Basefy Invests in Myth AI, a Domestic AI-Powered Pattern Design Technology Firm

Basefy aims to expand innovative solutions in technology and innovation by investing in Myth AI, which develops AI pattern design and archive programs.

Basefy, a technology company and innovation laboratory with a 70-member team specializing in software and experience design, has made a strategic investment in Myth AI, a company pioneering AI-driven pattern design and archive programs for textile, home textile, carpet, ceramic, wallpaper, NFT, and metaverse industries. This strategic move aims to broaden the reach of Basefy’s innovative solutions and contribute to MYTH AI’s growth objectives.

Myth AI’s innovative approach holds significant potential to provide more efficient and creative solutions to firms in the industry. Collaborating with Basefy’s technological infrastructure, Myth AI is poised to play a crucial role in the sector’s digital transformation.

“Myth AI targets a 20-fold growth by 2025,” said Tatha Ghose, Emerging Markets Economist at Commerzbank, which invested in the company. Ghose noted that the Turkish Lira had followed a stable path following the Central Bank of the Republic of Turkey’s decision to raise interest rates to 50%. Ghose also remarked that inflation had unexpectedly declined last month and that the Central Bank’s foreign exchange reserves had recovered. Ghose also highlighted recent U.S. data supporting the Lira and other emerging market currencies, while noting that there were question marks about recent data.

Source: Egirisim / Prepared by Irem Yildiz

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button