UAE’s Sigma Capital debuts $100m fund targeting metaverse and blockchain infrastructure
Gulf-based Sigma Capital has introduced a $100 million fund to invest in web3 sectors, from blockchain infrastructure to the metaverse. Sigma Capital, a private equity firm specializing in early-stage startups, has announced the launch of a $100 million fund to drive web3 innovation. The so-called “Sigma Capital Fund I” will focus on projects in decentralized […]
South Korea’s Lotte Group to leverage Arbitrum blockchain for its metaverse
South Korean conglomerate Lotte Group has tapped the Ethereum layer 2 network Arbiturm to enhance its artificial intelligence-driven metaverse platform, Lotte Caliverse. Announced at CES 2025, Arbitrum’s blockchain, with its 250ms block times, is described by Steven Goldfeder, CEO of Arbitrum developer Offchain Labs, as the “ideal home ground for Caliverse,” enabling “high-quality performance within […]
