Crypto founder William Wu rattles the tin, again

Hype cycle

Artisse AI is Artisse Interactive’s consumer division, the brand under which Catheon Gaming also sits. SolChicks is part of the Catheon Gaming ecosystem. This information is not disclosed in the Artisse AI pitch, nor is the fact Wu is the chief executive of all three companies.

Wu told Street Talk he didn’t promote the linkage as the “AI consumer application side of the business is a fundamentally different business to the blockchain gaming division and will attract a different subset of investors”.

While Wu says he’s got the raise in the bag, not everyone was impressed.

“When you bring one of these AI generative companies to our investment meetings everyone rolls their eyes – they’re a dime a dozen,” one venture capital investor said who didn’t wish to be named.

Asked if investors have the right to be sceptical, Wu again said his previous venture was the victim of the downturn in the blockchain market and that Artisse AI was an attempt to quickly pivot.

“We put our previous equity raise on hold given the broader blockchain market downturn over the last 1.5 years has adversely impacted the ability of any blockchain business to be profitable,” he said.

“We have deliberately decided to pivot the business focus given the inability of any blockchain business to be profitable currently. While both are focused on disruptive technologies, the AI consumer application side of the business is a fundamentally different business to the blockchain gaming business.”

The SolChick’s token has fallen 100 per cent since its launch at 22¢, according to Coinbase. It’s currently trading below 0.1¢.