Everlyn, a Web3 video AI model, has announced it has raised $15 million in funding to date, aiming to advance cinematic-quality, on-chain video technology. The announcement was made on the X platform, highlighting the company's vision for the future of video content in the blockchain space. Mysten Labs has joined as an investor in the latest funding round, which values Everlyn at $250 million. This investment underscores the growing interest in integrating AI with blockchain technology to enhance video production and distribution.