what's Everlyn AI?
Everlyn AI is a decentralized infrastructure for AI-generated video creation, built on the Lyn Protocol, which serves as an on-chain layer ensuring permanence, provenance, and ownership of AI content. It enables users to generate videos through a Web3-native system where every frame is minted on-chain, making content transparent, verifiable, and truly owned by creators. The platform leverages distributed GPU nodes and Proof of Compute to decentralize inference, reducing reliance on centralized servers and lowering costs while maintaining high-quality outputs. At its core, Everlyn AI integrates AI models like xDiT superpipeline for efficient video synthesis, supporting applications from short clips to long-form content and real-time avatars. The Lyn Protocol stores latent vectors and random seeds on-chain, allowing videos to be composable and reusable as digital assets. This open ecosystem fosters collaboration among creators, developers, and users through incentive mechanisms that reward contributions with tokens. Governance and safety are embedded via a dedicated layer that promotes transparency and accountability, preventing chaotic outputs common in centralized AI systems. By combining blockchain with AI, Everlyn AI aims to redefine content creation, enabling decentralized intelligence and community-driven evolution in Web3.
Everlyn AI token price increased 35.94% in 24 hours ending March 11, 2026.
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x.com/everlyn_aiToken price increased by 35.94% over a 24-hour period ending on March 11, 2026.
Trades 53% below IDO price, cited as one of four recent Kaito launchpad underperformers amid extreme fear conditions.
Everlyn uses Walrus Protocol as default data layer, migrating datasets off AWS/Azure and storing 5,000+ user videos on Walrus while leveraging Sui for smart payments to maintain speed and lower storage costs.
Post-TGE reward campaign distributes $373,500 to community yappers in 4 weeks with Nov 17 distribution date; $LYN currently trades at $0.125 (FDV $125M) and refund program available for subscribers with upcoming deadline.
$LYN currently trades at $177M FDV post-TGE. Yapper distribution scheduled for Nov 17 with $531,000 total payout (top 100 receive $2,124 each, top 300 receive $1,062 each), and Multibank partners to distribute $150K USDT to top 200 yappers in November.
The $15M funding round led by Mysten Labs values the project at $250M, with the platform generating $2.5M revenue in 3.5 months from 10,000+ weekly paying users and targeting $15M annual ARR.
TGE is now live with $LYN token launch; project selected by Binance's MVP incubator, raised $15M seed funding, and advised by Meta's Chief AI Scientist Yann LeCun (Turing Award winner).
TGE on October 6 confirmed to deploy on BNB Chain. Yann LeCun, Turing Award winner, serves as academic advisor, with Mysten Labs leading the $15M funding round followed by Aethir and io.net.
The airdrop distribution outcome surprises holders as it transforms into a post-TGE campaign structure instead of direct token distribution.
Binance Alpha and Binance Perps listings confirmed ahead of October 6 TGE, with Kaito launchpad oversubscribed 300% on $2M target and token up 80% from presale price in pre-market trading.
Token trades at $400M FDV in pre-market (up from $166M Kaito entry price), with $2.5M revenue generated in 3.5 months across 89K+ users, and former Meta AI engineer joining as advisor.
TGE officially confirmed for Monday. Team confirmed in AMA that the snapshot for Kaito Yappers allocation (0.2% of 1B token supply across 500 participants) has not been taken yet, and total funding raised reaches $17M at $250M valuation.
TGE timeline appears to have shifted to Q4 according to a comprehensive list of upcoming project launches, representing a delay from the previously expected September timeframe.
TGE expected sometime this week according to Kaito Capital Launchpad information.
Announces technical partnership with Walrus Protocol ($WAL) to power platform infrastructure with onchain training data tracking and Sui-based payment routing.
Platform launches live on Kaito.
Token sale oversubscribed within 12 hours of launch, offering 50% bonus for platform subscribers
New token listing on Kaito's Capital Launchpad raising $2M at $250M FDV with 100% TGE unlock, backed by Mysten Labs.
Secures $15M in funding round for Video AI development
New token $LYN launches as foundation of video generation economy, with $10/month subscription model and staking mechanics for performance boosts.
AI video generation platform demonstrates significant price advantage over competitor Kling
Meta's Chief Scientist endorses AI video generation platform, confirming superior speed and cost benchmarks.
Community leaderboard launches on Kaito platform with active participation incentives.
Partnership with ionet provides access to 5,000+ verified GPUs via decentralized cloud for AI video generation.
Platform launches on Kaito AI with competitive leaderboard system for AI-generated video creation, powered by proprietary Everlyn-1 model.
Ex-Meta Make-a-Video lead Dr. Ser Nam Lim heads technical development, bringing proven AI video generation expertise from previous successful exits.
First Layer-1 blockchain for 15-second cinematic AI video creation emerges, led by ex-Meta and Deepmind team.