ImgnAI Raises $1.6 Million in Seed Funding Round Led by Hack VC

According to Foresight News, imgnAI, a crypto-native AI image generation platform, has completed a $1.6 million seed funding round led by Hack VC, with participation from Rana Capital, Selini Capital, West Ham Capital, Motus Capital, and dao5. The valuation has not been disclosed. The new funds will be used to enhance imgnAI's infrastructure capabilities, accelerate product development, and expand marketing efforts. The platform will also launch a 'digital companion' product called 'Naifu'. According to its website, the AI image generation robot platform was launched at the end of 2022. The imgnAI crypto tokens are used to unlock advanced features and directly mint images as NFTs. Tokens used for these features will be burned, reducing the total supply.