On August 19, 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. The fund aims to create a collaborative ecosystem that fosters global talent and technological innovation. The focus will be on key regions including the United States, Asia, Europe, and the Middle East/North Africa (MENA) area. The fund plans to work closely with global regulators to develop frameworks that encourage innovation while ensuring user protection.
Blockchain Center's Role in the UAE
Officially launched on August 1, the Blockchain Center in Abu Dhabi has quickly become a pivotal player in the region's blockchain landscape. The center aims to establish 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.
Leveraging Resources
Falcon Gate Ventures will leverage the combined expertise and resources of Gate Ventures and the Blockchain Center to nurture emerging talent and pioneering projects. The fund's team has welcomed applications from Web3 projects in need of financial, technical, or scaling assistance.
The joint efforts of The Gate Ventures and the Blockchain Center in Abu Dhabi aim to accelerate the development of blockchain technologies and strengthen the UAE's position in the digital economy. The launch of Falcon Gate Ventures marks a significant step in this direction.
Comments