According to BlockBeats news on November 22, Gate Ventures officially appointed Laura K. Inamedinova, a seasoned entrepreneur and investor in the Web3 space, as the head of the fund. Laura will be responsible for the fund's investments, partnerships, and regional growth, promoting Gate Ventures' presence in the Middle East and North Africa (MENA) region.

Before joining Gate Ventures, Laura founded the Web3 marketing agency LKI Consulting, growing it into a company with an annual revenue of 8 figures, and was recognized by Entrepreneur magazine as one of the 'Top Ten Women Entrepreneurs' and selected as one of the 'Top Ten Women Leaders in International Business' by Silicon Valley Times. She stated, 'Gate Ventures focuses on investing in future unicorn projects. I am excited to lead the fund's expansion in the Middle East, empowering top builders in the Web3 space and accelerating the realization of mass adoption.'

Gate Ventures is the venture capital division of Gate, focusing on early investments in blockchain technology and digital assets. It is reported that it has currently invested in top projects such as Wormhole and Pyth Network. This appointment marks another important milestone in the fund's global expansion.