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

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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.

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