On August 19, Gate Ventures 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 fosters global talent and technological innovation. The primary regions of focus will be the United States, Asia, Europe, and the Middle East/North Africa (MENA) area. The fund plans to closely collaborate with global regulators to develop frameworks that encourage innovation while ensuring user protection. Falcon Gate Ventures will also leverage the combined expertise and resources of Gate Ventures and the Blockchain Center to nurture emerging talent and pioneering projects.
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 services and support to academic institutions, enterprises, and startups. In collaboration with Gate Ventures, the Blockchain Center aims to strengthen the UAE's position as a hub in the international digital economy.
Conclusion
The Falcon Gate Ventures team welcomes applications from Web3 projects in need of financial, technical, or scaling assistance.
The creation of Falcon Gate Ventures marks a significant step in developing a global blockchain ecosystem focused on fostering innovative technologies worldwide.
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