The web3 artificial intelligence gaming firm PlayAI has emerged from stealth and announced $4.3 million in seed funding, bringing its total valuation to $70 million. 

P2 Ventures, Jump Crypto, Alphawave, Zentry, MH Ventures, Tykhe Block Ventures and angel investors previously backed PlayAI. The firm intends to use the fresh financing to grow its team, in addition to launching stream-to-earn campaigns for gamers and moving towards launching the platform's incentivized testnet.

PlayAI is a web3 platform that offers rewards for gamers who share their gaming data, which the firm uses to train AI models.

"Artificial intelligence is the future of gaming and virtual worlds, but the cost and complexity of development has long been a major roadblock to adoption,” said PlayAI CEO Ramees in …