PANews reported on July 12 that Morgan Creek Digital plans to raise up to $500 million in a new Web3 venture capital fund, targeting early opportunities in artificial intelligence, blockchain technology, chips, and data. The company is in contact with sovereign and institutional investors, company executives, and industry experts in Europe, the Middle East, Africa, and the Asia-Pacific region, planning to expand its regional influence. Morgan Creek Digital general partner Mark Yusko said the company will focus more on international markets and connect with the best CEOs and partners. Since 2018, Morgan Creek Digital has raised more than $440 million and has approximately 80 equity positions.