AI Avatar Firm BuzzAR Partners Cypher Capital to Develop Web3 Games May 24, 2023 May 24, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsMay 24, 2023 by Kelly Cromley

AI Avatar Firm BuzzAR Partners Cypher Capital to Develop Web3 Games

BuzzAR, a Singapore and Saudi Arabia-based AI avatar enterprise, has collaborated with Cypher Capital, a venture capital firm in the Middle East, to develop innovative AI Web3 location-based gaming projects. The collaboration between the two firms will allow them to utilize their exclusive generative AI technologies on Metaport, a platform that instantly transforms human characteristics into avatars, to create a decentralized social graph.

BuzzAR is strategically positioned to transform the gaming industry through its retail assets, partnerships with hospitality establishments, and collaborations with tourism authorities in Singapore and Saudi Arabia.

Bell Beh, the founder of BuzzAR, expressed his excitement about partnering with Cypher Capital to advance BuzzAR’s LBS Metaverse project, known as initiative DSpace. Our goal is to offer a comprehensive Metaverse solution that is customized to meet the unique needs and goals of these countries. We are confident that our collaboration with Cypher Capital presents the perfect chance to achieve this objective.

She stated that Project DSpace is expected to offer an immersive and culturally diverse Metaverse solution that will bring merchants and users together in a revolutionary new way, in support of Saudi Arabia’s national tourism strategy and other regional strategic plans.

The primary investor in DSpace, Cypher Capital Group’s Chairman, Bill Qian, expressed his satisfaction in endorsing the innovative joint venture between BuzzAR and some of their gaming portfolios. As the main investor of the project, we are of the opinion that DSpace holds the capability to bring about a significant transformation in the gaming sector and pave the way for fresh prospects in the AI+LBS Web3 Metaverse.

“I am highly confident that our commitment to establishing an engaging and inclusive Metaverse will not only enhance tourism and economic growth in the Middle East, but also foster worldwide connectivity and cooperation. We are leading the way in this exciting new era, and I eagerly anticipate the transformative impact of Dspace on our society.”

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.