The Cypher Capital, Crypto venture platform which earlier known as Phoenix Crypto VC. It was said that it has allocated almost $40 million out of $100 million seed fund for investing in crypto startups and Indian blockchain. The firm based in UAE said that it will invest $100 million fund all across crypto, blockchain and other projects of digital asset.
Here, Cypher Capital also said that this will roll out 10,000 sq ft of the blockchain, crypto with hub of digital asset. Thereby, adding that fund had invested in more than 15 Indian platforms of blockchain that include Safle and Solrazr.
The eyes of the platform expand the portfolio, with complete focus on seed funding. Focus was also to gain proper & adequate control on the established funds of blockchain as GP or general partners and LP’s or limited partners.
Bringing Crypto Enthusiast together!
With setting up of the Cypher Capital, it clearly aims to bring crypto enthusiasts, all the entrepreneurs as well as startups, and it also serve as a perfect place to be. This is by offering access and gatherings for the members and community.
This fund also aims to simply deploy about $150,000 in early-stage of the startup of crypto & blockchain startups.
We also have an understanding about knowledge as well as expertise to mentor various projects & entrepreneurs. This will equip them with tools that they require for victory. At such moment we get interest in various projects in DeFi (decentralize Crypto Finance), metaverse and GameFi space. However, but we always lookout for the most innovative project of blockchain.
India also has shown some of the exceptional interest in the blockchain ecosystem building through projects such as Matic. It developed by various founders and hence it also holds extremely special value.
