The Dubai-based venture capital firm said it plans to invest in 100 early-stage Web3 projects, 25 liquid tokens and 10 fund-of-fund allocations.
Cryptocurrency venture capital firm Sigma Capital has launched a $100 million investment fund, tipping plans to invest in Web3 startups across the United Arab Emirates and globally.
According to the announcement, the capital will be used to invest in early-stage Web3 companies and liquid tokens in the decentralized finance, blockchain infrastructure, metaverse, gaming and real-world asset (RWA) tokenization markets.
The capital will also be used for fund-of-fund allocations, a portfolio diversification strategy that distributes capital to a group of funds.
