• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Congress Proposes AI Kill Switch Legislation

chest

Congress members propose the AI Kill Switch Act to give the federal government authority to shut down AI models.

user avatarEmily Carter

Frax Governance Discusses Proposal for Early Redemptions from Locked Ethereum Pools

chest

Frax governance is discussing a proposal for early redemptions from locked Ethereum pools with a 4% penalty fee directed to the Frax treasury.

user avatarTomas Novak

Frax Governance Proposes Morpho Lending Market for bdUSD and frxUSD

chest

Frax governance is discussing a proposal to create a Morpho lending market for bdUSD and frxUSD to enhance stablecoin liquidity and borrowing demand.

user avatarKaterina Papadopoulou

EigenLayers Forum Engages in ELIP018 Proposal Discussion

chest

The EigenLayers forum is currently engaged in a debate over the draft proposal ELIP018, which introduces a framework known as RETIRE, aimed at providing a terminal exit route for restakers.

user avatarMaya Lundqvist

Uniswap Governance Explores Private Execution Path for Swaps

chest

Uniswap governance is discussing a proposal for an optional private execution path for swaps to enhance user privacy and reduce transaction information exposure.

user avatarLeo van der Veen

Kraken Introduces USDT0 Support on Tempo Network

chest

Kraken has introduced support for USDT0 deposits and withdrawals on the Tempo network, enhancing stablecoin liquidity movement.

user avatarLi Weicheng

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.