Gate Ventures and Blockchain Center in Abu Dhabi Establish $100 Million Falcon Gate Ventures Fund

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Investment Focus and Objectives
  2. Blockchain Center's Role in the UAE
  3. Statements and Remarks


    4. 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. The fund plans to work closely with global regulators to develop frameworks that encourage innovation while ensuring user protection. Moreover, Falcon Gate Ventures will 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

    The [Blockchain Center in Abu Dhabi](https://blockchaincenter.ae/), 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. It offers a range of services and support for academic institutions, enterprises, and startups, creating a robust ecosystem for innovation. 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.

    Statements and Remarks

    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," said Al Dhaheri. The Falcon Gate Ventures team welcomed applications from Web3 projects in need of financial, technical, or scaling assistance.

    Falcon Gate Ventures represents a significant step towards supporting and developing the blockchain industry on an international level. The collaboration between Gate Ventures and the Blockchain Center in Abu Dhabi aims to strengthen innovative and educational initiatives capable of making a substantial impact on the digital economy.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

ACI Worldwide and Circle Launch USDC Settlement Pilot in Colombia

ACI Worldwide and Circle announced a collaboration to demonstrate USDC settlement integration into existing bank payment systems.

user avatarSatoshi Nakamura

Binance Wallets Drained in Major Security Breach

Wallets linked to Binance were drained of at least $55 billion, raising concerns about the security of decentralized exchanges.

user avatarJesper Sørensen

Decentralized Exchanges Facilitate Fund Swaps in Binance Hack

Decentralized exchanges like Uniswap and Aave are being used to swap frozen stablecoins for Ethereum following the Binance wallet draining incident, complicating recovery efforts.

user avatarRajesh Kumar

Bron Joins Hashgraph Association's Global Membership Program

Selfcustody platform Bron has joined the Hashgraph Association's Global Membership Program to enhance its connection with the Hedera ecosystem.

user avatarLucas Weissmann

Bitwise Asset Management Raises Bitcoin Price Projection to $1.6 Million by 2036

Bitwise Asset Management has raised its long-range Bitcoin price projection to $1.6 million by 2036, reflecting significant growth expectations based on anticipated institutional allocations and demand for scarce assets.

user avatarFilippo Romano

Movantis Integrates Stellar for Enhanced Cross-Border Payments

Movantis and the Stellar Development Foundation announced on October 29 that Stellar will become a settlement option in Movantis' multirail payment network, focusing initially on USDC settlements for transfers from the US to El Salvador.

user avatarEmily Carter

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.