• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Sigma Capital Announced $100M Fund Launch to Promote Web3 Globally

user avatar

by Giorgi Kostiuk

a year ago

Sigma Capital, a leading Web3 venture firm, announced the launch of a $100 million fund to boost Web3 innovations in the UAE and worldwide.

Fund Goals and Directions

The fund will focus on early-stage venture investments in areas such as DeFi, blockchain infrastructure, asset tokenization, gaming, and the metaverse. Sigma Capital will actively manage a portfolio of liquid tokens and leverage high-yield strategies.

Fund Leadership and Team Expertise

Vineet Budki, a recognized leader in Web3, will lead the fund. His experience includes over 300 investments in high-profile projects. Sigma Capital's team has extensive experience in blockchain investments and has partnered with reputed players.

We envision a digital economy that is more open, inclusive, and innovative. The UAE's dynamic economy and forward-thinking regulation provide the perfect backdrop for Web3 innovation.Vineet Budki

Strategic Cooperation and Prospects

Sigma Capital plans to deploy investments across 100 projects, 25 liquid tokens, and 10 fund allocations over three years. The firm will leverage its network for access to key exchanges and leaders.

The launch of Sigma Capital’s $100 million fund is a testament to his expertise and the UAE’s emergence as a global hub for blockchain innovation.Sandeep Naliwal

Sigma Capital’s fund launch highlights the UAE's role as a hub for Web3 and blockchain innovation, committed to empowering startups and the UAE's vision for a decentralized economy.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Chainlink's Smart Value Recapture Solution Dominates DeFi Market

chest

Chainlink's Smart Value Recapture (SVR) solution has rapidly gained a 99% market share in capturing oracle-related Maximal Extractable Value (MEV) within the DeFi ecosystem.

user avatarMaria Fernandez

Chainlink Staking Ecosystem Approaches Pivotal Moment Amid Regulatory Clarity

chest

The Chainlink staking ecosystem may expand significantly if the Clarity Act provides the necessary legal framework for revenue sharing with stakers.

user avatarGustavo Mendoza

Rep. Nick Begich Proposes New Legislation for Bitcoin Reserve

chest

Rep. Nick Begich introduced the American Reserve Modernization Act (ARMA) to establish a federal strategic reserve for Bitcoin, aiming to fulfill a campaign promise of President Trump and provide a legal framework for digital assets.

user avatarRajesh Kumar

Chainlink's Price Stabilization Efforts Amid Market Pressure

chest

Chainlink shows signs of stabilization around the 920 support level despite trading pressures.

user avatarMiguel Rodriguez

Chainlink Faces Price Decline Amidst Unprecedented Network Activity

chest

Chainlink's price has dropped below the 10 mark, despite a significant spike in active addresses indicating unusual network activity.

user avatarLuis Flores

New Bitcoin Buying Opportunities Emerge After MVRV Shift

chest

Recent analysis indicates that the Bitcoin MVRV ratio has dropped, suggesting new buying opportunities for investors.

user avatarArif Mukhtar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.