Sipher
- Company typePrivate
- Founded2021
- HeadquartersHo Chi Minh City, Vietnam
- Headcount101–250
- GTM typeB2C
- OfferingSoftware
Sipher firmographics
Firmographics- Name
- Sipher
- Legal name
- AVENTIX LIMITED
- Website
- https://playsipher.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Sipher industry classification
Industry- Product category
- Blockchain Gaming
- akta.pro primary industry
- Guilds, Scholarship & Player Networks (asset renting, delegation, communities) (FSAPAGAI)
- akta.pro secondary industries
- Gaming NFTs & In-Game Asset Marketplaces (FSADANAF), Creator Monetization & Fan Funding (Subscriptions, Tips, Memberships, Patronage) (MPAFAEAB), Player Wallets, Identity & Accounts for Games (embedded wallets, SSO, DID) (FSAPAGAF), NFT Trading, Liquidity & Financialization (AMMs, lending, fractionalization, derivatives) (FSAPAFAG)
Keywords
Where Sipher is headquartered
LocationHeadquarters
- HQ city
- Ho Chi Minh City
- HQ country
- Vietnam
- HQ region
- Asia
Offices4 records
Markets served
Sipher business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- In-Game Purchases and NFT Transactions: Revenue from NFT sales, gear purchases, and in-game item transactions through the marketplace. Players can buy, sell, and trade equipment, vessels, and weapons. Genesis NFTs migrated to Funki Chain with full tradability.
- $SIPHER Token Ecosystem: Value accrues back to $SIPHER holders across all products and future titles. Token distribution from seed investor allocations generating ecosystem value.
- Gaming Content and Events: Event Pass purchases, limited-time cosmetics, gear sets, and seasonal content. Christmas Event Pass with exclusive rewards, anniversary collections.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Weekly | Creator Rewards - Selected Entries |
| Other | Weekly | Creator Rewards - Mid-tier Content |
| Other | Weekly | Creator Rewards - Top Performers |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Sipher product offering
Product offeringCore offering
Sipher develops and operates Sipher Odyssey, a free-to-play mobile (iOS/Android) and PC roguelite action RPG dungeon-crawler where players use NFT-based "Vessel" characters to battle through dungeons, build Augment decks, join guilds, and trade in-game assets. The studio surrounds this game with the SipherAGI ecosystem: GAIA (an AI platform powering AI Hunt and AI Boss Hunt modes), Funki Chain (its own Ethereum Layer-2 on the OP Stack for low-fee NFT and token transactions), and the $SIPHER token that links value across multiple planned game titles. Revenue comes from in-game purchases, event passes, NFT sales, and marketplace transaction fees.
Product overview
Sipher (operated by Ather Labs / Aventix Limited) is a blockchain gaming ecosystem centered on Sipher Odyssey, a mobile roguelite action RPG dungeon-crawler ARPG for iOS, Android, and PC. The broader SipherAGI ecosystem spans three pillars: GAIA (an AI platform powering gameplay features such as AI Hunt and AI Boss Hunt), Gaming (Sipher Odyssey, Sipher Strife, and an untitled soulslike game in development), and Infrastructure (Funki Chain, a proprietary Ethereum Layer-2 on the OP Stack). The ecosystem is tied together by the $SIPHER token, with in-game NFT assets and a marketplace on Funki Chain. Supplementary brand properties include Sipher Wiki (community knowledge base), AtherXplorer (weekly newsletter), AtherXperiment (blog), and the Ather Atlas careers portal. The studio completed a $6.8M seed round in October 2021.
Differentiator
Problem solved
Functional benefit
Products and services
- Sipher Odyssey Flagship free-to-play roguelite action RPG dungeon-crawler ARPG for Android, iOS, and PC. Players explore Sipheria using NFT-based Vessels, build Augment Decks from gear and characters, join guilds, and play PvP Arena, AI Hunt, and Boss Hunt modes with tokenomics tied to the $SIPHER ecosystem token.
- Sipher Odyssey Web Shop Web-based storefront for Sipher Odyssey enabling NFT deposits and withdrawals, gift code redemption, and in-game asset purchases, accessible via AtherLab ID and wallet signature on Funki Chain.
Quantifiable outcome
- Multi-year runway secured in challenging Web3 gaming market
Companies that use Sipher
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Sipher technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature6 records
Sipher partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- AtherLabscoreParent company overseeing Sipher ecosystem including Sipher Odyssey, SipherAGI, GAIA AI platform, and Funki Chain. AtherLabs provides unified brand identity and infrastructure across the gaming ecosystem.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Sipher competitors and assessment
Company assessmentDirect peers
- Sky Mavis (Axie Infinity): Vietnam-based Web3 gaming studio behind Axie Infinity, the most prominent GameFi title. Direct peer on geography, business model (NFT + token + free-to-play ARPG/MMO), and target audience of midcore Web3 gamers.
- Big Time Studios: Web3-native action RPG/MMO studio with NFT-based cosmetic economy and free-to-play model. Closest direct competitor to Sipher Odyssey on genre (multiplayer dungeon-crawler ARPG) and Web3 economic structure.
- Mythical Games: Web3 gaming studio (NFL Rivals, Blankos Block Party) operating its own Mythos Chain L2 and marketplace for NFT-driven game economies. Highly comparable on the three-pillar AI/Gaming/Infrastructure thesis and Funki Chain-style proprietary L2 strategy.
- Illuvium: Web3 open-world RPG and auto-battler with a deep NFT economy and the ILV token. Comparable on ARPG genre, NFT-bearing characters, and yield/quest-driven secondary economy design.
- Limit Break (DigiDaigaku): Web3 gaming studio behind DigiDaigaku and its broader gaming ecosystem. Comparable as a venture-backed Web3 gaming studio building NFT-native titles with tokenized economies.
- Star Atlas: Web3 space MMO with deep NFT-based ship/fleet economy and ATLAS/POLIS dual-token model. Comparable on NFT-bearing in-game assets, dual-token design, and AAA-quality ARPG-adjacent ambitions.
Broad incumbents
- Sandbox (Animoca Brands): Animoca-owned Web3 virtual world and UGC gaming platform with SAND token and a broad NFT marketplace. Comparable on Web3 creator economy and tokenized in-game assets, though broader and metaverse- rather than ARPG-focused.
- Yuga Labs (Otherside): Web3 gaming/metaverse platform leveraging BAYC/Mayc IP with Otherside as a flagship MMO. Comparable on NFT-native gaming with deep on-chain asset integration and significant venture backing.
Others
- Immutable: Web3 gaming infrastructure provider (Immutable zkEVM, Immutable X) and ecosystem backer of titles like Gods Unchained and Illuvium. Comparable as an L2/infra-plus-token ecosystem play supporting third-party Web3 games.
- BITKRAFT Ventures: Gaming-focused venture fund that is both a Sipher investor and a broader Web2/Web3 gaming ecosystem backer. Relevant as a peer investor and ecosystem node rather than a direct product competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Sipher social profiles
Digital presenceSipher financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sipher leadership team
Management profileNumber of profiles
Profiles8 records
Sipher funding detail
Funding detailFunding overview
Funding rounds1 record
Investors20 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sipher M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sipher
What does Sipher do?
Sipher develops and operates Sipher Odyssey, a free-to-play mobile (iOS/Android) and PC roguelite action RPG dungeon-crawler where players use NFT-based "Vessel" characters to battle through dungeons, build Augment decks, join guilds, and trade in-game assets. The studio surrounds this game with the SipherAGI ecosystem: GAIA (an AI platform powering AI Hunt and AI Boss Hunt modes), Funki Chain (its own Ethereum Layer-2 on the OP Stack for low-fee NFT and token transactions), and the $SIPHER token that links value across multiple planned game titles. Revenue comes from in-game purchases, event passes, NFT sales, and marketplace transaction fees.
Is Sipher a public or private company?
Sipher is a private company. It is classified as venture growth investor backed and is currently operating.
When was Sipher founded?
Sipher was founded in 2021. It employs 101 to 250 people.
Where is Sipher based?
Sipher is headquartered in Ho Chi Minh City, Vietnam, in the Asia region.
How does Sipher make money?
Three revenue lines are on record. In-Game Purchases and NFT Transactions are the primary driver. The others are $SIPHER Token Ecosystem and gaming Content and Events.
Who are Sipher's main competitors?
Direct peers on record are Sky Mavis (Axie Infinity), Big Time Studios, Mythical Games, Illuvium, Limit Break (DigiDaigaku) and Star Atlas. Broad incumbents are Sandbox (Animoca Brands) and Yuga Labs (Otherside). Others are Immutable and BITKRAFT Ventures.
Does Sipher have an API?
No public API is recorded for Sipher.
What industry is Sipher in?
Sipher's product category is Blockchain Gaming. Its primary akta.pro industry code is FSAPAGAI, Guilds, Scholarship & Player Networks (asset renting, delegation, communities), with a secondary code of FSADANAF, Gaming NFTs & In-Game Asset Marketplaces.