Cypher Capital Invests $12 Million in SecondLive Metaverse Platform: AI-Powered Web3 Innovation
In a groundbreaking move, crypto investment firm Cypher Capital has joined a $12 million private funding round for SecondLive, a cutting-edge Web3 open Metaverse platform driven by artificial intelligence. The announcement, made on Monday, highlights the growing interest in the Metaverse space and the potential for AI-driven virtual experiences.
Leading the funding round is Crypto.com, with contributions from Spark Digital, MetaEstate, TAISU Ventures, and other prominent investors. This infusion of capital brings SecondLive's total funding to $15 million, setting the stage for significant growth and expansion in the coming months.
SecondLive's innovative use of generative AI technology allows for the creation of immersive virtual spaces and social interactions within the Metaverse. With over 5 million registered users and 1.81 million digital assets generated by users and AI, the platform operates across multiple blockchain networks, positioning itself as a key player in the evolving Web3 landscape.
The funding will be utilized to enhance SecondLive's infrastructure for large-scale events, expand social networks, and support creator economic activities, signaling a new chapter in the platform's development. As the company continues to innovate and grow, its partnership with Cypher Capital is expected to bring valuable insights and expertise from the crypto industry.
SecondLive's valuation reached $30 million in 2021 following initial seed funding from Binance Labs, underscoring the platform's potential for growth and impact in the Metaverse space. With a strong focus on AI-driven virtual experiences, SecondLive is poised to revolutionize user interactions within digital environments, paving the way for the future of Web3 adoption.
Cypher Capital, known for backing early-stage blockchain projects, provides not only funding but also strategic support to innovative ventures in areas such as DeFi, NFTs, infrastructure, and Web3. With a diverse portfolio of investments in projects like Ton, Berachain, and zkPass, Cypher Capital is at the forefront of driving blockchain adoption and innovation.
In conclusion, the partnership between Cypher Capital and SecondLive represents a significant milestone in the evolution of the Metaverse and Web3 technologies. By leveraging AI and blockchain networks, SecondLive is reshaping the digital landscape and opening up new possibilities for users worldwide. As the Metaverse continues to gain traction, investments in innovative platforms like SecondLive are poised to yield substantial returns and drive the future of digital interactions.
