Gate Group has partnered with the Abu Dhabi Blockchain Center (ADBC) to establish a $100 million Web3 fund, aiming to accelerate the development of blockchain and Web3 projects in the Middle East. This strategic initiative seeks to position Abu Dhabi as a global hub for blockchain innovation, leveraging the region’s growing interest in decentralized technologies.
The fund will focus on supporting startups and emerging projects that are exploring innovative applications of Web3, blockchain, and related technologies. With Abu Dhabi’s supportive regulatory environment and the expertise of Gate Group, the fund is expected to attract significant interest from global investors and entrepreneurs.
This partnership reflects the UAE’s commitment to becoming a leader in the digital economy, with blockchain and Web3 seen as key drivers of future growth. The $100 million fund is part of a broader strategy to foster an ecosystem where new ideas and technologies can thrive, contributing to the diversification of the region’s economy.
Gate Group, a leading digital asset service provider, brings extensive experience in blockchain and cryptocurrency to the collaboration. By working with the ADBC, the group aims to harness local talent and resources to build a robust pipeline of projects that can compete on the global stage.
The launch of the Web3 fund is a significant milestone in the Middle East’s blockchain journey, signaling a strong commitment to advancing the region’s digital transformation and solidifying its role as a key player in the global blockchain arena.
