Image default
Blockchain

Cypher Capital Rolls Out Worth $100m Blockchain and Digital Assets Fund

To increase the blockchain ecosystem, UAE-based enterprise capital agency Cypher Capital has launched a $100 million seed fund with a particular curiosity in digital asset investments. 

The fund to be financed by Bijan Alizadeh, the agency’s founder, will likely be pumped into tasks in decentralized finance (DeFi), metaverse, and blockchain gaming sectors. 

Cypher Capital plans to create a holistic blockchain neighborhood by collaborating with excellent expertise, visionary innovators, and different enterprise capital companions to make a major distinction.

Alizadeh famous:

“We will collaborate closely with our portfolio projects, offering them access to our network and equipping them with our knowledge, as well as investing alongside other venture capital partners into innovative blockchain, crypto, and digital asset projects.” 

With an property underneath administration (AUM) portfolio of $10 million, Cypher Capital plans to roll out between $2 million and $5 million on common every month with preliminary investments in South Asia, North Africa, and the Middle East areas. 

Vineet Budki, a managing companion at Cypher Capital, said:

“We have the knowledge and expertise to mentor projects and entrepreneurs and equip them with the tools they need for success. At the moment, we are especially interested in projects in the DeFi, GameFi, and metaverse space, but we are always on the lookout for innovative blockchain projects in general.”

The agency additionally intends to create a digital asset, blockchain, and crypto hub to attach startups with potential traders.

Earlier this week, Bridgewater Associates, the world’s largest hedge fund, introduced plans to again a crypto fund for the primary time. 

Venture funding, together with pre-seed and seed, has hit $3.4 billion up to now this yr, in keeping with Crunchbase information. This sector has skilled vital development, on condition that crypto firms raised $34 billion in 2021, per a PWC report. 

Image supply: Shutterstock

Related posts

El Salvador’s Nayib Bukele Foresees “Gigantic Price Increase” in Bitcoin

Crypto Advisor

Congress Questions Coinbase, FTX, Binance, Kraken in Crypto Fraud Crackdown

Crypto Advisor

Kraken Exchange Acquires Non-Custodial Staking Platform Staked

Crypto Advisor

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

bitcoin
Bitcoin (BTC) $ 20,240.42 8.12%
ethereum
Ethereum (ETH) $ 1,388.58 8.04%
tether
Tether (USDT) $ 0.99879 0.11%
usd-coin
USD Coin (USDC) $ 0.998059 0.07%
bnb
BNB (BNB) $ 285.54 5.17%
binance-usd
Binance USD (BUSD) $ 1.00 0.08%
cardano
Cardano (ADA) $ 0.459423 4.68%
xrp
XRP (XRP) $ 0.479602 2.63%
polkadot
Polkadot (DOT) $ 6.77 8.86%
solana
Solana (SOL) $ 34.84 8.86%
shiba-inu
Shiba Inu (SHIB) $ 0.000011 4.93%
dogecoin
Dogecoin (DOGE) $ 0.062627 3.69%
staked-ether
Lido Staked Ether (STETH) $ 1,378.48 7.71%
matic-network
Polygon (MATIC) $ 0.777515 6.43%
tron
TRON (TRX) $ 0.060405 2.24%
dai
Dai (DAI) $ 1.00 0.14%
avalanche-2
Avalanche (AVAX) $ 18.15 6.50%
ethereum-classic
Ethereum Classic (ETC) $ 29.14 4.94%
leo-token
LEO Token (LEO) $ 4.39 7.25%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 20,203.41 7.93%
uniswap
Uniswap (UNI) $ 6.48 16.26%
litecoin
Litecoin (LTC) $ 55.12 4.84%
cosmos
Cosmos Hub (ATOM) $ 14.41 2.74%
okb
OKB (OKB) $ 15.72 5.69%
ftx-token
FTX (FTT) $ 25.03 7.39%
terra-luna
Terra Luna Classic (LUNC) $ 0.0003 60.91%
near
NEAR Protocol (NEAR) $ 3.77 5.82%
chainlink
Chainlink (LINK) $ 8.33 11.00%
crypto-com-chain
Cronos (CRO) $ 0.116972 5.45%
monero
Monero (XMR) $ 152.27 8.39%
stellar
Stellar (XLM) $ 0.115362 0.35%
bitcoin-cash
Bitcoin Cash (BCH) $ 119.24 4.89%
algorand
Algorand (ALGO) $ 0.370188 1.81%
flow
Flow (FLOW) $ 1.72 7.58%
vechain
VeChain (VET) $ 0.02379 8.40%
eos
EOS (EOS) $ 1.22 6.55%
internet-computer
Internet Computer (ICP) $ 6.39 10.05%
filecoin
Filecoin (FIL) $ 6.06 7.99%
chain-2
Chain (XCN) $ 0.073122 2.03%
frax
Frax (FRAX) $ 0.994073 0.18%
hedera-hashgraph
Hedera (HBAR) $ 0.061295 4.25%
decentraland
Decentraland (MANA) $ 0.7221 5.42%
apecoin
ApeCoin (APE) $ 5.71 2.77%
the-sandbox
The Sandbox (SAND) $ 0.881985 5.13%
tezos
Tezos (XTZ) $ 1.54 7.69%
quant-network
Quant (QNT) $ 125.45 5.76%
axie-infinity
Axie Infinity (AXS) $ 12.81 5.32%
aave
Aave (AAVE) $ 79.56 9.05%
lido-dao
Lido DAO (LDO) $ 1.70 10.47%
elrond-erd-2
Elrond (EGLD) $ 47.92 4.85%
theta-token
Theta Network (THETA) $ 1.13 6.45%
true-usd
TrueUSD (TUSD) $ 1.00 0.24%
chiliz
Chiliz (CHZ) $ 0.258902 4.67%
bitcoin-sv
Bitcoin SV (BSV) $ 52.01 6.31%
compound-usd-coin
cUSDC (CUSDC) $ 0.022605 0.31%
paxos-standard
Pax Dollar (USDP) $ 1.00 0.11%
kucoin-shares
KuCoin (KCS) $ 9.28 5.04%
bittorrent
BitTorrent (BTT) $ 0.00000080009337 3.19%
ecash
eCash (XEC) $ 0.000042 6.62%
the-graph
The Graph (GRT) $ 0.10536 6.22%
iota
IOTA (MIOTA) $ 0.309649 1.63%
zcash
Zcash (ZEC) $ 60.52 6.47%
huobi-btc
Huobi BTC (HBTC) $ 20,172.40 7.86%
usdd
USDD (USDD) $ 1.00 0.15%
huobi-token
Huobi (HT) $ 4.49 2.17%
evmos
Evmos (EVMOS) $ 1.91 1.02%
havven
Synthetix Network (SNX) $ 2.41 6.25%
cdai
cDAI (CDAI) $ 0.022024 0.30%
maker
Maker (MKR) $ 757.06 11.93%
bitdao
BitDAO (BIT) $ 0.477037 2.56%
klay-token
Klaytn (KLAY) $ 0.208378 5.48%
neutrino
Neutrino USD (USDN) $ 0.958915 0.86%
fantom
Fantom (FTM) $ 0.235679 6.27%
compound-ether
cETH (CETH) $ 27.77 6.92%
neo
NEO (NEO) $ 9.42 16.04%
helium
Helium (HNT) $ 4.79 4.40%
gatechain-token
Gate (GT) $ 4.29 2.29%
defichain
DeFiChain (DFI) $ 0.786142 3.16%
radix
Radix (XRD) $ 0.059201 0.89%
celsius-degree-token
Celsius Network (CEL) $ 1.51 7.06%
pax-gold
PAX Gold (PAXG) $ 1,625.22 0.12%
pancakeswap-token
PancakeSwap (CAKE) $ 4.77 4.77%
thorchain
THORChain (RUNE) $ 1.67 6.97%
osmosis
Osmosis (OSMO) $ 1.20 1.01%
zilliqa
Zilliqa (ZIL) $ 0.032818 6.35%
enjincoin
Enjin Coin (ENJ) $ 0.482743 7.12%
nexo
NEXO (NEXO) $ 0.954509 4.65%
arweave
Arweave (AR) $ 9.82 7.16%