Two Solana Startups Secure Funding for AI-Driven Social Applications
Recent funding rounds highlight the integration of AI with social applications in the crypto space:
- Tapestry secured $5.75 million in a Series A round led by Union Square Ventures and Fabric Ventures.
- Oh raised $4.5 million in seed funding to develop AI agents for the content industry.
Tapestry aims to create decentralized social graphs, allowing users to own their online connections. It utilizes onchain technology similar to Solana’s compressed NFTs, enabling sign-in across multiple platforms using a single account. Tapestry emphasizes the importance of integrating its system into various applications to increase its value.
Oh plans to merge OpenAI capabilities with decentralized revenue sharing, allowing creators of digital twins to retain 80% of generated revenue from user interactions.
The trend indicates that AI integration is becoming crucial in the evolving SocialFi landscape.