Gate Ventures and Abu Dhabi Blockchain Center Unveil $100 Million Web3 Innovation Fund
Monday, 19 August 2024, 08:38
Overview of the $100 Million Fund
Gate Ventures and Abu Dhabi's Blockchain Center have officially launched Falcon Gate Ventures, a significant initiative aimed at fostering global Web3 innovation with a capital infusion of $100 million. This fund targets startups and established companies focused on decentralization and blockchain technology.
Goals of Falcon Gate Ventures
- Support innovation: The fund aims to empower pioneering projects that contribute to the Web3 ecosystem.
- Foster collaboration: Encouraging partnerships between startups and established companies to leverage blockchain technology effectively.
- Position the region: Establish Abu Dhabi as a prime location for technological advancements.
Investment Strategy
Falcon Gate Ventures will deploy its funds strategically across a variety of sectors including finance, healthcare, and entertainment, all of which are positioned to benefit from Web3 advancements.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.