Gate Ventures partners with Abu Dhabi Blockchain Center for $100 million Web3 fund
Gate Ventures partners with Abu Dhabi Blockchain Heart for $100 million Web3 fund Gate Ventures partners with Abu Dhabi Blockchain Heart for $100 million Web3 fund
The Falcon Gate fund displays UAE's ambition to transform a high crypto hub.
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Gate Ventures, the venture capital arm of Gate.io alternate, has partnered with Abu Dhabi’s Blockchain Heart to originate Falcon Gate, a $100 million Web3 innovation fund, in accordance with an announcement shared with CryptoSlate.
The fund objectives to enhance the global Web3 sector, specializing in outreach, financial impact, and regulatory dedication.
Falcon Gate
Falcon Gate objectives to encourage high-doable projects in the Middle East, Asia, the US, and diversified regions, aiming to gasoline improve in the global Web3 ecosystem and enhance financial constructing in the sphere.
Furthermore, Falcon Gate will collaborate with international regulators to create frameworks that support innovation while safeguarding users.
Furthermore, the initiative will leverage sources from both events to achieve blockchain innovation. This involves creating blockchain solutions, supporting training and study, and fostering depraved-border collaborations.
Blockchain Heart emphasised that the partnership aligns with its mission to enhance high-doable blockchain projects. Per the CEO’s assertion:
“Gate Ventures shares our dedication to fostering cutting-edge applied sciences, and with their global network and insights, we're confident that this partnership will bustle up the adoption and impact of blockchain innovations, both in the UAE and internationally.”
Kevin Yang, Managing Partner of Gate Ventures, described the partnership as an investment in the digital future. He renowned that it aligns with Gate Ventures’ mission to achieve global blockchain innovation.
Pro-crypto
This venture helps the UAE’s ambition to handbook in the digital economy, reinforcing its characteristic as a hub for blockchain innovation. In contemporary times, the UAE has transform a most smartly-liked scoot space for crypto corporations seeking out supportive merchants and regulators.
Earlier this month, Ripple launched plans to promote blockchain adoption in the Middle East by partnering with the Dubai Worldwide Monetary Centre (DIFC) Innovation Hub.
More only lately, a Dubai Court dominated that crypto payments for salaries below employment contracts are legally genuine, marking a significant step forward in the trouble’s crypto-friendly manner.
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