The AI video protocol Everlyn is set to launch a public fundraising round on Capital Launchpad on September 4th at 10:00 Beijing time. The initiative aims to raise $2 million, with the project valued at $250 million fully diluted. All tokens will be fully unlocked during the Token Generation Event (TGE). Developed by experts from Meta and Google, Everlyn is the first Web3 AI video protocol and has previously secured $15 million in funding, with Mysten Labs leading the latest round. This launch follows Kaito's recent announcement of its Web3 crowdfunding platform, Capital Launchpad, going live.