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Salesforce invests $6M in game-changing AI Web3 data platform Mnemonic!

Salesforce invests $6M in game-changing AI Web3 data platform Mnemonic!

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Mnemonic, a San Francisco-based provider of artificial intelligence-backed non-fungible token (NFT) data and analytics for enterprises and Web3 developers, has raised $6 million in a seed extension round. The funding was led by Salesforce Ventures and included participation from Polygon Ventures, Orange DAO, FIN Capital, and FJ Labs. Salesforce will use the technology in its Web3-related customer relationship management (CRM) products.

The extended crypto bear market has increased the focus on infrastructure projects that could bring more Web2 users into Web3 technologies. AI-related technologies have also gained popularity in crypto, including the $43 million fundraise for Gensyn, a blockchain-based provider of computing resources for AI, in a round led by Andreessen Horowitz.

Mnemonic offers application programming interfaces (APIs) that provide NFT data, analytics, and insights to help developers and enterprises create Web3 products and experiences in a faster, more reliable way. The data includes real-time advanced sales price data, marketplace activity, and NFT trait details for filtering and personalized recommendations. Mnemonic also includes spam detection to remove noise and help protect users from less reputable NFT collections.

“Our aim is to empower organizations to thrive in Web3 by providing them with a holistic view of how customers interact with their brand across traditional and emerging digital channels,” said Max Comparetto, co-founder of Salesforces’ Web3 Studio. “With the integration of Mnemonic’s insights into Salesforce Web3, we can help customers make better data-driven decisions on critical aspects such as partner selection, Web3 product pricing, and audience targeting for airdrops.”

The new funding will help Mnemonic build out its use cases, deepen the analytics offered, expand its market reach, and strengthen its partner ecosystem. The company currently supports the testnet of Base, a layer 2 incubated by crypto exchange Coinbase. Mnemonic’s Base NFT API will also support the Base mainnet once it launches in the coming months.

Mnemonic Raises $6 Million in Seed Extension Round Led by Salesforce Ventures

Mnemonic, a San Francisco-based provider of AI-backed NFT data and analytics for enterprises and Web3 developers, has raised $6 million in a seed extension round. The funding led by Salesforce Ventures, with participation from Polygon Ventures, Orange DAO, FIN Capital, and FJ Labs. Mnemonic provides APIs that offer NFT data, analytics, and insights to help developers and enterprises create Web3 products in a faster, reliable way.

Increased Focus on Infrastructure Projects

The extended crypto bear market has led to an increased focus on infrastructure projects that could bring more Web2 users into Web3 technologies. AI-related technologies have also gained popularity in crypto, with Gensyn, a blockchain-based provider of computing resources for AI, raising $43 million in a round led by Andreessen Horowitz.

Mnemonic’s NFT Analytics and Insights

Mnemonic’s APIs provide NFT data, analytics, and insights to help developers and enterprises create Web3 products and experiences. The data includes real-time advanced sales price data, marketplace activity, and NFT trait details for filtering and personalized recommendations. The company also includes spam detection to remove noise and protect users from less reputable NFT collections.

Salesforce to Use Mnemonic’s Technology in Web3-Related CRM Products

Salesforce will integrate Mnemonic’s insights into its Web3-related CRM products. This will help customers make better data-driven decisions on critical aspects such as partner selection, Web3 product pricing, and audience targeting for airdrops.

Funding to Help Mnemonic Build Out Use Cases and Expand Its Ecosystem

The new funding will help Mnemonic build out its use cases, deepen the analytics offered, expand its market reach, and strengthen its partner ecosystem. Mnemonic currently supports the testnet of Base, a layer 2 incubated by crypto exchange Coinbase. Mnemonic’s Base NFT API will also support the Base mainnet once it launches in the coming months.

Conclusion

Mnemonic’s unique data and analytics provide an excellent opportunity for developers and enterprises to create Web3 products and experiences quickly and reliably. With the integration of Mnemonic’s insights into Salesforce Web3, organizations can make better data-driven decisions on critical aspects like airdrops, partner selection, and Web3 product pricing. The new funding will help Mnemonic increase its market reach, build out its use cases, and strengthen its partner ecosystem.

FAQ
# What does Mnemonic offer?
Mnemonic offers application programming interfaces (APIs) that provide NFT data, analytics, and insights to help developers and enterprises create Web3 products and experiences.

# Who led the funding for Mnemonic’s seed extension round?
Salesforce Ventures led the funding for Mnemonic’s seed extension round.

# What does Salesforce plan to do with Mnemonic’s technology?
Salesforce plans to integrate Mnemonic’s insights into its Web3-related customer relationship management (CRM) products.

# How will the funding help Mnemonic?
The new funding will help Mnemonic build out its use cases, deepen the analytics offered, expand its market reach, and strengthen its partner ecosystem.

# What AI-related technologies have gained popularity in crypto?
AI-related technologies, such as Gensyn, a blockchain-based provider of computing resources for AI, have gained popularity in crypto. Gensyn raised $43 million in a round led by Andreessen Horowitz.

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