• 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

Micron Stock Price Target Reaches $1500 Amid AI Memory Chip Boom

chest

Analysts are increasingly optimistic about Micron Technology's stock, with a price target of $1500 driven by strong earnings projections and demand for AI memory chips.

user avatarLi Weicheng

Marvell Technology Set to Join S&P 500 Index

chest

Marvell Technology is set to join the S&P 500 index on June 22, boosting investor confidence and stock prices.

user avatarAisha Farooq

Morpho Secures $175 Million Funding to Strengthen DeFi Position

chest

Morpho, a decentralized lending protocol, has raised $175 million in funding to strengthen its position in the DeFi space.

user avatarTenzin Dorje

Metaplanet Considers Share Repurchase Program Amid Bitcoin Price Decline

chest

Metaplanet, Japan's largest publicly traded Bitcoin treasury company, is considering a share repurchase program to enhance its Bitcoin yield per share as its market value falls below its Bitcoin holdings.

user avatarBayarjavkhlan Ganbaatar

BlackRock and XRP Ecosystem Connection Strengthens

chest

A documented link between BlackRock and Ripple's ecosystem has emerged, highlighting the role of Wormhole in facilitating interoperability.

user avatarMohamed Farouk

ZachXBT Raises Concerns Over Humanity Protocol Incident

chest

ZachXBT raises concerns about the Humanity Protocol incident, suggesting it may be a staged exit rather than a genuine hack, impacting the project's credibility.

user avatarElias Mukuru

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.