Gate Ventures and Abu Dhabi Blockchain Center have launched Falcon Gate Ventures, a $100 million Web3 fund. The new fund aims to support innovative projects in regions such as the Middle East, Asia, and the US, and aims to contribute to the development of the Web3 ecosystem.

Gate.io’s venture capital arm Gate Ventures and Abu Dhabi’s Blockchain Center have jointly established a fund called Falcon Gate Ventures. The $100 million fund will focus on supporting Web3 innovation in the coming years. It aims to ensure the rapid development of the Web3 ecosystem by investing in high-potential projects, particularly in the Middle East, Asia, the US, and other strategic regions.

Falcon Gate Ventures emerged as a strategic collaboration between Gate Ventures and Abu Dhabi Blockchain Center, which has extensive experience in blockchain technologies and cryptocurrencies. The fund is designed to develop decentralized infrastructures and applications, accelerate the adoption of innovative technologies, and contribute to shaping the digital age. With its global scope, it aims to drive technical advances in key regions such as the Middle East, Asia, and the US. Falcon Gate Ventures will advance the global digital economy by providing economic support to Web3 projects around the world, helping the United Arab Emirates (UAE) assume a central role in the international digital economy.

Another key goal of the Fund is to work closely with international regulatory authorities to create regulatory frameworks that foster innovation and ensure global user security. This approach aims to contribute to the smooth adoption of Web3 technologies.

According to Gate.io, Falcon Gate Ventures’ vision is to advance global blockchain innovation. The fund aims to discover and support future projects in the blockchain technology and cryptocurrency space with Gate Ventures’ global network and deep expertise in the sector.

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