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The cryptocurrency exchange Gate.io’s venture capital arm, Gate Ventures, and Abu Dhabi’s Blockchain Center announced a new joint fund named Falcon Gate Ventures. The $100 million fund aims to support Web3 innovation in the coming years. The joint venture seeks to accelerate the development of the Web3 ecosystem by investing in high-potential projects in the Middle East, Asia, the US, and other key regions.
The Fund Will Support Web3 Innovations
Falcon Gate Ventures emerged as a strategic collaboration between Gate Ventures, known for its experience in blockchain technologies and cryptocurrency, and the Abu Dhabi Blockchain Center. The fund is designed to support the development of decentralized infrastructures and applications, accelerate the adoption of innovative technologies, and contribute to shaping the digital age.
The fund’s global scope includes regions targeted for technical advancements such as the Middle East, Asia, and the US. Falcon Gate Ventures aims to advance the global digital economy through economic support for Web3 projects worldwide and contribute to the UAE’s central position in the international digital economy.
Close Collaboration with International Regulatory Authorities
One of the fund’s primary objectives is to work closely with international regulatory authorities to establish regulatory frameworks that promote innovation and ensure global user safety. This approach aims to facilitate the seamless adoption of Web3 technologies.
According to Gate.io’s announcement, Falcon Gate Ventures’ vision is to advance global blockchain innovation. Falcon Gate Ventures aims to discover and support promising projects in the blockchain and cryptocurrency fields through Gate Ventures’ global network and deep industry expertise.
The fund is presented not only as a financial commitment but also as a strategic initiative offering diversified resources to support Web3 founders in their global ambitions.
