Dubai, UAE, September 30th, 2024,
Chainwire
Cypher Capital, a multi-strategy crypto
investment firm, today announced its participation in a $12 million
private funding round for SecondLive, an AI and
XR Social Nexus. This latest funding will allow SecondLive to
continue its rapid growth, supported by Cypher Capital’s
investment, by enhancing its innovative AI-generation ability to
create virtual spaces for large-scale events and spatial web
infrastructure building, as well as focusing on building social
networks and supporting creator economic activities.
The funding round was led by Crypto.com, with additional
contributions from Spark Digital, MetaEstate, TAISU Ventures,
NewTribe Capital, BitValue Capital, Titans Ventures, Newave
Capital, and CSP DAO, bringing SecondLive’s total financing to $15
million.
SecondLive is the leading AI and XR Social Nexus, using GenAI to
craft virtual autonomous worlds for crypto enthusiasts, creators,
AI fans, and business partners across Web2 and Web3. With over 5
million registered users and 1.81 million UGC & AIGC digital
assets, the platform covers eight major public chains, including
BNB Chain, Ethereum, and TON.
"SecondLive is revolutionizing the way users interact within
digital environments and the spatial web," said Bill Qian, Chairman
of Cypher Capital. "They are at the forefront of utilizing AI to
create dynamic, user-generated virtual spaces, opening up the
future of Web3 to the spatial web and a variety of applications
that aligns with Cypher Capital’s vision for the future of
Web3.”
The platform's use of AI within various social and role-playing
scenarios has positioned SecondLive at the forefront of innovation
in the spatial web, offering customizable Avatars, explorable
virtual spaces, no-code creator tools, and the Secondlive
Marketplace for trading digital assets. With its expansive user
base and robust technological framework, the platform can lead the
next wave of advancements in digital identity and asset
creation.
"We are thrilled to have Cypher Capital onboard as a
key partner," said Olivia Gnemil, CMO of SecondLive. "Their
expertise within the crypto industry will be invaluable as we
continue to grow and innovate our platform for the next wave of
Web3 adoption and advancement."
About SecondLive
SecondLive is a dynamic AI and XR social nexus, connecting over
1 million users to explore self-expression, creativity, and build a
parallel digital universe. Supported by Binance Labs, the
SecondLive team specializes in creating large-scale virtual spaces
and developing the infrastructure for the spatial web. With a focus
on GenAI content, SecondLive is on a mission to build an open Web3
spatial web capable of serving up to 1 billion users.
About Cypher Capital
Cypher Capital is a leading early-strategy venture firm focused
on investing in Web3 infrastructure and applications that will
drive the new digital economy. Guided by environmental, social, and
governance for every investment decision, Cypher is shaping the
future of digital currency, public markets, and Web3.
Website |
Blog | LinkedIn |
Telegram | Instagram | Facebook | Youtube |
X
Contact
Media
Manager
Shameem
Sha
Cypher
Media
shameem@cyphercapital.com