Cypher Capital Invests in SecondLive's Metaverse Expansion

Cypher Capital's Strategic Investment

Cypher Capital has joined a $12 million funding round for SecondLive, a Web3 Metaverse platform leveraging artificial intelligence. This round was led by Crypto.com, with contributions from several other investors. The new funding elevates SecondLive’s total financial backing to $15 million, enabling the platform to enhance its infrastructure and expand its reach.

SecondLive's Vision for the Metaverse

SecondLive utilizes generative AI to craft immersive virtual spaces and social experiences within the Metaverse. The platform aims to use the recent investment to support large-scale events, grow social networks, and empower the creator economy. With over 5 million users and 1.81 million digital assets, SecondLive spans eight major blockchain networks, including BNB Chain, Ethereum, and TON.

Historical Growth and Future Prospects

In 2021, SecondLive achieved a $30 million valuation, supported by seed funding from Binance Labs. The platform is recognized for transforming user interactions in digital environments, positioning itself at the forefront of AI-driven virtual spaces. This aligns with Cypher Capital’s vision for the future of Web3 and the Metaverse.

Cypher Capital's Role in Blockchain Innovation

Cypher Capital is renowned for backing early-stage blockchain initiatives, focusing on sectors like DeFi, NFTs, and Web3 infrastructure. The firm provides comprehensive support, from financial tools to market insights and strategic consulting. Its investment portfolio includes projects such as Ton, Solana, Sui, and more, demonstrating a commitment to advancing blockchain adoption globally.