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

Morgan Stanley's Bitcoin Accumulation Boosts Market Confidence

chest

Morgan Stanley has been actively accumulating Bitcoin through the ETF route, amassing approximately 622 million worth of the cryptocurrency this month.

user avatarRajesh Kumar

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

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.