Gate Ventures and Abu Dhabi Blockchain Center’s New $100M Web3-Fund
Gate Ventures, the venture capital arm of Gate.io, has teamed up with the Blockchain Center in Abu Dhabi to launch Falcon Gate Ventures, a new $100 million fund dedicated to advancing Web3 technologies. The fund aims to support and accelerate blockchain innovation globally, focusing on high-potential projects across key regions, including the US, Asia, Europe, and the Middle East/North Africa (MENA).
The partnership between Gate Ventures and the Blockchain Center is designed to leverage their combined expertise to drive the future of blockchain technology. Abdulla Al Dhaheri, CEO of the Blockchain Center in Abu Dhabi, highlighted the strategic nature of this collaboration, stating, “Choosing Gate Ventures as our partner for this joint fund was a natural decision for us. Gate Ventures brings a wealth of experience and a proven track record in the blockchain and digital assets space.”
Key Objectives and Areas of Focus
Falcon Gate Ventures will focus on several strategic pillars:
Global Coverage: The fund will target innovative blockchain projects worldwide, with a particular emphasis on breakthroughs in the Middle East, Asia, the US, and Europe.
Economic Impact: It aims to stimulate growth within the Web3 ecosystem, promote economic development, and reinforce the UAE’s position as a leader in the digital economy.
Regulatory Commitment: The initiative will collaborate with international regulatory authorities to create frameworks that balance innovation with user protection.
Major announcement! @Gate_Ventures and @adbc_ae The Blockchain Center in Abu Dhabi have teamed up to launch Falcon Gate Ventures — a $100M fund fueling #blockchain innovation, research, and regulatory progress globally. Learn more here👇https://t.co/mV6xxDFh0k
Kevin Yang, Investment Director at Gate Ventures, commented on the fund’s significance: “Falcon Gate Ventures marks a significant step in our mission to advance global blockchain innovation. In partnership with the Blockchain Center in Abu Dhabi, we are investing in the digital future, supporting transformative ideas across continents.”
Supporting Innovation and Education
The fund is set to play a crucial role in fostering innovation by providing financial support to promising blockchain startups and research initiatives. It also aims to enhance cross-border collaboration and build a skilled workforce through investment in education and research.
— The Blockchain Center in Abu Dhabi (@adbc_ae) August 19, 2024
The Blockchain Center, established on August 1st, aims to establish Abu Dhabi as a global blockchain hub. The centre is dedicated to creating a thriving ecosystem for startups, enterprises, and academic institutions, aligning with the UAE’s vision of becoming a digital economy leader.
Conclusion
Falcon Gate Ventures represents a significant commitment to shaping the future of blockchain technology and Web3. By combining the strengths of Gate Ventures and the Blockchain Center, this fund is poised to substantially impact the global blockchain landscape, driving innovation and supporting groundbreaking projects worldwide.
