Illuminati Capital, a new cryptocurrency venture fund based in Dubai, has successfully amassed $50 million. This funding will be used to support investments in young blockchain companies and creative Web3 gaming startups.
According to a report on VentureBeat, the primary aim of this recently established venture capital fund is to utilize the combined expertise of its founders. These founders have backgrounds in blockchain technology and financial investment. Their aim is to successfully navigate the constantly evolving landscape of investments in the realm of Web3.
Illuminati Capital conveyed its investment strategy through a message on the X social media platform. They emphasized their preference for working closely with other companies and aiding in their growth.
We operate in several domains, including Layer-1 protocols, Infrastructure development, Artificial Intelligence (AI), Decentralized Finance (DeFi), Gaming, and the immersive universe of the Metaverse. The venture capital firm stressed that these components combine to give shape to the emerging concept of Web3.
Strategic Vision Of The Illuminati Capital and GameFi’s Rising Fame
The trend of investing in Web3-focused venture capital has experienced a notable increase. Vickaash Agrawal, a partner at Illuminati Capital, emphasized his proficiency in data analysis, infrastructure improvement, regulations, and cryptocurrency mining. He mentioned that his substantial expertise in these domains will strengthen their engagement in this swiftly expanding field.
Simultaneously, Laura K. Inamedinova, a partner at the firm and the Chief Executive Officer of LKI Consulting, a marketing agency specializing in cryptocurrencies, highlighted their committed approach to fostering enduring partnerships with the enterprises they invest in.
“By leveraging our trusted network and industry know-how, we commit to building a solid foundation for long-term success,” she enunciated.
Termed also as GameFi, the realm of Web3 gaming constitutes an emergent niche within the expanse of the cryptocurrency domain. It garnered substantial inflows of investment during the previous cryptocurrency bull cycle, with ventures of tremendous popularity like Axie Infinity (AXS) and The Sandbox (SAND) capturing the spotlight.
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