Crypto advocate Kevin O'Leary turned UAE national launches Web3.0 fund with lead investor from UAE
Kevin O’ Leary, nicknamed "Mr. Wonderful", a Canadian businessman, entrepreneur, and television personality and an advocate of cryptocurrency stated that he recently became a UAE citizen because he wants to work freely in a region that has attracted investment by some of crypto’s heaviest hitters, including FTX, Binance and Crypto.com This came as he announced at Converge22 Blockchain and cryptocurrency conference that he was launching a Web3.0 investment fund called Cipher with the lead investor coming from the UAE. As he noted on stage, “We’ve got to get away from this speculative price of an asset here. We’ve got to find reasons that this technology gets embedded into the economy.” He went on to say, “I recently became a citizen of the United Arab Emirates to work freely in a region that has attracted investment by some of crypto’s heaviest hitters, including exchanges FTX, Binance and Crypto.com. The new all-Web3 fund’s lead investor comes from the United Ara...