United

Falcon

The Gate Ventures, the venture capital arm of Gate.io, and the newly established Blockchain Center in Abu Dhabi&nbsp;<a style="text-decoration:none" href="https://www.gate.io/announcements/article/38657" rel="noopener noreferrer nofollow">announced</a> the launch of Falcon Gate Ventures, a $100 million fund dedicated to advancing global blockchain innovation on Aug. 19.&nbsp;
This partnership aims to support and accelerate the development of decentralized technologies and applications across key regions worldwide.
<h2 dir="ltr" id="span-span-investment-focus-and-objectives-span-span">Investment Focus and Objectives</h2>
Falcon Gate Ventures will focus on investing in high-potential Web3 projects and supporting educational and research initiatives. Apart from financial backing, the fund aims to foster a collaborative ecosystem that fosters global talent and technological innovation.
&nbsp;
The focus will be on regions including the United States, Asia, Europe, and the Middle East/North Africa (MENA) area.
&nbsp;
The fund plans to work closely with global regulators to develop frameworks that encourage innovation while ensuring user protection.&nbsp;
&nbsp;
Moreover, Falcon Gate Ventures will leverage the combined expertise and resources of Gate Ventures and the Blockchain Center to nurture emerging talent and pioneering projects.&nbsp;
&nbsp;
Abdulla Al Dhaheri, CEO of the Blockchain Center in Abu Dhabi, spoke about the fund's mission to scale high-potential blockchain projects.&nbsp;
<blockquote>
 "Our collaboration with Gate Ventures aligns with our goal to accelerate blockchain adoption and impact both in the UAE and globally," said Al Dhaheri.&nbsp;
</blockquote>
The Falcon Gate Ventures team welcomed applications from Web3 projects in need of financial, technical, or scaling assistance.&nbsp;
<h2 dir="ltr" id="span-span-blockchain-center-s-role-in-the-uae-span-span">Blockchain Center's Role in the UAE</h2>
The&nbsp;<a style="text-decoration:none" href="https://blockchaincenter.ae/" rel="noopener noreferrer nofollow">Blockchain Center in Abu Dhabi</a>, officially launched on August 1, has quickly become a pivotal player in the region's blockchain landscape.&nbsp;
&nbsp;
The center is dedicated to establishing Abu Dhabi as a global leader in blockchain technology. It offers a range of services and support for academic institutions, enterprises, and startups, creating a robust ecosystem for innovation.
&nbsp;
As part of its collaboration with Gate Ventures, the Blockchain Center aims to strengthen the UAE's position as a hub in the international digital economy. partnerships.

Gate Ventures and Abu Dhabi Blockchain Center Launch $100M Web3 Fund

Table of Contents

BSCN

Other articles published on Aug 22, 2024

FTX says creditors supported reorganization plan with 95% vote

Is MATIC’s Recovery a Sign of Bull Rally or Temporary Spike?

The Proposed US Bitcoin Reserve Bill Might Be a Disaster in the Making

BTC Surge May Boost Altcoins

Topper and Argent Team Up to Offer Seamless Fiat-to-Crypto Conversions to Argent Users

$12 MATIC Bull Market Top Highly Possible According to Analyst, First Target Price Set Between $1-$3

Join our free newsletter for daily crypto updates!