Blockchain Centre, Gate Ventures Launch $100Mn Web3 Fund
The fund will work with international regulatory authorities to create frameworks that encourage innovation while ensuring user protection.
Gate Ventures, the venture capital arm of Gate.io, and the Blockchain Centre in Abu Dhabi have launched Falcon Gate Ventures, a $100 million fund aimed at advancing Web3 innovation globally. This joint initiative will support the development of decentralized infrastructure and applications, focusing on key regions including the Middle East, Asia, and the US.[1]
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Falcon Gate Ventures will invest in projects worldwide to foster growth within the Web3 ecosystem and strengthen the UAE’s position in the global digital economy. The fund will also work with international regulatory authorities to create frameworks that encourage innovation while ensuring user protection.
This initiative aligns with the UAE’s goals to enhance its role in the digital economy by attracting talent and supporting technological advancement.
Through this partnership, Gate Ventures and the Blockchain Centre aim to support projects that will contribute to the development of blockchain technology and digital assets.