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UAE Venture Capital Firm Launches $100 Million Seed Fund for Blockchain and Crypto Projects – Emerging Markets Bitcoin News

Cypher Capital, a United Arab Emirates (UAE)-based enterprise capital (VC) agency, has introduced the launch of a $100 million seed fund that can primarily avail funding to decentralized finance (defi), gamefi, and metaverse tasks.

Mentoring of Entrepreneurs

A United Arab Emirates (UAE)-based enterprise capital agency, Cypher Capital, lately introduced it has launched a $100 million seed fund whose goal is to finance blockchain and crypto tasks with real worth propositions.

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As defined in a report revealed by Unlock Media, the VC agency is planning to be concerned within the mentoring of entrepreneurs who run tasks that are funded by Cypher Capital. As well as, the agency will to equip the entrepreneurs with the instruments they should succeed, Bijan Alizadeh, founder and normal associate at Cypher Capital, is quoted within the report explaining.

Alizadeh additionally revealed that his firm plans to spend money on blockchain and crypto tasks which have obtained assist from different enterprise capitalists. He stated:

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