Singapore and Saudi Arabia-based AI company BuzzAR is partnering 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 their proprietary generative AI technology in Metaport, a portal that transforms human faces into avatars in real time, to create a decentralized social graph. BuzzAR is poised to reshape the gaming landscape with the help of leading retailers, hospitality partners and tourism governments in Singapore and Saudi Arabia.
Commenting on the announcement, BuzzAR founder Bell Beh said: We believe that working with Cypher Capital is the perfect opportunity to do just that. ”
Diverse metaverse solutions
She added: “Project DSpace, which supports Saudi Arabia’s National Tourism Strategy and other regional strategic plans, is expected to provide an immersive and culturally diverse metaverse solution, connecting merchants and users in innovative new ways. .”
Bill Qian, chairman of Cypher Capital Group, a major investor in DSpace, said: As a major 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. We are more confident than ever that our commitment to creating an immersive and culturally diverse metaverse will not only foster tourism and economic growth in the Middle East, but also foster global connectivity and collaboration. We are at the forefront of this exciting new era. I am very excited about the transformative impact that Dspace will have on our world.
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