“Alawad Fund,” the first crypto fund that the Dubai royal family participated in, was launched on March 26 (local time) in Dubai, which is attracting attention as a “The holy land of crypto companies.”
The fund was established as a joint venture between Dubai Royal Family Chairman Sheikh Alawad and CEO jojo jiang, and announced that it plans to invest heavily in fostering the crypto industry.
The first fund of “Alawad Fund” is a total of $300 million and will be operated with the goal of quant investment, virtual asset and block chain-based startup investment, cryptocurrency exchange investment, and cryptocurrency cultural content investment with a focus on bitcoin mining is expected.
MetaBitcoin (MBTC), which implements all Bitcoin ecosystems identically within the Metaverse ecosystem, was selected as the first investment destination for the Alawad Fund.
At the fund establishment ceremony, Alawad Fund’s jojo said, “Bitcoin (BTC) is difficult to mine, there are many restrictions...
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