Gate Ventures and the Blockchain Center in Abu Dhabi have launched Falcon Gate Ventures, a $100 million fund aimed at boosting global Web3 innovation. This collaboration combines the strengths of both organizations to support new blockchain projects around the world.
In a recent blog post, Gate. io shared details of their new partnership with the Blockchain Center. The idea is to execute future-oriented blockchain projects by relying on their experience. Speaking about the choice of partners, Abdulla, the CEO of the Blockchain Center, stated that Gate Ventures was particularly suitable because of the company’s experience in the field and successful previous work with digital assets. He feels that this partnership will go a long way in fostering the growth and development of blockchain technology.
Kevin Yang, the Managing Partner at Gate Ventures, also pointed out that the new fund would play a critical role in the advancement of blockchain across the globe. He said that this was exciting as Falcon Gate Ventures could aid in the deployment of decentralized solutions and contribute to startups around the globe.
New Fund to Enhance Blockchain Education and Innovation Worldwide
Falcon Gate Ventures aims to create a difference by investing in various projects that are technology-based in various parts of the globe, such as the USA, Asia, Europe, and the Middle East. It also means that it is not merely financial support but a place for cooperation that will help make international partnerships and develop technologies.
It will also be used to finance educational and research activities in blockchain. Through supporting programs, it will foster young talent and enhance the level of skills that professionals in the country possess. Moreover, Falcon Gate Ventures is to contribute to the fulfillment of the UAE vision to become one of the top hubs for digital advancements.
This collaboration between Gate Ventures and the Blockchain Center will aim to promote blockchain solutions and develop the decentralized ecosystem worldwide. Therefore, Falcon Gate Ventures will only invest in promising projects, and its overall goal will be to boost the economic development of the UAE and strengthen its role in the international digital economy.
This news is republished from another source. You can check the original article here
