Dubai, United Arab Emirates (UAE) – May, 4th 2023: Cypher Capital, a leading multi-strategy investment firm located in the UAE, has opened the doors of its Cypher Hub. The hub will offer UAE-based web3 and blockchain developers as well as international visitors a free-of-charge co-working space located on Jumeirah Beach Residence, in the heart of Dubai.
The office inauguration was attended by 112 web3 developers from across the world. Spreading across 10,000 sq ft and with a total capacity of 80 desks, the hub is specifically designed for Web3 founders and entrepreneurs to collaborate, network, and partner. Beyond a space to work and collaborate, Cypher Hub will serve as a cultural centre and host art shows, speakers, as well as other interactive events.
Vineet Budki, Managing Partner and CEO, said: “We are immensely proud to launch Cypher Hub and we’re confident that our facility is among the best in the world. What differentiates it is the intention behind Cypher Hub – to develop a space intended to give back to the community and in turn help make Dubai an attractive destination for innovators and investors in the web3 and blockchain space. Effectively we’re helping the community that’s helping us thrive. We want to show web3 founders that Cypher Capital is leading the way in supporting the Web3 Ecosystem and give access to a network of likeminded. And, beyond that also giving them the means to achieve their vision.”
The facility features best in class amenities, including:
- Innovative and ergonomic offices
- Free access to high-speed Wi-Fi
- On-site catering services
- Relaxation lounges
- A shark tank style deal room
- Dedicated media room
Bill Qian, Chairman, added: “This is undeniably a major milestone for us and a catalyst for our ecosystem. This hub allows us to push the boundaries of investment by taking our strong experience and track record in web3 investment and focussing in on the incredible projects that are arriving in Dubai on a near-daily basis. This space will centralise opportunities for us and for the community – and the creation of this hub will serve to give those opportunities a space to grow and provide best in class web3 technology projects a boost.”
Cypher Capital invests in companies building their businesses at the blockchain protocol & infrastructure level and offers efficient market access to the MEA region. Beyond this, we help build partnerships with start-ups to help them establish relationships with major companies.
The Cypher Capital hub is now open to registrations. Simply visit www.cyphercapital.com and click the Cypher Hub link for more information.
