According to Foresight News, the Beam Foundation has announced the launch of Beam Ventures, a $150 million venture capital fund in Abu Dhabi, aimed at accelerating the growth of innovative founders and transforming the city into a global gaming hub. The fund will focus on the application of blockchain, artificial intelligence (AI), virtual reality (VR), and augmented reality (AR) technologies within the gaming sector. By investing in startups and supporting developers, Beam Ventures seeks to drive industry growth and enhance gaming experiences.
The initiative includes an accelerator program designed to support early-stage startups concentrating on Web3 gaming and AI. This program will adopt a hybrid approach, combining online and offline participation to foster development. Beam Ventures aims to leverage these cutting-edge technologies to not only boost the gaming industry but also position Abu Dhabi as a leading center for gaming innovation. Through strategic investments and support, the fund intends to catalyze advancements in gaming technology and contribute to the broader digital transformation of the region.
