Dubai, UAE – Pinnacle Capital, a number one household workplace and funding agency, has introduced the institution of a $100 million Web3 fund, reaffirming its dedication to driving the expansion of blockchain and digital asset applied sciences. The brand new fund will goal progressive tasks on the intersection of blockchain and synthetic intelligence (AI), positioning Pinnacle Capital on the forefront of the following wave of Web3 growth.
Current knowledge signifies a resurgence of enterprise capital curiosity within the crypto sector, with funding rising from $550 million in July to $633 million in August. Regardless of ongoing market challenges, Pinnacle Capital stays assured within the transformative potential of Web3 applied sciences. As a pioneering VC agency, Pinnacle believes the convergence of AI and blockchain presents a pivotal alternative to form the way forward for digital finance and decentralized economies.
Strategic Investments and Business Partnerships
Pinnacle Capital has constructed a popularity for its diversified investments throughout vitality, actual property, and healthcare. With the launch of the brand new Web3 fund, the agency is extending its experience into the digital asset house, securing partnerships with a spread of forward-thinking blockchain tasks. Key collaborators embody Celestia, OORT, Elixir Protocol, Gas, Layer Zero, TrendX, Counter Fireplace, Wormhole, and DeAgent.ai, amongst others. These alliances will assist Pinnacle Capital discover and capitalize on cutting-edge improvements throughout a number of layers of the blockchain ecosystem.
“We see the fusion of AI and blockchain as an inflection point that will significantly accelerate the adoption and evolution of digital assets,” stated a Pinnacle Capital spokesperson. “Our strategy focuses on identifying protocols with real product-market fit, sustainable business models, and the potential to drive a new era of economic innovation.”
A Partnership with the UAE Highness Basis
Leveraging its experience in conventional funding and hedge fund administration, Pinnacle Capital has partnered with the UAE Highness Basis to determine itself as a strategic gateway for the Abu Dhabi consortium’s exploration of Web3 expertise and wealth administration. This collaboration underscores Pinnacle Capital’s mission to bridge the hole between conventional finance and the quickly evolving digital financial system.
About Pinnacle Capital
Pinnacle Capital is a worldwide non-public funding agency with a various portfolio that spans enterprise capital, hedge funds, quantitative fund-of-funds, and innovation funds. The agency is dedicated to fostering the expansion of rising applied sciences, with a selected give attention to AI, decentralized infrastructure (DePIN), SocialFi, DeFi, GameFi, and NFTs. Pinnacle Capital companions with best-in-class exterior funding managers to determine and put money into high-impact alternatives that drive technological progress and financial progress.
For extra info, go to https://pin.capital or contact us at bp@pin.capital.
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Pinnacle Capital
