tl;dr
Gate Ventures, Movement Labs, and Boon Ventures have announced the creation of a $20 million fund to advance Move-based blockchain technology in the Web3 space. The fund aims to invest in innovative projects and enhance Move-based blockchain technologies, focusing on accelerating adoption, improving...
Gate Ventures, Movement Labs, and Boon Ventures have announced the creation of a $20 million fund to advance Move-based blockchain technology in the Web3 space. The fund aims to invest in innovative projects and enhance Move-based blockchain technologies, focusing on accelerating adoption, improving security and performance, bridging ecosystems, and driving innovation. The partnership leverages the strengths of each entity, and the fund will implement initiatives such as hackathons, mentorship programs, research grants, and thought leadership summits.
Gate Ventures specializes in blockchain investments, Movement Labs develops Move-based blockchains, and Boon Ventures empowers startups through funding and mentorship. The partners are committed to fostering innovation and providing updates on investments and leading-edge technologies.
Gate Ventures, a global venture capital firm specializing in blockchain; Movement Labs, a leader in Move-based blockchain technology; and Boon Ventures, a prominent investor in emerging tech startups, today announced the establishment of a groundbreaking $20 million fund designed to transform the Web3 space. This strategic alliance will invest in cutting-edge projects and accelerate the development of Move-based blockchain technologies.
The fund will concentrate on four key areas:
- Accelerating the adoption of Move-based blockchain solutions
- Enhancing security and performance in decentralized networks
- Supporting projects that bridge Move and EVM ecosystems
- Driving innovation in Web3 infrastructure and applications
Gate Ventures brings extensive resources, a global network, and deep experience in Web3 investments, enabling strategic partnerships and growth opportunities. Movement Labs offers profound expertise in Move-based blockchain technology, infrastructure, and ecosystem building, while Boon Ventures has a successful track record of empowering innovative startups across multiple sectors through funding, mentorship, and strategic guidance.
To help achieve its goals, the fund will implement several key initiatives:
- Organize global hackathons to stimulate innovation in Move-based technologies and attract top talent.
- Establish a mentorship program connecting industry veterans with promising Web3 startups to provide guidance and expertise.
- Create a research grant program to advance blockchain interoperability solutions, fostering cross-ecosystem collaboration.
- Host quarterly thought leadership summits to address pressing challenges in the Web3 space and drive collective progress.
As the fund deploys its $20 million, the partners are committed to fostering innovation and driving the Web3 space forward. They will provide updates on investments, collaborations, and leading-edge technologies that will define the future of Web3, blockchain, and decentralized applications.
About Gate Ventures:
Gate Ventures is the venture capital arm of Gate.io, one of the world’s largest and most trusted cryptocurrency exchanges, specializing in early-stage investments in blockchain technology and digital assets. The mission is to drive innovation and foster growth across the global blockchain ecosystem. By collaborating with industry leaders worldwide, Gate Ventures supports visionary teams and startups that have the potential to reshape social and financial interactions. As a long-term investor, the organization is committed to offering comprehensive support to its portfolio companies, from product development and operational scaling to global expansion.
About Movement Labs:
Movement Labs develops the Movement Network, an ecosystem of Modular Move-Based Blockchains. The company is creating the first Move Virtual Machine L2 for Ethereum, along with open-source tools to promote Move adoption across blockchains. Their platform enables developers to launch high-performance Move VM rollups easily, bridging Move and EVM ecosystems. Backed by $38 million in Series A funding, Movement Labs is advancing Move-based technologies and blockchain interoperability in Web3. Movement Labs is on a mission to create a global community of Move builders, working together to increase the security, performance, and user experience of building in decentralized networks.
About Boon Ventures:
Boon Ventures is a single-family office spun out of the Boon-Long family, one of the longest-established families in Thailand, in 2015. Since then, it has served as the alternative investment and advisory arm of the Boon-Long family. Boon Ventures is an independent, fast-moving organization with a strong network and partnerships both in Thailand and globally, driven by a mission to foster innovative change, long-term growth, and sustainable value.
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MicroStrategy Incorporated Summary
MicroStrategy Incorporated provides global business analysis software and services. The company is headquartered in Tysons Corner, Virginia.
Sector: TECHNOLOGY
Industry: SERVICES-PREPACKAGED SOFTWARE
Market Cap: 43,076,686,000
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