UAE based Cypher Capital multi-strategy crypto investment firm, participated 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.
Recently Cypher Capital also invested in an AI and Blockchain startup called SxT ( Space and Time).
