In the news on August 20th, Gate Ventures and Abu Dhabi Blockchain Center announced this collaboration. The Falcon Gate Ventures fund will focus on supporting Web3 developers leading change in the digital era, while demonstrating Gate Ventures' commitment to driving global blockchain innovation and its global strategic layout. Fund Partner Kevin Yang stated that this move is a significant step for Gate in promoting global blockchain innovation, aiming to co-invest in the digital future with Abu Dhabi Blockchain Center and support innovative ideas worldwide. Falcon Gate Ventures is committed to building decentralized infrastructure and applications, actively promoting the application of cutting-edge technologies. The fund will primarily focus on technological innovations in the Middle East, Asia, the United States, and other key regions, with the goal of fostering the growth of the global Web3 ecosystem, promoting economic development, and solidifying the UAE's position as an international hub for digital economies. Additionally, the fund will closely collaborate with international regulators to jointly establish a regulatory framework that encourages innovation while ensuring safety, ensuring that technological development goes hand in hand with regulatory compliance.