• 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

Kraken Enhances Trading with New Open Source Tools

chest

Kraken has launched an open-source command-line interface and Model Context Protocol server to enhance AI integration in trading.

user avatarSon Min-ho

Bitcoin Miners Face $50 Billion Capital Challenge in AI Hosting Transition

chest

Bitcoin miners are shifting towards AI hosting to diversify revenue, but face significant capital requirements, according to VanEck.

user avatarAyman Ben Youssef

Federal Reserve Implements Strict Editorial Policy

chest

The Federal Reserve has introduced a new editorial policy that focuses on accuracy, relevance, and impartiality in its communications.

user avatarTando Nkube

Satori Finance to Cease Operations Amid Crypto Market Decline

chest

Satori Finance, a decentralized perpetual futures exchange, is ceasing operations due to financial difficulties amid a declining crypto market.

user avatarKofi Adjeman

GLAAD Urges Stronger Oversight in AI to Protect LGBTQ Rights

chest

GLAAD calls for stronger industry accountability and regulatory oversight in AI development to protect LGBTQ communities.

user avatarSatoshi Nakamura

GLAAD Report Warns of AI's Threat to LGBTQ Rights

chest

A new report from GLAAD warns that artificial intelligence is amplifying anti-LGBTQ bias and misinformation, affecting various sectors including healthcare and employment.

user avatarNguyen Van Long

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.