Cypher Capital (a United Arab Emirates (UAE-based venture capital) firm) has launched a $100 million seed money that will provide funding for decentralized finance (defi), metaverse and gamefi projects.
Mentoring entrepreneurs
Cypher Capital, a United Arab Emirates-based venture capital company, announced recently that it launched a $100,000,000 seed fund. This will finance cryptocurrency and blockchain projects with real value propositions.
Unlock Media has published a report that explains how the VC firm plans to mentor Cypher Capital project entrepreneurs. Bijan Alizadeh is the founder of Cypher Capital and general partner. The report explains that they will provide entrepreneurs with all the resources necessary to be successful.
Alizadeh said that his venture capital firm plans to invest into crypto- and blockchain-related projects, which have already received funding from other venture capitalists. Alizadeh said that:
To collaborate and develop the ecosystem, we will work with innovative entrepreneurs and outstanding talent to build a global blockchain community.[s]The growth of the ecosystem.
Funding Also Open to ‘Innovative Blockchain Projects’
Vineet, Cypher Capital’s managing partner, was also mentioned in the report. He stated that only decentralized financial (defi), gamingfi, or the metaverse area are eligible for funding. However, Budki clarified that his company is “always on the lookout for innovative blockchain projects in general.”
The same report also states that Cypher Capital plans to finish construction on its Dubai digital asset hub, measuring 10,000 feet in area, sometime around August 2022. The hub, once completed will be open to crypto entrepreneurs and enthusiasts. Members have exclusive access.
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