Gate Ventures and Abu Dhabi Blockchain Center Launch Falcon Gate Ventures Fund to Support Web3 Innovations

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by Giorgi Kostiuk

2 years ago

Made with AI

  1. The Fund Will Support Web3 Innovations
  2. Close Collaboration with International Regulatory Authorities
  3. Fund's Vision and Global Scope


    4. The venture capital arm of Gate.io, Gate Ventures, and the Abu Dhabi Blockchain Center announced a new joint fund worth $100 million, named Falcon Gate Ventures. The fund aims to support Web3 innovations.

    The Fund Will Support Web3 Innovations

    Falcon Gate Ventures emerged as a strategic collaboration between Gate Ventures, known for its expertise in blockchain technologies and cryptocurrencies, and the Abu Dhabi Blockchain Center. The fund is designed to support the development of decentralized infrastructures and applications, accelerate the adoption of innovative technologies, and shape the digital age.

    Close Collaboration with International Regulatory Authorities

    One of the fund’s primary objectives is to work closely with international regulatory authorities to establish regulatory frameworks that promote innovation and ensure global user safety. This approach aims to facilitate the seamless adoption of Web3 technologies.

    Fund's Vision and Global Scope

    According to Gate.io, Falcon Gate Ventures’ vision is to advance global blockchain innovation. Falcon Gate Ventures aims to discover and support promising projects in the blockchain and cryptocurrency fields through Gate Ventures’ global network and deep industry expertise. The fund is presented not only as a financial commitment but also as a strategic initiative offering diversified resources to support Web3 founders in their global ambitions.

    The creation of Falcon Gate Ventures is a significant step towards developing the global digital economy and strengthening the UAE’s position in the international digital economy.

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