ChainCatcher news, the UAE is actively promoting the Web3 gaming industry as part of its economic diversification strategy to reduce dependence on oil.The country's gaming market is valued at $420 million, with 90% of the adult population participating in gaming. Dubai's "2033 Dubai Gaming Plan" aims to contribute $4 billion to GDP by 2030 and create 27,000 jobs. The plan focuses on developing an integrated gaming ecosystem with virtual reality (VR), artificial intelligence (AI), and Web3 technologies.The Dubai Multi Commodities Centre (DMCC) has become the core of the Web3 gaming ecosystem, attracting over 100 gaming companies. DMCC supports industry innovation and growth through collaboration with the gaming and cryptocurrency sectors, providing funding, incubation, and talent recruitment.

ChainCatcher news, venture capital firm Laton Ventures has announced the launch of a new fund with a size of $35 million to support the AI and Web3 gaming industry and promote the application of AI and Web3 technologies in gaming.It is reported that the fund primarily focuses on Pre-Seed and Seed stage projects and startups, and has currently invested in five game studios in the Turkish, European, and American markets.

ChainCatcher news, Finewill Capital announced the establishment of a multi-million dollar Web3 gaming industry fund, which is co-led by the Korean gaming company Wemade and the blockchain investment fund [Mirana Ventures](https://www.rootdata.com/zh/Investors/detail/Mirana Ventures?k=MTA3MTY=) as cornerstone investors. The new fund will actively invest in the composite track of Web2 games + blockchain, supporting traditional game studios and the next generation of game entrepreneurs.The founding partner of Finewill Capital stated, "We have been paying attention to the blockchain gaming industry and believe it is a market full of opportunities. We hope to provide funding and resources for creative and talented teams in this field through this fund, and help traditional game development teams accelerate their exploration in the Web3 space, bringing users more high-quality gaming experiences." (Source link)