NeoSwap AI Bags $2M Pre-seed Investment for AI-powered NFT Trading
Artificial Intelligence Companies to Watch
The $2 million pre-seed investment was led by Digital Asset Capital Management and AngelHub, with participation from Gossamer Capital, Cavalry Asset Management, Stacks Ventures, Dhuna Ventures, along with several angel investors.
NeoSwap is creating a novel use of the blockchain settlement layer that enhances liquidity and utility for NFTs. “NeoSwap is transforming the world economy through personalized and efficient trade discovery,” CEO and co-founder Dr. John Ennis said in a company release.
NeoSwap AI’s proprietary algorithms allow for efficient trade discovery and a more efficient form of commerce over traditional centralized methods that require greater liquidity.
The company also recently made history with the world’s first Ordinals NFT smart auction, held for Brian Laughlan, creator of the “Satoshibles” NFT project.
The pre-seed round values NeoSwap AI at $15 million, and the company plans to raise their seed round later this year.
Building a better world with Artificial Intelligence. Get smarter faster with AI Bytes. Each issue features 3 articles, 2 podcasts, and 1 video delivered to your inbox once a week.
AI Tool Tracker
I’m sharing a Notion page with the various AI tools I’ve been trying out. You can access it here.
Originally published at https://weishauptai.substack.com on March 1, 2023.