On August 19, 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) area.
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, offering a range of services and support for academic institutions, enterprises, and startups. 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.
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Abdulla Al Dhaheri, CEO of the Blockchain Center in Abu Dhabi, spoke about the fund's mission to scale high-potential blockchain projects: "Our collaboration with Gate Ventures aligns with our goal to accelerate blockchain adoption and impact both in the UAE and globally."
The Falcon Gate Ventures team welcomes applications from Web3 projects in need of financial, technical, or scaling assistance.
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