- Investment Focus and Objectives
- Blockchain Center's Role in the UAE
- Significance for the Global Ecosystem
On August 18, 2023, The Gate Ventures, the venture capital arm of Gate.io, and the newly established Blockchain Center in Abu Dhabi announced the launch of Falcon Gate Ventures, a $100 million fund dedicated to advancing global blockchain innovation.
Investment Focus and Objectives
Falcon Gate Ventures will focus on investing in high-potential Web3 projects and supporting educational and research initiatives. Apart from financial backing, the fund aims to foster a collaborative ecosystem that fosters global talent and technological innovation. The focus will be on regions including the United States, Asia, Europe, and the Middle East/North Africa (MENA). The fund plans to work closely with global regulators to develop frameworks that encourage innovation while ensuring user protection. Falcon Gate Ventures will leverage the combined expertise and resources of Gate Ventures and the Blockchain Center to nurture emerging talent and pioneering projects. Abdulla Al Dhaheri, CEO of the Blockchain Center in Abu Dhabi, spoke about the fund's mission to scale high-potential blockchain projects.
Blockchain Center's Role in the UAE
The Blockchain Center in Abu Dhabi, officially launched on August 1, has quickly become a pivotal player in the region's blockchain landscape. The center is dedicated to establishing Abu Dhabi as a global leader in blockchain technology. It offers a range of services and support for academic institutions, enterprises, and startups, creating a robust ecosystem for innovation. As part of its collaboration with Gate Ventures, the Blockchain Center aims to strengthen the UAE's position as a hub in the international digital economy.
Significance for the Global Ecosystem
Falcon Gate Ventures welcomes applications from Web3 projects in need of financial, technical, or scaling assistance. The main goal of the fund is to accelerate blockchain adoption and impact both in the UAE and globally, fostering the development and advancement of decentralized technologies and applications.
The creation of Falcon Gate Ventures in partnership with the Blockchain Center represents a significant step in advancing global blockchain innovation and strengthening the UAE's role in this field. The new fund is aimed at supporting high-potential projects and creating conditions for further growth and development of the industry.
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