December 4, 2024
Scrypted, a pioneering platform for decentralized AI agents, has announced the successful closure of a $1.5 million pre-seed funding round. The round was led by Palm Tree Crew Crypto (PTC) with additional participation from a16z crypto CSX. The funding will accelerate the development of Scrypted’s Inori Network, which aims to empower Autonomous Virtual Beings (AVBs) for gaming, social platforms, and financial applications. The company envisions Inori as a cornerstone of Web4, characterized by decentralization and autonomy, encapsulated in its ethos of “Read-Write-Own-Act.”
Founded by industry veterans with extensive experience at companies like Electronic Arts and Square Enix, Scrypted is building the protocols and tools necessary to establish Inori as a decentralized vertical for fully autonomous AI agents. The platform has already made strides with its AI-driven game development stack, ArtemisML, which has been integrated into high-profile projects like EVE Online: Frontier and Chibi Clash Kingdoms. These efforts underline Scrypted’s commitment to transforming AI agents into fully autonomous, self-managing digital entities.
Palm Tree Crew Crypto (PTC) and a16z crypto CSX bring strategic value to Scrypted. PTC’s blockchain expertise aligns with Scrypted’s decentralization goals, while a16z crypto CSX provided funding, mentorship, and technical guidance through its accelerator program. This partnership is advancing Inori’s native AI-layer consensus mechanisms and its vision to decentralize intelligence, creating a foundational layer for AI agent compute, storage, and finance.
About Scrypted
Scrypted is a decentralized AI platform focused on creating Autonomous Virtual Beings (AVBs) through its Inori Network. The company leverages decades of experience in AI and game development to innovate at the intersection of gaming, AI, and Web4. Website: https://scryptedinc.com/
X: @scryptedinc
About Investor
Palm Tree Crew Crypto
Palm Tree Crew Crypto is an early-stage venture fund supporting crypto-native founders in decentralized systems and technologies. Co-founded by Kygo and Myles Shear, PTC Crypto provides hands-on support and a robust network to early-stage startups.
Location: Miami Beach Website: https://ptccrypto.xyz/
a16z crypto CSX
Andreessen Horowitz’s a16z crypto CSX is a startup accelerator program dedicated to helping blockchain startups achieve product-market fit. The program offers funding, mentorship, and access to a16z’s extensive resources.
Location: Menlo Park, California
Website: https://a16zcrypto.com/ A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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