Cypher Capital invests $12 million in SecondLive for Web3 platform development

From Investing.com

September 30, 2024 06:38:45 AM:

Cypher Capital invests in SecondLive’s $12 million funding round for their Web3 open Metaverse platform powered by AI. The round, led by Crypto.com, boosts SecondLive’s total funding to $15M. SecondLive plans to enhance its infrastructure for large-scale events and creator activities. The platform has 5M users and operates across eight blockchain networks.

SecondLive, valued at $30M in 2021, previously received seed funding from Binance Labs. Cypher Capital’s CEO praises SecondLive for revolutionizing user interactions in the Metaverse with AI-generated virtual spaces. Cypher Capital supports early-stage blockchain projects, emphasizing DeFi, NFTs, and Web3 innovations for blockchain adoption and growth.

Cypher Capital brings strategic support and funding to emerging blockchain projects like SecondLive. Their portfolio includes investments in various projects aiming to advance blockchain technology and Web3 adoption. With a focus on supporting growth and innovation in the blockchain space, Cypher Capital plays a key role in shaping the future of Web3 and the Metaverse.

Read more at Investing.com: Cypher Capital joins $12 million funding round for SecondLive By Investing.com