Gate Ventures, the venture capital division of Gate.io, has recently announced its new collaboration with the Morph Venture Capital Collective.
Kevin Yang, the Managing Partner of Gate Ventures, expressed enthusiasm about joining the Morph VC Collective, which he believes aligns perfectly with their mission to propel blockchain innovations.
“Joining forces with other prominent VCs, we aim to diminish the gap between pioneering blockchain projects and the essential resources for their success. We’re eager to contribute to the next surge in consumer adoption that the Morph ecosystem is set to initiate,” stated Yang.
A Network of Innovators
The Morph VC Collective includes esteemed venture capital firms like Pantera Capital, Spartan Group, and Foresight Ventures. Gate Ventures’ entry into this collective aims to bolster the growth of consumer-oriented blockchain applications by providing the necessary funding, strategic partnerships, and mentorship to hasten the development and market introduction of nascent projects.
Gate Ventures will also benefit from access to a select group of promising blockchain initiatives within the Morph ecosystem. This access is expected to strengthen its commitment to nurturing groundbreaking blockchain applications.
Cecilia Hsueh, CEO of Morph, welcomed Gate Ventures, highlighting the strength they bring to the network. “Their inclusion amplifies our robust network of strategic partners dedicated to pushing mainstream blockchain adoption,” remarked Hsueh.
Recent Investments and Future Directions
In addition to this new partnership, Gate Ventures has been actively investing in various blockchain projects. The venture capital firm recently injected $8.5 million into the BugsCoin ecosystem to speed up the development of the ANTTALK trading platform and its associated BGSC token.
Moreover, an impressive commitment of $20 million was made to the BNB Incubation Alliance (BIA), a global initiative by BNB Chain and Binance Labs designed to support emerging blockchain projects and encourage the adoption of Web3 technologies.