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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:

  1. Accelerating the adoption of Move-based blockchain solutions
  2. Enhancing security and performance in decentralized networks
  3. Supporting projects that bridge Move and EVM ecosystems
  4. Driving innovation in Web3 infrastructure and applications