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.