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BuzzAR, an AI company based in Singapore and Saudi Arabia, has partnered with leading venture capital firm Cypher Capital to create a disruptive AI+LBS Web3 location-based game project with a $1 million seed investment.
The partnership will enable the two companies to leverage proprietary generative artificial intelligence technology on its Metaport, a portal that converts faces into avatars in real time, to create a decentralized social graph. With Singapore and Saudi Arabia leading retail holdings, hotel partners and tourism governments collaborating, BuzzAR is poised to reshape the game.
In the announcement, Bell Beh, founder of BuzzAR, commented: “We are delighted to partner with Cypher Capital to advance BuzzAR’s LBS Metaverse project, the ‘DSpace’ project. Our goal is to provide an integrated Metaverse solution to meet unique needs and the aspirations of these countries, and we believe our partnership with Cypher Capital is an excellent opportunity to make this happen.”
Multiverse Solutions
She added: “In support of Saudi Arabia’s National Tourism Strategy and other regional strategic initiatives, Project DSpace will deliver an immersive and culturally diverse Metaverse solution that promises to bring merchants and users together in revolutionary new ways. “
Bill Qian, Chairman of Cypher Capital Group, the main investor of “DSpace”, said: “We are pleased to support this groundbreaking joint initiative of BuzzAR and some of our game portfolio. As the main investor of this project, we believe that “DSpace” has Could revolutionize the gaming industry and pave the way for new opportunities in the AI+LBS Web3 Metaverse. I am more confident than ever that we are committed to creating an immersive and culturally diverse Metaverse that will not only promote the Middle East We are at the forefront of this exciting new era, and I eagerly look forward to the transformative impact Dspace will have on our world.” — trade arab news agency
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