9 months ago
Gate Ventures, the task superior limb of Gate.io exchange, has partnered with Abu Dhabi’s Blockchain Center to motorboat Falcon Gate, a $100 cardinal Web3 innovation fund, according to a connection shared with CryptoSlate.
The money aims to enactment the planetary Web3 sector, focusing connected outreach, economical impact, and regulatory commitment.
Falcon Gate
Falcon Gate aims to backmost high-potential projects successful the Middle East, Asia, the US, and different regions, aiming to substance maturation successful the planetary Web3 ecosystem and boost economical improvement successful the sector.
Additionally, Falcon Gate volition collaborate with planetary regulators to make frameworks that promote innovation portion safeguarding users.
Furthermore, the inaugural volition leverage resources from some parties to beforehand blockchain innovation. This includes processing blockchain solutions, supporting acquisition and research, and fostering cross-border collaborations.
Blockchain Center emphasized that the concern aligns with its ngo to enactment high-potential blockchain projects. According to the CEO’s statement:
“Gate Ventures shares our committedness to fostering cutting-edge technologies, and with their planetary web and insights, we are assured that this concern volition accelerate the adoption and interaction of blockchain innovations, some successful the UAE and internationally.”
Kevin Yang, Managing Partner of Gate Ventures, described the concern arsenic an concern successful the integer future. He noted that it aligns with Gate Ventures’ ngo to beforehand planetary blockchain innovation.
Pro-crypto
This task supports the UAE’s ambition to pb successful the integer economy, reinforcing its relation arsenic a hub for blockchain innovation. In caller years, the UAE has go a preferred destination for crypto firms seeking supportive investors and regulators.
Earlier this month, Ripple announced plans to beforehand blockchain adoption successful the Middle East by partnering with the Dubai International Financial Centre (DIFC) Innovation Hub.
More recently, a Dubai Court ruled that crypto payments for salaries nether employment contracts are legally valid, marking a important measurement guardant successful the region’s crypto-friendly approach.
The station Gate Ventures partners with Abu Dhabi Blockchain Center for $100 cardinal Web3 fund appeared archetypal connected CryptoSlate.
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