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 foster a collaborative ecosystem that promotes global talent and technological innovation, while working closely with global regulators to develop frameworks that encourage innovation and ensure user protection. Target regions include the United States, Asia, Europe, and the Middle East/North Africa (MENA).
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, offering a range of support services for academic institutions, enterprises, and startups. As part of its collaboration with Gate Ventures, the Blockchain Center seeks to strengthen the UAE's position as a hub in the international digital economy, crafting a robust ecosystem for innovation.
Applications and Collaboration
Falcon Gate Ventures welcomes applications from Web3 projects in need of financial, technical, or scaling assistance. The fund's team will leverage the combined expertise and resources of Gate Ventures and the Blockchain Center to support emerging talent and pioneering projects.
Falcon Gate Ventures and the Blockchain Center in Abu Dhabi aim to accelerate the development of blockchain technologies and create favorable conditions for innovation. The $100 million fund launch marks a significant step in strengthening the positions of the UAE and the international community in the digital economy.
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