Abu Dhabi Blockchain Center Partners with Gate Ventures on $100M Innovation Fund
Gate Ventures, the venture capital arm of crypto exchange Gate.io, has teamed up with the Abu Dhabi Blockchain Center to launch Falcon Gate Ventures, a $100 million fund dedicated to Web3 innovation.
This fund aims to drive global Web3 growth and establish the UAE as a leading digital economy hub. It will support high-potential projects and technical breakthroughs by leveraging expertise from both partners. Falcon Gate Ventures also plans to work with regulators to balance innovation with user protection. The collaboration highlights a commitment to advancing blockchain technology and fostering global adoption.
Clever Robot News Desk 23rd August 2024
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