Cypher Capital , a multi-strategy cryptocurrency investment company, has announced today its involvement in a $12 million private fundraising round for SecondLive , an AI-powered Web3 open Metaverse. With the help of Cypher Capital’s investment and this most recent funding, SecondLive will be able to maintain its rapid growth while concentrating on social network building and creator economic activities. SecondLive’s innovative AI-generation capability will be further enhanced, enabling it to create virtual spaces for large-scale events and the development of Metaverse infrastructure.

With further investments from Spark Digital, MetaEstate, TAISU Ventures, NewTribe Capital, BitValue Capital, Titans Ventures, Newave Capital, and CSP DAO, SecondLive’s total fundraising amounted to $15 million. Moreover, Crypto.com led the funding round.

SecondLive serves as a hubs for people living in the Metaverse, using generative AI to build social and immersive digital experiences. Eight prominent public chains, including BNB Chain, Ethereum, and TON, are covered by the platform, which has over 5 million registered users and 1.81 million UGC & AIGC digital assets.

Vineet Budki, CEO of Cypher Capital stated:

“SecondLive is revolutionizing the way users interact within digital environments and the Metaverse. They are at the forefront of utilizing AI to create dynamic, user-generated virtual spaces, opening up the future of Web3 to the Metaverse and a variety of applications that aligns with Cypher Capital’s vision for the future of Web3.”

With customized avatars, explorable virtual spaces, no-code creator tools, and the Scondlive Market for strading digital assets, SecondLive is at the forefront of Metaverse innovation thanks to its usage of AI inside diverse social and role-playing settings. The platform has the potential to spearhead the next wave of developments in digital identity and asset creation because to its large user base and strong technical foundation.

“We are thrilled to have Cypher Capital onboard as a key partner,” said XX from 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.”