Gate Ventures and the Blockchain Center in Abu Dhabi announced the launch of Falcon Gate Ventures, a $100 million fund aimed at supporting and developing decentralized technologies and applications globally.
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 for global talent and technological innovation. In addition to financial backing, the fund plans to work with regulators worldwide to develop frameworks that encourage innovation while ensuring user protection. The Falcon Gate Ventures team welcomes applications from Web3 projects in need of financial, technical, or scaling assistance.
Blockchain Center's Role in the UAE
The Blockchain Center in Abu Dhabi, 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, offering a range of services and support for academic institutions, enterprises, and startups, creating a robust ecosystem for innovation.
Plans and Collaboration
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.
The launch of Falcon Gate Ventures marks a significant step in advancing blockchain technologies and supporting promising projects worldwide. Such contributions are likely to accelerate the development of the digital economy.
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