-modal AI architecture that inputs and outputs multi-sensory data, including 3D and AR experience in combination with next-gen computational platform. The company is also developing proactive AI agents specifically for social scenarios.