UAE based GHAF Capital Partners, one of the first blockchain venture capital funds based in Dubai has invested in yet another blockchain entity, Escrow Protocol. Ghaf Capital is also part of Polygon Venture. The announcement was made by Escrow on twitter.
Escrow Protocol is a project funding platform with investor controlled payout. It is a blockchain based Web3 Oracle Platform where investors can fund startups with extended control of their financial contributions. Funding is released based on the projects’ successful completion of milestones.
As per Escrow Protocol website, ” We secure investors’ funds through the time-honoured practice of
putting funds into escrow; then releasing payouts for pre-determined project developments.While funds are held in Escrow, waiting for payout, we allocate investment funds to stablecoin Yield-Farming Protocols.”
In the twitter post Escrow Protocol notes, ” We’re proud to receive the support of Ghaf Capital and excited to announce they have invested in Escrow Protocol.”
This is not the first investment made by Ghaf Capital in the blockchain ecosystem. One of their first investments was in NFT startup, Mars4 project. They also first invested in Theos, Polystarter, and Nfraction. In Q4 of 2021, they invested in CoinLink, Safle, SpaceY2025, Themis, 1inchnetwork, DopeWarz, Whalemap, Space, Polygon, Hashstack, GamiFi, Partisia Blcokchain, NeoFi, Dappio, AAG Ventures, Solchicks, Libre Defi, Starly, Avarta, Defy Trends, GeoJam, Gamesta, Hypex, Origins, Ignite Tournaments, ChainPort, UFO Gaming, Cross the Ages, Gaimin, MetaGaming Guild, Vast and EX Sports