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%20(2).jpg "SecondLive Secures $12M in Funding Round Led by Crypto.com, Fueling AI-Powered Metaverse Expansion")
[10:28 AM · Sep 30, 2024] – SecondLive, the leading AI and XR Social Nexus, has successfully closed a $12 million private funding round, bolstering its mission to build an expansive, user-generated metaverse powered by artificial intelligence. This latest investment brings SecondLive's total funding to $15 million, signifying strong confidence in the platform's innovative approach to virtual worlds and its potential to onboard the next wave of Web3 users.
The funding round was spearheaded by Crypto.com, a prominent global cryptocurrency exchange and platform, with significant participation from Cypher Capital, a multi-strategy crypto investment firm known for its focus on Web3 infrastructure. Additional contributions came from a consortium of investors, including Spark Digital, MetaEstate, TAISU Ventures, NewTribe Capital, BitValue Capital, Titans Ventures, Newave Capital, and CSP DAO.
SecondLive stands at the forefront of metaverse development, leveraging generative AI to create dynamic and immersive virtual spaces. These spaces cater to a diverse community of crypto enthusiasts, creators, AI aficionados, and business partners, bridging the gap between Web2 and Web3. With a registered user base exceeding 5 million and a burgeoning library of 1.81 million user-generated and AI-generated digital assets, SecondLive has established a vibrant ecosystem across eight major public blockchains, including BNB Chain, Ethereum, and TON.
Key features of SecondLive include:
- AI-powered world generation: Leveraging generative AI to create unique and evolving virtual environments.
- Customizable avatars: Enabling users to express their digital identities with personalized avatars.
- Interactive virtual spaces: Offering a platform for users to explore, socialize, and engage in various activities.
- No-code creator tools: Empowering users to create and share their own content within the metaverse.
- SecondLive Marketplace: Facilitating the trading of digital assets, fostering a creator economy.
"SecondLive is revolutionizing how users interact within digital environments and the spatial web," said Bill Qian, Chairman of Cypher Capital. "Their pioneering use of AI to create dynamic, user-generated virtual spaces aligns perfectly with Cypher Capital's vision for the future of Web3 and the spatial web."
This investment will enable SecondLive to further enhance its AI capabilities, expand its virtual world infrastructure, and bolster its social networking features. The focus will be on scaling the platform to accommodate large-scale events and fostering a thriving creator economy.
"We are delighted to partner with Cypher Capital and our other esteemed investors," said Olivia Gnemil, CMO of SecondLive. "Their expertise and support will be invaluable as we continue to innovate and expand our platform, driving the next wave of Web3 adoption."
About SecondLive:
SecondLive is an AI and XR social nexus, empowering users to explore their creativity and build a parallel digital universe. Backed by Binance Labs, the team specializes in creating large-scale virtual spaces and developing the infrastructure for the spatial web. SecondLive's mission is to build an open Web3 spatial web capable of serving up to 1 billion users. Learn more at [https://secondlive.world/].
About Cypher Capital:
Cypher Capital is a leading early-stage venture firm focused on investments in Web3 infrastructure and applications. With a commitment to environmental, social, and governance principles, Cypher Capital is shaping the future of digital currency, public markets, and Web3. Learn more at [https://cyphercapital.com/.
About Crypto.com:
Crypto.com is a leading cryptocurrency exchange and platform, providing a comprehensive suite of services for buying, selling, and managing digital assets. Learn more at [https://crypto.com/].
Compiled by CMO Intern team
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