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

Federal Reserve Pauses Interest Rate Hike for Upcoming FOMC Meeting

The Federal Reserve is not expected to raise interest rates at the upcoming FOMC meeting, as indicated by recent forecasts and comments from Fed officials.

user avatarMaria Fernandez

Citigroup Increases Price Targets for Bitcoin and Ethereum

Citigroup has raised its 12-month price targets for Bitcoin to $113,000 and for Ethereum to $3,028, citing stronger activity in crypto markets and ETF inflows.

user avatarGustavo Mendoza

TopNod Introduces Axil Pot APT for Enhanced Onchain Yield Management

TopNod has launched Axil Pot APT, a new onchain yield vault that allows users to earn an estimated 8% APY while maintaining instant liquidity.

user avatarRajesh Kumar

MEXC Expands Guardian Fund with Additional 1,000 BTC

MEXC has added another 1,000 BTC to its Guardian Fund, marking the second major allocation this year.

user avatarMiguel Rodriguez

HANetf and HSBC Launch First GBP EUR-Hedged Bitcoin Products

HANetf and HSBC have announced the launch of the first GBP EUR-hedged Bitcoin products, marking a significant development in the digital asset ecosystem.

user avatarLuis Flores

Goldman Sachs Integrates $100 Billion Treasury Fund with Crypto Institutional Frameworks

Goldman Sachs has announced the integration of its $100 billion Treasury Fund with crypto institutional frameworks, marking a significant development in the digital asset ecosystem.

user avatarArif Mukhtar

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.