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# UAE-based VC firm Cypher Capital launches $5 million Ocean Protocol projects funding
- URL: https://www.techloy.com/uae-based-vc-firm-cypher-capital-launches-5-million-ocean-protocol-projects-funding/
- Published: 2022-05-24T12:15:26.000Z
- Updated: 2022-12-08T00:50:43.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Money, Blockchain, Tech in UAE

[Cypher Capital,](https://cyphercapital.com) a venture capital firm based in UAE has launched $5 million to fund Ocean Protocol projects. 

- Ocean Protocol is a decentralized platform for data exchange and monetization using the Ethereum blockchain.
- The investment will target 20 projects in Ocean Protocol over two years.
- Cypher Capital has earlier invested in Crypto Oasis Sentio, a global hub for blockchain and crypto, based in UAE.
- It last launched a $100 million funding in March to back blockchain, crypto and digital assets startups.