PANews reported on May 29 that according to The Block, the crypto AI project Freysa AI has quietly completed $30 million in financing through its affiliated entity Eternis AI, with participation from Coinbase Ventures and Selini Capital. The project is developed based on the Base blockchain and aims to build a "personal AI digital twin". A spokesperson for Selini Capital said the company invested in Freysa's token round involving its native FAI token, but declined to comment on the $30 million figure or share more details. A spokesperson for Coinbase Ventures said the company invested in Eternis as part of the project's $30 million financing. The Freysa team revealed in its Telegram group this month that it had received more than $30 million in funding.

Eternis AI was co-founded in 2024 by Srikar Varadaraj (who founded the credit scoring project Spectral), Pratyush Ranjan Tiwari (former Celo member), Ken Li (former Binance Labs investment director) and Augustinas Malinauskas (former Views CTO). The team claims that its members include PhDs in cryptography and theoretical physics and serial entrepreneurs.