Crypto has a lot to say about AI, and recently two Solana-based startups closed funding rounds that merged AI with social apps.
Tapestry, a social graph protocol company, announced that it had raised $5.75 Million Series A funding led by Union Square Ventures. Fabric Ventures also contributed $4.5M in seed financing. “build AI agents for the spicy content industry.” The pair of fundraises both came with expansive ideas about the future of AI — and how humans can still stake a claim to that future.
Tapestry focuses on the creation of onchain social graphs that describe an individual’s online connections. It uses the same technology as Solana’s NFTs to store social profile data onchain.
The idea of decentralized graphs is gaining popularity in the crypto world. Aave’s Stani Kulechov founded Lens which allows users to own their social graphs using Ethereum. Farcaster is a popular social crypto app that does something very similar. These projects generally are built with the belief that social media users own their data and should not let it be monetized.
Tapestry allows users to log in using one Tapestry Account on any platform which has Tapestry’s social integration. This fact is combined with AI visioning in the startup’s pitch.
“In a world of abundant AI creation, thousands of viral, ephemeral web apps will emerge over the next decade — far outpacing iOS apps. A unified social layer enables these apps to thrive outside App Store constraints,” The project was written on X.
To date, however, the crypto-social graph has not been a hit. Tapestry compiles social apps, but it’s graph is valuable only when many teams use it. David Gabeau, Tapestry’s founder, admitted that Tapestry still has much work to do. However he said the service was useful in this looming AI age.
“Right now, using Solana is very similar to using Google on Incognito mode,” Gabeau told me. Tapestry could help people move from one Solana application to another if AI was going to make it easier to create them, Gabeau said.
Oh, an AI-powered companionship platform with a sexualized AI will integrate Solana to offer tokens. The seed round attracted participation from Tangent, Big Brain Holdings and others. Platform claims it is OpenAI combined with OnlyFans as they are developing decentralized revenue models and centralized AI.
This model was proven by the digital twins that were created. The platform gives 80% of revenue generated by the digital twins or original AI bots created on it to the creator.
SocialFi was introduced a year and half ago as the concept of providing users with ownership, or financial interest in their online presence. Almost all sectors are incorporating some form of AI integration.
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