Sigma Capital, a UAE-based Web3 venture fund, has launched a $100 million blockchain startup fund aimed at supporting early-stage projects in decentralized finance, blockchain infrastructure, and the metaverse. CEO Vineet Budki emphasized the fund's role in fostering an inclusive digital economy by providing capital and access to a robust network.Additionally, the UAE has amended its VAT regulations to exempt virtual asset transactions from tax, effective November 15, 2024, enhancing the clarity of digital asset taxation in the region.