Cypher Capital Launches $100 Million Fund for Blockchain and Cryptocurrency Projects

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2022-03-31 11:35:30

Cypher Capital is known as a venture capital (VC) company based in the UAE. The company recently announced the launch of a $100 million seed fund. This money will be used mainly for decentralized finance (defi), gamefi and metaverse projects.

Cypher Capital

The UAE-based venture capital firm has announced the launch of a $100 million fund with the goal of funding Blockchain and cryptocurrency projects. Projects will be invested if there are value propositions.

Cypher Capital is engaged in mentoring company-sponsored project leaders. More than that, the company will provide these people with the necessary tools to assist them in the project implementation.

Bijan Alizadeh, founder and general partner at Cypher Capital has revealed that his company is planning to invest in blockchain and crypto projects. Most of these projects have received support from other venture capitalists. Alizadeh shared:

“We look forward to being able to collaborate and expand the ecosystem by working with startups who are visionary and talented. Additionally, we also hope to work with other venture capital partners to create an inclusive blockchain community. From the cooperation, I hope to be able to promote the development of the ecosystem.”

Cypher Capital’s managing partner Vineet Budki confirmed that only projects in areas such as decentralized finance (defi), gamefi and metaverse will receive funding. However, Budki also explained that the company also pays close attention to innovative blockchain projects in general.

It is widely reported that Cypher Capital plans to build a 10,000 square foot digital asset hub in Dubai by August 2022. Once the process is complete, the center will be open to enthusiasts Cryptocurrency enthusiasts and entrepreneurs participate. Participants will be granted exclusive access.

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