August 19, 2024 Panama – Gate Ventures, the venture capital arm of Gate.io, and the Abu Dhabi Blockchain Center, the global hub for Web3 technologies, are pleased to unveil Falcon Gate Ventures, a $100 million fund aimed at driving Web3 innovation in the coming years. This joint venture initiative takes a global stance to support Web3 creators who are committed to reshaping the world in the digital age.
A strategic partnership for global impact
Gate Ventures and the Blockchain Center are synergizing their expertise and resources to support young talents from key regions such as the United States, Asia, Europe and MENA. Falcon Gate Ventures is dedicated to advancing decentralized infrastructure and applications and accelerating the adoption of pioneering technologies.
Falcon Gate Ventures Strategic Pillars
- Worldwide coverage: The fund will support high-potential projects worldwide, with a focus on technical advances in the Middle East, Asia, the United States and other key regions.
- Economic impact: The initiative is expected to drive growth within the global Web3 ecosystem, advancing economic development and strengthening the UAE’s position as a hub for the international digital economy.
- Regulatory commitment: Falcon Gate Ventures will work closely with international regulatory authorities to develop frameworks that foster innovation and ensure user protection globally.
The Vision Behind Falcon Gate Ventures
“Choosing Gate Ventures as our partner for this joint fund was a natural fit for us. Gate Ventures brings a wealth of experience and a proven track record in the blockchain and digital asset space. Their deep industry expertise, combined with their innovative approach to investing, aligns perfectly with our vision for Blockchain Center Abu Dhabi,” said Abdulla, CEO of Blockchain Center Abu Dhabi. “We believe that together we can create a powerful synergy that will advance our mission of supporting and scaling high-potential blockchain projects. Gate Ventures shares our commitment to advancing cutting-edge technologies, and with their global network and knowledge, we are confident that this partnership will accelerate the adoption and impact of blockchain innovations, both in the UAE and internationally.”
Falcon Gate Ventures is not only a financial commitment, but also a strategic initiative that brings diversified resources to nurture Web3 founders with global aspirations. Leveraging the vast network and expertise of Gate Ventures and the Blockchain Center, Falcon Gate Ventures seeks to discover and support projects that are poised to shape the future of blockchain technology and digital assets.
“Falcon Gate Ventures marks an important milestone in our mission to advance global blockchain innovation,” said Kevin Yang, Managing Partner of Gate Ventures. “In partnership with the Blockchain Center Abu Dhabi, we are investing in the digital future, supporting transformative ideas across every continent.”
Catalyzing Blockchain Advances Globally
Leveraging combined resources and a unified vision, Falcon Gate Ventures is positioned to drive blockchain innovation globally. The company aims to:
- Fostering innovation: Accelerate the deployment of blockchain solutions by financing innovative projects and startups around the world.
- Supporting education and research: Building a skilled global workforce by investing in education and research initiatives.
- Facilitating cross-border collaboration: Promote technological progress and economic development by promoting international partnerships.
Falcon Gate Ventures is part of the UAE’s vision to become a global leader in the digital economy. This initiative reinforces the country’s position as a blockchain innovation hub and a magnet for international talent. Together, Gate Ventures and the Blockchain Center are not just investing in the future, they are actively shaping it. This partnership ushers in a new era of disruptive innovation that transcends borders and delivers lasting global impact.
About Gate Ventures
Gate Ventures is the venture capital arm of Gate.io, one of the world’s largest and most trusted cryptocurrency exchanges. Specializing in early-stage investments in blockchain technology and digital assets, Gate Ventures drives innovation and growth in the global blockchain ecosystem.
About Abu Dhabi Blockchain Center
The Blockchain Center Abu Dhabi is at the forefront of the blockchain and digital asset industry, fostering education, research and innovation. The Center plays a vital role in shaping the blockchain landscape in the UAE and around the world.
