The Game Company, a Dubai-based blockchain cloud gaming developer, has completed a $10 million equity and token round, with Telcoin and its CEO Paul Neuner, BullPerks, NodeMarket, HyperCycle and Singularity DAO participating in the round. The Game Compan, which raised $5 million in April 2023, said the new funds will be used to deploy its native crypto tokens, enhance the platform and integrate the Web3 and Web2 ecosystems before launching the product publicly later this year.
Dubai-based investment firm Sigma Capital has launched the $100 million Sigma Capital Fund I, which focuses on early-stage ventures in the Web3 and blockchain space. The fund will invest in DeFi, blockchain infrastructure, real-world asset tokenization, gaming, and the meta-universe. In terms of investment strategy, Sigma Capital plans to manage a liquid token portfolio and adopt a high-yield DeFi approach to improve returns. Over the next three years, Sigma Capital plans to invest in 100 early-...
Crypto.com, a cryptocurrency trading platform, announced on social media that it has obtained full operational approval from the Dubai Virtual Asset Regulatory Authority. The cryptocurrency trading platform will be open to institutional investors, marking its first launch in the region.