May 20, 2024
Business

BuzzAR And Cypher Capital Announce New AI-Web3 Metaverse Project

Dubai, United Arab Emirates –May 4, 2023: Singapore and Saudi Arabia-based AI avatar company BuzzAR has announced its partnership with Cypher Capital, a leading venture capital firm in the Middle East, to create disruptive AI+LBS Web3 location-based game projects. The partnership will allow the companies to leverage proprietary generative AI technologies on its Metaport, a portal that turns human faces to avatars in real-time, to create a decentralized social graph. With leading retail holdings, hospitality partners, and tourism government collaborations in Singapore and Saudi Arabia, BuzzAR is poised to reshape the gaming landscape.

On the announcement, Founder of BuzzAR, Bell Beh, commented: “We are delighted to be partnering with Cypher Capital to propel BuzzAR’s LBS Metaverse project, Project ‘DSpace’. Our goal is to provide an integrated Metaverse solution tailored to the unique needs and aspirations of these countries, and we believe that our collaboration with Cypher Capital is the perfect opportunity to do so.”

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

Bill Qian, Chairman of Cypher Capital Group: the lead investor on ‘DSpace’ said: “We are thrilled to support this ground-breaking joint initiative by BuzzAR and some of our gaming portfolios. As the lead investor in this project, we believe that ‘DSpace’ has the potential to revolutionize the gaming industry and pave the way for new opportunities in the AI+LBS Web3 Metaverse. I am more confident than ever before that our commitment to creating an immersive and culturally diverse Metaverse will not only bolster tourism and economic growth in the Middle East but also foster global connectivity and collaboration. We stand at the forefront of this exciting new era, and I eagerly anticipate the transformative impact Dspace will have on our world.”

To learn more about DSpace, visit the website at www.d-space.io or visit the Twitter profile, @Dspace_DAO.

Last Updated on 1 year by Middle East News 247

    Middle East News 247

    Middle East News 247 delivers trending business and lifestyle news and essential infotainment for, and from the Middle East region, with key focus on the GCC nations: United Arab Emirates (UAE), Saudi Arabia, Qatar, Bahrain, Kuwait, and Oman.
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