Gate Ventures, in collaboration with the Abu Dhabi Blockchain Center, has launched a $100 million Falcon Gate Ventures fund
ChainCatcher news, Gate.io's venture capital arm Gate Ventures has announced a partnership with the Abu Dhabi Blockchain Center, a global Web3 technology hub, to launch the Falcon Gate Ventures fund, which will amount to $100 million, aimed at driving innovation in the Web3 space over the coming years. This collaboration is intended to support Web3 developers who are focused on leading change in the digital age, while showcasing Gate Ventures' global vision and strategy.Falcon Gate Ventures is dedicated to developing decentralized infrastructure and applications, and promoting the widespread adoption of cutting-edge technologies. It will support high-potential projects globally, with a focus on technological innovation in the Middle East, Asia, the United States, and other key regions. The fund plans to drive the growth of the global Web3 ecosystem, promote economic development, and solidify the UAE's position as a hub for the international digital economy. Additionally, Falcon Gate Ventures will work closely with international regulatory bodies to establish a regulatory framework that balances innovation and security.Gate Ventures partner Kevin Yang stated that Falcon Gate Ventures is an important initiative by Gate to promote global blockchain innovation, and it will collaborate with the Abu Dhabi Blockchain Center to invest in the digital future and support innovative ideas worldwide.
