Gate Ventures, part of Gate.io, and the Blockchain Center in Abu Dhabi have announced a collaboration on a $100 million fund to support early-stage blockchain firms. The new fund, Falcon Gate Ventures, is on a mission to drive blockchain innovation on a global scale.
Abdulla Al Dhaheri, CEO of the Blockchain Center in Abu Dhabi, said the partnership with Gate Ventures was a natural decision for them as they bring deep experience in the sector.
“We believe that together, we can create a powerful synergy that will drive forward our mission to support and scale high-potential blockchain projects. Gate Ventures shares our commitment to fostering cutting-edge technologies, and with their global network and insights, we are confident that this partnership will accelerate the adoption and impact of blockchain innovations, both in the UAE and internationally.”
Falcon Gate Ventures aims to “discover and support projects poised to shape the future of blockchain technology and digital assets.”
Abu Dhabi is a jurisdiction that has sought to support blockchain innovation, providing private firms with a vantage point to expand services across the MENA region and around the world.
