On August 20th, Gate Ventures, the venture capital arm of the Gate.io, and the Abu Dhabi Blockchain Center of the Global Web3 Technology Center announced the launch of Falcon Gate Ventures, a $100 million fund dedicated to driving innovation in the Web3 space in the next few years. The partnership aims to support Web3 developers who are focused on leading change in the digital age, while demonstrating the global vision and layout of Gate Ventures. Kevin Yang, a partner at Gate Ventures, said Falcon Gate Ventures is an important move by Gate in driving global blockchain innovation and will partner with the Abu Dhabi Blockchain Center to invest in the digital future and support innovative ideas on a global scale. Falcon Gate Ventures is committed to developing decentralized infrastructure and applications and driving the widespread adoption of cutting-edge technologies. It will support high-potential projects globally, with a focus on technological innovation in the Middle East, Asia, the United States and other key regions. The fund plans to drive growth in the global Web3 ecosystem, boost economic development and solidify the UAE's position as a central hub of the international digital economy. In addition, Falcon Gate Ventures will work closely with international regulators to develop a regulatory system that balances innovation with security.