Morgan Creek Digital Assets Announces Ambitious $500 Million Web3 Fund

IconCryptoNewsTerminal Staff12 Jul, 2024

cryptonews.jpg

Morgan Creek Digital Assets Announces Ambitious $500 Million Web3 Fund

Morgan Creek Digital Assets, a prominent US-based crypto asset manager, is gearing up to launch a substantial $500 million Web3 fund, setting its sights on driving innovation and growth in the decentralized web space. According to Coindesk, the fund will primarily focus on strategic investments in blockchain technology, artificial intelligence (AI), semiconductors, and data, recognizing the transformative potential of these emerging sectors. This move underscores Morgan Creek's confidence in the long-term prospects of Web3, which aims to create a more decentralized, user-centric, and secure internet. In addition to its substantial fundraise, Morgan Creek Digital Assets has ambitious plans to expand its operations globally. The company intends to establish a presence in Europe, the Middle East, and Africa (EMEA), as well as the Asia-Pacific region. This strategic move will enable Morgan Creek to tap into new markets, foster partnerships, and support the development of the Web3 ecosystem on a global scale.

Related News