On August 19, 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. Key investment regions include the United States, Asia, Europe, and the Middle East/North Africa (MENA). The fund intends to work closely with global regulators to develop frameworks that encourage innovation while ensuring user protection. Furthermore, 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
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 is dedicated to establishing Abu Dhabi as a global leader in blockchain technology, offering 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.
Web3 Projects Application
The Falcon Gate Ventures team welcomes applications from Web3 projects in need of financial, technical, or scaling assistance. Abdulla Al Dhaheri, CEO of the Blockchain Center in Abu Dhabi, highlighted the fund's mission to scale high-potential blockchain projects, stating: "Our collaboration with Gate Ventures aligns with our goal to accelerate blockchain adoption and impact both in the UAE and globally."
Falcon Gate Ventures and the Blockchain Center aim to create favorable conditions for the development of innovative technologies and talent in the blockchain sphere. This new initiative promises significant impacts on the international community and will strengthen the UAE's position as a leader in the digital economy.
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