Global digital assets exchange, Gate.io, has announced the launch of Gate Ventures, a venture capital fund to invest in early-stage cryptocurrency projects.
Gate Ventures is a new global venture capital investment vehicle focused on early-stage investments in decentralized infrastructure, ecosystems and applications that will reshape the world in the new digital age. In addition to support from the existing Gate.io ecosystem, Gate Ventures offers financing, operational resources and industry expertise to the operations it invests in, ensuring companies are better equipped to drive innovation.
“At Gate.io we believe it’s still the early days in the crypto and blockchain industries. There is still a lot of innovation to be done across multiple industries as blockchain technology is embedded into our daily lives. Gate Ventures is an extension of the existing Gate.io ecosystem, which aims to cultivate innovation in the market while promoting the future of finance and technology,” said Marie Tatibouet, Chief Marketing Officer at Gate.io.
Gate Ventures will focus its $100m fund on three main areas; technical and financial infrastructure, ecosystems as well as applications. Gate.io believes continued innovation in Layer 1, Layer 2 and cross-chain solutions will be key to future mass adoption and widespread acceptance of the cryptocurrency market. As the DeFi, NFT and Gaming markets reach new heights, and other new sectors like the ‘metaverse’ emerge, Gate.io aims to remain at the forefront of innovation.
Companies that Gate Ventures invests in are wide-ranging, with investments up to multimillion Dollars in value, in addition to access to resources and the support that’s essential to its success. Gate Ventures will also offer grants to open source projects active in building the future of web3 and open finance. The new endeavour will not only act as an investor, but a builder and cultivator.
To find out more about Gate Ventures or submit an application, please visit ventures.gate.io
About
Gate.io allows blockchain enthusiasts to trade and store assets in over 890 of the leading cryptocurrencies for over 6 million users from over 190 countries. The exchange offers spot, margin, futures and contract trading in addition to DeFi products through HipoDeFi, custodial services through Wallet.io, investments through Gate Labs and it’s dedicated GateChain platform. The company also offers a wholly integrated suite of products such as its Startup IEO platform, NFT Magic Box marketplace, crypto loans and more.