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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

Experts Warn Against Short-Term Predictions for Bitcoin Prices

chest

Experts warn against over-reliance on single-day ETF flows for predicting Bitcoin prices, emphasizing long-term trends.

user avatarNguyen Van Long

Dormant Bitcoin Wallets Come to Life

chest

Six dormant Bitcoin wallets have moved a total of 55,359 BTC, worth approximately $40.15 million, between August 16 and August 26.

user avatarSatoshi Nakamura

SEC Proposes New Rules for Crypto Custody Regulations

chest

The SEC has proposed new rules to modernize crypto custody regulations for investment advisers and companies.

user avatarJesper Sørensen

US Law Blocks Federal Reserve from Issuing Digital Currency Until 2030

chest

US Congress passed a law blocking the Federal Reserve from issuing a digital currency until 2030.

user avatarRajesh Kumar

ECB Executive Addresses Privacy Concerns of Digital Euro

chest

Piero Cipollone from the European Central Bank addresses privacy concerns regarding the digital euro, emphasizing user privacy and transaction confidentiality.

user avatarLucas Weissmann

Bitcoin Futures Traders Abandon Crypto for Stablecoin Margin

chest

Bitcoin futures traders have largely abandoned using Bitcoin as collateral for their positions, opting for stablecoin-backed positions to avoid risks associated with price drops.

user avatarFilippo Romano

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.