3 months ago
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Gate Ventures and the Blockchain Center in Abu Dhabi have launched Falcon Gate Ventures, a $100 million fund designed to promote global Web3 innovation.
In a recent blog post on their official website, Gate.io outlined their new partnership with the Blockchain Center. This collaboration aims to leverage their shared expertise to support and develop emerging blockchain initiatives.
Abdulla, CEO of the Blockchain Center, noted that Gate Ventures was a natural choice for this partnership due to its deep industry knowledge and successful track record in blockchain and digital assets. He remarked that Gate Ventures’ strategy complements the Blockchain Center’s goal of expanding promising projects and advancing the growth of blockchain technology.
Kevin Yang, Managing Partner at Gate Ventures, highlighted the fund’s crucial role in fostering global blockchain innovation. He described Falcon Gate Ventures as a significant effort to back innovative projects and startups worldwide and expressed excitement about how the partnership could boost the adoption and influence of decentralized technologies.
Expected Role in Blockchain Innovation
The new fund is expected to make a significant impact by investing in promising projects across major regions such as the USA, Asia, Europe, and MENA. The fund’s approach goes beyond financial backing. It will build a collaborative environment that promotes cross-border partnerships for technological progress.
Falcon Gate Ventures will also back educational and research efforts within the blockchain field. The fund aims to invest in programs that cultivate a skilled workforce and encourage global collaboration among industry experts. This effort supports the UAE’s broader goal of becoming a leading center for digital innovation and blockchain technology.
Web3 projects have been encouraged to apply for financial, technical, or scaling support.
About Gate Ventures and Blockchain Center
Gate Ventures is a subsidiary of Gate.io, a prominent cryptocurrency exchange. It specializes in funding early-stage blockchain-based ventures. Its mission is to facilitate growth and innovation within the global blockchain ecosystem by supporting emerging projects and startups.
The Blockchain Center is a platform committed to making Abu Dhabi a prominent center for blockchain innovation worldwide. It aims to build a vibrant ecosystem that supports startups, businesses, and academic institutions.
Launched in early August, the platform will serve as a venue for major global events and workshops, facilitating connections among industry leaders and highlighting cutting-edge blockchain technologies. It also features a venture capital wing to fund and assist web3 startups, promoting a continuous influx of talent and innovation in the blockchain industry.
