ccording to the report on Coindesk, Morgan Creek Digitals is ready to make a big money investment of about $500 million in new Web3 funds.
Web3 is becoming more popular following its massive adoption into the digital world in recent times. Morgan Creek has become the latest company with interest to invest in the project which aims to revolutionize user experience in several fields ranging from decentralized protocols, and blockchain technologies to cryptocurrencies.
Morgan Creek $500 Million Investment
Considering how broad Web3 is, Morgan Creek's $500 million supposed investment will focus on four aspects of Web3 which are blockchain technologies, chips, data, and artificial intelligence (AI).
In order to expand its horizons to other locations, the highly specialized firm in investments has initiated discussions with top investors, corporate executives, and topic experts from across the world (Europe, the Middle East, Africa, and Asia Pacific).
Projection of Investment Likely Outcome
Morgan Creek has made it known that the EMEA (Europe, the Middle East, and Africa) and APAC (Asia-Pacific) will be the key role players in building the future of technology. The company expects these regions to massively boost their investments in all sectors of their interest which have already been mentioned.
Morgan Creek has high expectations from the Asia-Pacific (APAC) region in regards to their investment in generative AI already yielding high returns, projecting an increase of about $3.4 billion in 2024 taking the figure to almost three times what they are currently investing. Morgan Creek as a company is doing very well generating more than $440 million.
