Gate Ventures and the Blockchain Center in Abu Dhabi have announced the launch of Falcon Gate Ventures, a $100 million fund to drive Web3 innovation globally. This joint initiative aims to support Web3 builders committed to reshaping the digital world. The fund will focus on decentralized infrastructure and applications and accelerate the adoption of groundbreaking technologies. With a strategic partnership for global impact, Falcon Gate Ventures will support projects in key regions such as the USA, Asia, Europe, and the Middle East.
The collaboration between Gate Ventures and the Blockchain Center aims to leverage their expertise and resources to support young talents in advancing decentralized technologies. Falcon Gate Ventures will have a global coverage, focusing on technical breakthroughs in regions like the Middle East, Asia, the US, and others. The initiative is expected to stimulate economic growth within the Web3 ecosystem and strengthen the UAE’s position as a hub in the digital economy. Additionally, Falcon Gate Ventures will work closely with regulatory authorities to develop frameworks that foster innovation while ensuring global user protection.
Abdulla, CEO of the Blockchain Center in Abu Dhabi, expressed confidence in the partnership with Gate Ventures, highlighting their industry expertise and innovative approach to investing. The vision behind Falcon Gate Ventures is not just a financial commitment but a strategic endeavor to support Web3 founders with global aspirations. Leveraging the network and expertise of both Gate Ventures and the Blockchain Center, the initiative aims to accelerate the adoption and impact of blockchain innovations internationally.
Kevin Yang, Managing Partner at Gate Ventures, emphasized the significance of Falcon Gate Ventures in advancing global blockchain innovation. The venture aims to foster innovation, support education and research initiatives, and facilitate cross-border collaboration to drive blockchain advancement on a global scale. Aligning with the UAE’s vision to become a leader in the digital economy, Falcon Gate Ventures strengthens the nation’s position as a hub for blockchain innovation and a magnet for international talent.
Gate Ventures, the venture capital arm of Gate.io, focuses on early-stage investments in blockchain technology and digital assets to drive innovation and growth in the blockchain ecosystem. The Blockchain Center in Abu Dhabi plays a pivotal role in driving education, research, and innovation in the blockchain and digital asset industry. The partnership between Gate Ventures and the Blockchain Center is paving the way for a new era of disruptive innovation that transcends borders and delivers lasting global impact in the Web3 space.
