Gate.io's VC arm and the Blockchain Center in Abu Dhabi launch $100m Falcon Gate Ventures fund to promote global Web3 innovation.

Gate Ventures, the VC arm of crypto exchange Gate.io, and the Blockchain Center in Abu Dhabi launched Falcon Gate Ventures, a $100m joint fund to promote global Web3 innovation. The fund aims to support emerging blockchain initiatives, foster global blockchain innovation, and back educational and research efforts for a skilled workforce. Target regions include the US, Asia, and the Middle East. The partnership aims to expand promising projects and advance the growth of blockchain technology, aligning with the UAE's vision to become a digital economy leader.

August 19, 2024
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