Curated News
By: NewsRamp Editorial Staff
August 19, 2024
Gate Ventures and Blockchain Center Launch $100M Falcon Gate Ventures Fund
TLDR
- Falcon Gate Ventures, a $100 million fund, aims to drive Web3 innovation globally.
- Falcon Gate Ventures will fund high-potential Web3 projects worldwide and work with regulatory authorities.
- Falcon Gate Ventures strengthens the UAE's position as a global hub for blockchain innovation, fostering economic development and international partnerships.
- Falcon Gate Ventures is a strategic $100 million fund aiming to drive Web3 innovation globally, strengthening the UAE's position as a global hub for blockchain innovation.
Impact - Why it Matters
This news matters because it represents a significant step in advancing global blockchain innovation, with the potential to shape the future of blockchain technology and digital assets. The initiative aims to foster innovation, support education and research, and facilitate cross-border collaboration, aligning with the UAE's vision to become a global leader in the digital economy. This partnership is paving the way for a new era of disruptive innovation that transcends borders and delivers lasting global impact.
Summary
Gate Ventures, the venture capital arm of Gate.io, and the Blockchain Center in Abu Dhabi, have announced the launch of Falcon Gate Ventures, a $100 million fund dedicated to driving Web3 innovation worldwide. The initiative aims to support Web3 builders committed to reshaping the digital age, with a focus on decentralized infrastructure and applications. The partnership between Gate Ventures and the Blockchain Center seeks to foster global blockchain innovation and economic development, while reinforcing the UAE's position as a central hub in the international digital economy.
Source Statement
This curated news summary relied on this press release disributed by BlockchainWire. Read the source press release here, Gate Ventures and Blockchain Center Launch $100M Falcon Gate Ventures Fund
