{"id":90293,"date":"2024-08-19T10:38:43","date_gmt":"2024-08-19T14:38:43","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=90293"},"modified":"2024-08-19T10:39:08","modified_gmt":"2024-08-19T14:39:08","slug":"gate-io-abu-dhabi-blockchain-100m-web3-fund","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/gate-io-abu-dhabi-blockchain-100m-web3-fund\/","title":{"rendered":"Gate.io, Abu Dhabi Blockchain Center Partner to Launch $100M Web3 Fund"},"content":{"rendered":"\n

Gate Ventures, the venture capital branch of Gate.io, has partnered with the Blockchain Center in Abu Dhabi<\/a> to establish a $100 million fund dedicated to advancing Web3 innovation in the US, Asia, Europe and the MENA region.<\/p>\n\n\n\n

\"Gate.io,
Gate.io, Abu Dhabi Blockchain Center Partner to Launch $100M Web3 Fund <\/figcaption><\/figure>\n\n\n\n

On August 19, Gate.io announced the establishment of Falcon Gate Ventures, a joint venture that assists Web3 developers. <\/p>\n\n\n\n

The fund is intended to “accelerate the adoption of pioneering technologies and advance decentralized infrastructure and applications,” according to the exchange's venture arm.<\/p>\n\n\n\n

The two organizations will combine their resources and expertise to assist talent from critical regions such as the United States, Asia, Europe, the Middle East, and North Africa (MENA).<\/p>\n\n\n\n

Abu Dhabi Blockchain Center to scale-up of high-potential initiatives<\/h2>\n\n\n\n

According to Abdulla Al Dhaheri, the CEO of the Blockchain Center in Abu Dhabi, the partnership's objective is to cultivate and expand “high-potential” blockchain initiatives. According to the executive, Gate Ventures is committed to expediting the adoption and impact of blockchain innovation in the UAE and globally.<\/p>\n\n\n\n

The official unveiling of the Blockchain Center in Abu Dhabi on August 1 signified a significant milestone in the region's dedication to blockchain innovation. <\/p>\n\n\n\n

The organization's objective is to establish Abu Dhabi as a global leader in blockchain and to establish an ecosystem that provides comprehensive services and initiatives to academic institutions, enterprises, and entrepreneurs.<\/p>\n\n\n\n

The managing partner of Gate Ventures, Kevin Yang, stated that the partnership is an investment in the digital future that will facilitate blockchain innovation<\/a> worldwide.<\/p>\n\n\n\n

The UAE continues integrating digital assets into its traditional banking sector, including employee salary payments and fostering blockchain innovation.<\/p>\n\n\n\n

Ras Al Khaimah Bank explores digital asset management<\/h2>\n\n\n\n

On August 19, the National Bank of Ras Al Khaimah (RAKBANK) announced a partnership with Bitpanda Technology Solutions, a provider of crypto infrastructure, to develop a digital asset management platform for UAE residents.<\/p>\n\n\n\n

The initiative is still pending approval from the Central Bank of the United Arab Emirates (CBUAE) despite the team's announcement of the joint effort.<\/p>\n\n\n\n

The Dubai Court has acknowledged that cryptocurrency is a form of compensation.<\/p>\n\n\n\n

Irina Heaver, a counsel in the UAE, stated on August 16 that the judiciary's approach to crypto was altered by a ruling in case number 1739 of 2024. <\/p>\n\n\n\n

The Dubai Court of First Instance \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>ruled favouring an employee who filed a lawsuit against their employer to receive their salary in cryptocurrency, as outlined in their employment contract.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Gate Ventures, the venture capital branch of Gate.io, has partnered with the Blockchain Center in Abu Dhabi to establish a $100 million fund dedicated to advancing Web3 innovation in the US, Asia, Europe and the MENA region. On August 19, Gate.io announced the establishment of Falcon Gate Ventures, a joint venture that assists Web3 developers. […]<\/p>\n","protected":false},"author":12,"featured_media":90298,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9619],"tags":[21366,11870,21365],"class_list":["post-90293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-web3-news","tag-abu-dhabi-blockchain-center","tag-gate-io","tag-web3-fund"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/08\/gate.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/90293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=90293"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/90293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/90298"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=90293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=90293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=90293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}