MADA Capital in the United Arab Emirates Invests in the Growth Fund for the Global Web3 Metaverse Platform CRETA's Ecosystem Expansion
DUBAI, UAE / ACCESSWIRE / December 29, 2023 / A global private investment fund/bank based in the United Arab Emirates (UAE), MADA Capital, announced its partnership with Creta, a massive Web3 metaverse gaming platform, through participation in the Creta Ecosystem growth fund.
MADA Capital, headquartered in the UAE, operates as a major financial institution in private banking, securities, asset management, and investment business in global markets. Notable limited partners (LP) include regional and international sovereign wealth funds, MADA Capital has a track record of successfully managing numerous global venture projects, particularly in key international cities, including the UAE, Saudi Arabia, and Egypt. The company has primarily focused its business on asset management and corporate advisory services. Ever since its establishment, MADA Capital has managed assets of hundreds of millions, led more than 15 IPOs worldwide, and established over 30 funds. Many companies and government entities in the Middle East currently show significant interest in developing the IT and gaming industries and consider it as crucial sectors responsible for shaping the nation's future. In this environment, Mada Capital has actively participated in the fund at an early stage, being deeply impressed by Creta's vision and technological prowess, which outshine competitors. In the future, Creta, alongside Mada Capital, will collaboratively lead the advancement of the web3 and gaming metaverse industries in the global market. Together, they aim to grow the fund, discover and support outstanding producers and content, and expand Creta's ecosystem by fostering cooperation and nurturing technology.
The ultimate goal of CRETA is to form a coalition of world-class developers, creators, and producers, where numerous creators join and contribute their high-level creations. The company is building a new comprehensive gaming entertainment platform that will lead the next generation game/metaverse content industry.