Kaito AI: AI video protocol Everlyn will be launched on Capital Launchpad on September 4th

According to Kaito AI, the AI video protocol Everlyn will launch a public fundraising round on Capital Launchpad at 10:00 AM Beijing Time on September 4th, with a target of $2 million and a valuation of $250 million. 100% of the tokens will be unlocked during the TGE. Developed by researchers from Meta, Google, and others, Everlyn is the first Web3 AI video protocol and has raised $15 million in funding, with the latest round led by Mysten Labs. Kaito previously announced the launch of its Web3 crowdfunding platform, Capital Launchpad.