Gate Ventures, the venture capital arm of Gate.io, and the Abu Dhabi Blockchain Center, a global Web3 technology center, announced the launch of Falcon Gate Ventures, a $100 million fund dedicated to driving innovation in the Web3 field in the next few years. The partnership aims to support Web3 developers who are focused on leading change in the digital age, while demonstrating Gate Ventures' global vision and layout.
Falcon Gate Ventures is committed to developing decentralized infrastructure and applications and promoting the widespread use of cutting-edge technologies. It will support high-potential projects around the world, focusing on technological innovation in the Middle East, Asia, the United States and other key regions. The fund plans to promote the growth of the global Web3 ecosystem, promote economic development and consolidate the UAE's position as an international digital economy hub. In addition, Falcon Gate Ventures will work closely with international regulators to develop a regulatory system that balances innovation and security.
Gate Ventures partner Kevin Yang said that Falcon Gate Ventures is an important action taken by Gate in promoting global blockchain innovation, and will work with the Abu Dhabi Blockchain Center to invest in the digital future and support innovative ideas around the world.