Cypher Capital Invests $12 Million in SecondLive, Leading AI and XR Social Platform

user avatar

by Giorgi Kostiuk

2 years ago


Cypher Capital, a multi-strategy crypto investment firm, announced its participation in a $12 million private funding round for SecondLive, an AI and XR Social Nexus. This funding will allow SecondLive to continue its rapid growth and technology development to create virtual spaces and spatial web infrastructure.

Cypher Capital Investments

The SecondLive funding round was led by Crypto.com, with contributions from Spark Digital, MetaEstate, TAISU Ventures, NewTribe Capital, BitValue Capital, Titans Ventures, Newave Capital, and CSP DAO. The total financing reached $15 million.

SecondLive Capabilities

SecondLive is a leading AI and XR social platform utilizing AI to create virtual worlds for crypto enthusiasts, creators, AI fans, and business partners across Web2 and Web3. With over 5 million registered users and 1.81 million UGC & AIGC digital assets, SecondLive supports eight major public chains including BNB Chain, Ethereum, and TON. The platform offers customizable avatars, virtual spaces, no-code creator tools, and a marketplace for trading digital assets.

Company Representatives' Statements

“SecondLive is revolutionizing the way users interact within digital environments and the spatial web,” said Bill Qian, Chairman of Cypher Capital. “They are at the forefront of utilizing AI to create dynamic, user-generated virtual spaces, opening up the future of Web3 to various applications.”

“We are thrilled to have Cypher Capital onboard as a key partner,” said Olivia Gnemil, CMO of SecondLive. “Their expertise within the crypto industry will be invaluable as we continue to grow and innovate our platform for the next wave of Web3 adoption.”

SecondLive continues to evolve, attracting leading investment and technology firms to support their ambitious goals in spatial web and Web3. The backing from Cypher Capital and other funding round participants underscores the importance of the innovative solutions offered by the platform.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Microsoft Opens Public Feedback for AI Code of Conduct

chest

Microsoft is inviting public feedback on its draft Code of Conduct for AI models until late October, aiming to refine guidelines before finalizing them for 2027.

user avatarLuis Flores

Microsoft AI Releases Draft Code of Conduct for AI Models

chest

Microsoft AI has published a draft Code of Conduct outlining the expected behavior and limitations of its AI models, inviting public feedback for six weeks.

user avatarMiguel Rodriguez

Clichmont's Infrastructure Plan: Control Through GPUs.

chest

Clichmont emphasizes the importance of energy and infrastructure in AI compute, stating that owning data centers is more strategic than renting GPUs.

user avatarArif Mukhtar

Clichmont's Unique Approach to AI Infrastructure

chest

Clichmont CEO Alexis Cathalifaud discusses the company's strategy of owning data centers rather than renting GPU capacity.

user avatarMaria Gutierrez

MEXC Launches Campaigns to Enhance Trading Experience

chest

MEXC launched three flagship campaigns in August 2026 to enhance trading participation, attracting over 174,000 registrations with a total prize pool of 1 million USDT.

user avatarDavid Robinson

MEXC Reports Significant Growth in Trading Activity for August 2026

chest

MEXC has reported a significant increase in trading activity for August 2026, with a 21% rise in users trading new tokens and a 13% increase in TradFi Spot trading volume.

user avatarAndrew Smith

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.