1. Establishment of Falcon Gate
2. Main Goals and Objectives of Falcon Gate
3. Support for Crypto Initiatives in the UAE

Gate Ventures, the venture capital arm of Gate.io exchange, has partnered with Abu Dhabi’s Blockchain Center to launch Falcon Gate, a $100 million fund aimed at supporting innovations in the Web3 sector.

Establishment of Falcon Gate

Falcon Gate aims to support high-potential projects in the Web3 sector across regions such as the Middle East, Asia, and the US. The fund's goal is to fuel growth in the global Web3 ecosystem and boost economic development in the sector.

Main Goals and Objectives of Falcon Gate

Falcon Gate collaborates with international regulators to create frameworks that foster innovation while ensuring user protection. The initiative also aims to leverage resources to advance blockchain technologies, including developing solutions, supporting education and research, and fostering cross-border collaborations.

Support for Crypto Initiatives in the UAE

This venture aligns with the UAE’s ambition to lead in the digital economy, reinforcing its role as a hub for blockchain innovation. In recent years, the UAE has become a preferred destination for crypto firms seeking supportive investors and regulators. Recently, Ripple announced plans to promote blockchain adoption in the Middle East by partnering with the Dubai International Financial Centre (DIFC) Innovation Hub. Additionally, a Dubai court ruled that crypto payments for salaries under employment contracts are legally valid, marking a significant step forward in the region’s crypto-friendly approach.

The partnership between Gate Ventures and Abu Dhabi’s Blockchain Center under the Falcon Gate fund highlights significant attention to the development of blockchain technologies and Web3, both in the region and internationally.