Cypher Capital Invests in SecondLive's $12M Funding Round
SecondLive's Expansion with New Funding
Dubai, UAE, September 30th, 2024 - Cypher Capital, an innovative multi-strategy crypto investment firm, has participated in a $12 million private funding round for SecondLive, a leading AI and XR social nexus. This crucial funding will propel the platform's growth as it aims to enhance its AI-driven capabilities for creating dynamic virtual spaces.
Investment Details
- The funding round was led by Crypto.com.
- Other contributors included Spark Digital, MetaEstate, and more.
- SecondLive's total financing has now reached $15 million.
SecondLive’s Mission
With over 5 million registered users, SecondLive is at the forefront of harnessing GenAI to craft immersive virtual worlds. The platform supports a wide array of users, including crypto enthusiasts and creators. In addition, it provides customizable avatars and no-code creator tools, all contributing to its expansive digital community.
Future Prospects
According to Bill Qian, Chairman of Cypher Capital, SecondLive is redefining user interactions within the digital environments and spatial web. This partnership aligns with Cypher Capital's vision for pushing the boundaries of Web3 technologies.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.