• 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

Pepe Cryptocurrency Experiences Surge in Whale Transactions

chest

Pepe cryptocurrency has seen a 61% increase in Whale Transaction Count, indicating heightened interest from large investors.

user avatarLucas Weissmann

Amundi Introduces Tokenized Overnight Swap Fund SAFO

chest

Amundi, Europe's largest asset manager, has launched the Spiko Amundi Overnight Swap Fund SAFO, a tokenized fund on Ethereum and Stellar with approximately 100 million in committed assets.

user avatarFilippo Romano

US Economic Growth to Average 1.7% Over Next 30 Years, CBO Reports

chest

The Congressional Budget Office forecasts a significant decline in US economic growth, averaging only 1.7% annually over the next three decades.

user avatarEmily Carter

Supply Gap Identified in Bitcoin's UTXO Realized Price Distribution

chest

A significant supply gap has been identified in Bitcoin's UTXO Realized Price Distribution between the 72,000 and 82,000 levels, indicating limited supply that may act as resistance for price movements.

user avatarTomas Novak

Canada Intensifies Crypto Enforcement After Major Fines

chest

Canada's financial authorities are intensifying enforcement actions against cryptocurrency businesses following significant penalties imposed on platforms like Cryptomus and KuCoin.

user avatarKaterina Papadopoulou

Elon Musk's Dogefather Meme Revival Ignites Dogecoin Enthusiasm

chest

Elon Musk revives his Dogefather meme, sparking renewed enthusiasm for Dogecoin among the crypto community.

user avatarMaya Lundqvist

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.