Quick take:
- The initiative seeks to stimulate growth within the global Web3 ecosystem and reinforce the UAE’s position as a central hub in the international digital economy.
- Falcon Ventures will collaborate with global regulators to develop a framework that fosters innovation whilst ensuring user protection.
- The venture fund also seeks to build a skilled workforce by investing in education and research initiatives.
Gate Ventures, the venture arm of the crypto exchange platform Gate.io has teamed up with the Blockchain Center in Abu Dhabi, the UAE-based global hub for Web3 technologies to launch Falcon Gate Ventures. The new Web3 venture firm is focused on backing builders from the USA, Asia, Europe, and the MENA region.
The new fund seeks to foster the global growth of the Web3 ecosystem by providing support for high-potential projects worldwide and investing in education and research initiatives to build a skilled workforce.
Falcon Ventures will collaborate with global regulators to develop a framework that fosters innovation whilst ensuring user protection. The initiative reinforces the UAE’s position as a central hub in the international digital economy.
Commenting on the announcement, Abdulla, CEO of the Blockchain Center in Abu Dhabi said in a statement: “Gate Ventures brings a wealth of experience and a proven track record in the blockchain and digital assets space. Their deep industry expertise, combined with their innovative approach to investing, aligns perfectly with our vision at the Blockchain Center in Abu Dhabi.”
“Falcon Gate Ventures marks a significant step in our mission to advance global blockchain innovation,” said Kevin Yang, Managing Partner at Gate Ventures. “In partnership with the Blockchain Center in Abu Dhabi, we are investing in the digital future, supporting transformative ideas across continents.”
The Blockchain Center in Abu Dhabi wants to leverage this partnership to continue attracting global talent to the region as it cements its position as a hub for blockchain innovation.
The two organisations believe the initiative will “pave the way for a new era of disruptive innovation, one that transcends borders and delivers lasting global impact.”
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