The partnership leverages the unique strengths of each entity:
- 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.
- 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.
