MyShell Secures $11M in Funding to Expand Crypto-AI Platform

The Tokyo-based MyShell aims to revolutionize AI chatbot creation with a focus on decentralization and community-driven development.

MyShell, known for its AI character and bot creation platform, raises $11 million in a pre-series A funding round, bringing its total funding to $16.6 million.
The funding will be used to enhance its open-source foundational model, support its community of over 1 million users and 50,000 creators, and foster a democratic AI creator platform.
MyShell integrates with OpenAI's GPT models and introduces its own blockchain-based cryptocurrencies, Shell Coin and $SHELL token, to reward creators and facilitate premium feature access.
The platform offers a diverse range of AI chatbot applications, including translation, psychotherapy, and entertainment, with a notable focus on 'AI girlfriends' based on popular culture characters.
Plans to launch a customized Layer 2 blockchain solution are underway, aiming to further empower creators and users in the MyShell ecosystem.