Gate.io and Abu Dhabi Blockchain Center Launch $100 Million Web3 Fund

Gate.io’s investment arm, Gate Ventures, has partnered with Abu Dhabi’s Blockchain Center to create a new $100 million fund, named Falcon Gate Ventures, aimed at advancing Web3 technologies.

The fund, announced on August 19, seeks to boost the development of decentralized infrastructure and applications.

It will support projects and talent across the U.S., Asia, Europe, and the MENA region.

The Blockchain Center, recently established, aims to position Abu Dhabi as a leading hub for blockchain innovation.

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Gate Ventures’ Kevin Yang highlighted that this collaboration is a significant step toward advancing global blockchain progress.

In other UAE developments, Ras Al Khaimah Bank is working with Bitpanda Technology Solutions on a digital asset management platform, pending Central Bank approval.

Additionally, a recent Dubai court ruling allows an employee to receive their salary in cryptocurrency, reflecting a shift in legal attitudes towards digital assets.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.