UAE-based VC firm Cypher Capital launches $5 million Ocean Protocol projects funding

UAE-based VC firm Cypher Capital launches $5 million Ocean Protocol projects funding
Photo by Hitesh Choudhary / Unsplash

Cypher Capital, 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.