Abu Dhabi-based Beam Ventures launches with $150 million fund

The inspiration behind the Beam blockchain has introduced Beam Ventures, a $150 million web3 AI gaming fund and accelerator that’s based mostly in Abu Dhabi.

The supply of its funding hasn’t been introduced and Beam Ventures hasn’t but made any investments.

The situation of the fund is critical as a part of its remit shall be to advertise Abu Dhabi as a location for gaming startups by its accelerator’s actions and collaboration with present native entities.

Beam Ventures says it’s the primary gaming-focused certified investor fund in Abu Dhabi.

Beam is operated by Benefit Circle, which is itself an lively investor in blockchain video games, and which has a treasury of tokens and NFTs price over $200 million, though the Beam Basis is ready up as a legally-independent entity.

“We’re satisfied that Abu Dhabi is ready to be the epicenter of the world’s most enjoyable, pioneering tech and gaming innovation for years and a long time to return.  We've got at all times sought the leading edge at Beam Ventures – and we all know that with this collaboration we've discovered precisely that. We sit up for different cutting-edge creators and founders becoming a member of us on this journey,” commented its chief technique officer Mark Borsten.

“Over the previous three years, we've constructed a strong gaming infrastructure in Abu Dhabi, and establishing a devoted gaming fund is a vital step in guaranteeing that this ecosystem continues to thrive. This initiative aligns seamlessly with our Abu Dhabi Gaming efforts, reflecting our dedication to welcoming investments within the gaming business and highlighting the belief and confidence traders have in our ecosystem,” added Abu Dhabi’s strategic affairs government director on the division of tradition and tourism, Saeed Al Fazari.

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