TLDR:
- Gate Ventures and The Blockchain Center in Abu Dhabi have launched a $100 million fund called Falcon Gate Ventures to invest in global blockchain innovation.
- The initiative aims to support Web3 builders and advance decentralized infrastructure and applications.
Summary:
Gate Ventures and The Blockchain Center in Abu Dhabi have announced the creation of Falcon Gate Ventures, a $100 million fund dedicated to investing in global blockchain innovation. This joint venture initiative aims to support Web3 builders from key regions such as the U.S., Asia, Europe, and the Middle East/North Africa (MENA) region. The fund will focus on advancing decentralized infrastructure and applications, as well as accelerating the adoption of pioneering technologies.
Strategic pillars of Falcon Gate Ventures include global coverage, economic impact, and regulatory commitment. The initiative is expected to stimulate growth in the worldwide Web3 ecosystem and reinforce the UAE’s position as a central hub in the international digital economy. The partners behind Falcon Gate Ventures, Gate Ventures and the Blockchain Center, are committed to fostering cutting-edge technologies and driving forward the mission to support and scale high-potential blockchain projects.
Falcon Gate Ventures aims to foster innovation by accelerating the deployment of blockchain solutions, supporting education and research initiatives, and facilitating cross-border collaboration. The initiative aligns with the UAE’s vision to become a global leader in the digital economy and strengthens the nation’s position as a hub for blockchain innovation. Together, Gate Ventures and the Blockchain Center are actively shaping the future of disruptive innovation on a global scale.
