Cypher Capital Invests $12 Million in SecondLive to Enhance AI and XR Technologies

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 AI and XR platform SecondLive.

Investment in SecondLive

Cypher Capital announced its participation in a $12 million private funding round aimed at financing SecondLive, an AI and XR Social Nexus platform. With this investment, SecondLive can continue its rapid growth, enhancing its AI capabilities to create virtual spaces for large-scale events and spatial web infrastructure.

SecondLive's Role in Web3

SecondLive is a leading AI and XR Social Nexus platform using GenAI to create virtual autonomous worlds for crypto enthusiasts, creators, and business partners in Web2 and Web3. The platform boasts over 5 million registered users and 1.81 million user-generated and AI-generated digital assets, covering eight major public chains including BNB Chain, Ethereum, and TON.

Support from Cypher Capital

Bill Qian, Chairman of Cypher Capital, highlighted SecondLive's significant achievements in using AI to create dynamic virtual spaces. The platform's technological capabilities and wide user base can lead to the next wave of advancements in digital identity and asset creation. SecondLive's CMO Olivia Gnemil stressed that Cypher Capital's support will be invaluable for further growth and innovation.

Cypher Capital's $12 million investment will allow SecondLive to continue developing and enhancing its AI platform, expanding opportunities for users and creating new virtual spaces in the Web3 framework.

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

Ambire Launches Ice Hardware Wallet to Improve Safe Transaction Security

Ambire has launched its Ice hardware wallet, designed to decode Safe transactions and alert users to changes in account control.

user avatarGustavo Mendoza

Bitcoin Core 321 Release Introduces Key Network and Privacy Changes

The Bitcoin Core 321 release brings significant updates to network management, privacy features, and interface adjustments, while earlier versions 312 and 304 focus on maintenance.

user avatarRajesh Kumar

Mercado Bitcoin and Sui Integrate SUI and Stablecoins for Enhanced Financial Services

Mercado Bitcoin and Sui have announced a significant integration that will allow users to access SUI, USDC, and USDsui, facilitating purchases, sales, and transfers.

user avatarMiguel Rodriguez

Polymarket Reports on October 29 Security Incident

Polymarket reports on a security breach that occurred on October 29, 2023, involving a compromised monitoring script, leading to $39 million in refunds.

user avatarLuis Flores

KuCoin Stops Services for Russian and Belarusian Users

KuCoin has announced the discontinuation of all services for users in Russia and Belarus, effective immediately as of October 29, due to legal and regulatory requirements.

user avatarArif Mukhtar

FCA Confirms HTX Has Ceased Operations in the UK

The Financial Conduct Authority (FCA) has confirmed that HTX is no longer active in the UK following a settlement regarding financial promotions.

user avatarMaria Gutierrez

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.