$100 M fund launched by Blockchain Centre, Gate Ventures to drive Web 3 innovation
The Blockchain Center in Abu Dhabi, a global hub for Web3 technologies, and Gate Ventures, the venture capital arm of Gate.io, are happy to announce the launch of Falcon Gate Ventures, a $100 million fund designed to spur Web3 innovation in the upcoming years. In order to support Web3 builders who are dedicated to reshaping the world in the digital age, this joint venture initiative adopts a global perspective.
In order to support young talent from important regions, such as the USA, Asia, Europe, and the MENA region, Gate Ventures and the Blockchain Center combine their knowledge and resources. The mission of Falcon Gate Ventures is to accelerate the adoption of cutting-edge technologies and advance decentralized infrastructure and applications.
Global Coverage: The fund will provide targeted support to high-potential projects in the US, the Middle East, Asia, and other important regions, with an emphasis on technological advancements in these areas.
Economic Impact: It is anticipated that the initiative will promote economic development and strengthen the UAE’s standing as a key hub in the global digital economy by encouraging growth within the Web3 ecosystem on a global scale.
Regulatory Commitment: To create frameworks that guarantee global user protection while also fostering innovation, Falcon Gate Ventures will collaborate closely with international regulatory bodies.
“Choosing Gate Ventures as our partner for this joint fund was a natural decision for us. Gate Ventures brings a wealth of experience and a proven track record in the blockchain and digital assets space. Their deep industry expertise, combined with their innovative approach to investing, aligns perfectly with our vision at the Blockchain Centre in Abu Dhabi,” said Abdulla, CEO of the Blockchain Centre in Abu Dhabi.
“We believe that together, we can create a powerful synergy that will drive forward our mission to support and scale high-potential blockchain projects. Gate Ventures shares our commitment to fostering cutting-edge technologies, and with their global network and insights, we are confident that this partnership will accelerate the adoption and impact of blockchain innovations, both in the UAE and internationally.”
Bringing diversified resources to support Web3 founders with global ambitions, Falcon Gate Ventures is a strategic initiative as well as a financial commitment. With the help of the Blockchain Center and Gate Ventures’ broad network and combined experience, Falcon Gate Ventures looks for and supports initiatives that have the potential to influence the direction of blockchain technology and digital assets.
“Falcon Gate Ventures marks a significant step in our mission to advance global blockchain innovation,” said Kevin Yang, Managing Partner at Gate Ventures. “In partnership with the Blockchain Centre in Abu Dhabi, we are investing in the digital future, supporting transformative ideas across continents.”
