Foresight News reported that Nectar AI, a Web3 AI immersive companion development company, announced the completion of a $3.90 million financing round. The round was led by Mechanism Capital and Karatage, with participation from Synergis, Maelstrom (Arthur Hayes), Builder Capital, Baboon and Decima, as well as co-founders Tekin Salimi and George Lambeth from Dao5, and Gabby Dizon, co-founder of YGG, among other cryptocurrency industry insiders.