Capstone Technology Raises $5.4 Million For Blockchain Project

According to PANews, UAE-based blockchain and AI company Capstone Technology has successfully raised $5.4 million (approximately 20 million dirhams) to support the development of its GAYA blockchain project. The initiative aims to create a startup network for entrepreneurs in the gaming, AI, and entertainment sectors, fostering the growth of a sustainable digital economy. Capstone Technology plans to utilize the funds to manage technological assets, develop Web3 applications, and expand its regional influence. The company is focused on leveraging blockchain technology to drive innovation and support new business ventures in these rapidly evolving industries.