🔑 Register an account with Gate.io
👨💼 Complete KYC within 24 hours
🎁 Claim Points Rewards
All Devices
Exit all terminal accounts APP/PC/WAP
This Device
Exit the current web account
Gate Blog
Your Gateway to crypto news and insights
Gate Labs Expanded Web3 Investment Layout in Q3 Despite Market
31 October 15:06
Following an unstable market and a large shakeout, Q3 venture capital investment activity in crypto startups went down, including those from investment arms of exchanges. However, Gate Labs, the startup incubator led by crypto trading platform Gate.io, was way up in Q3.
The widening of Gate Labs' investment portfolio looks unaffected by the turbulent market in Q3, with a significant focus on Web3 and other decentralized solutions. Gate Labs invested in 22 startups and emerging companies in areas ranging from DeFi and GameFi to NFTs, metaverse, cross-chain solutions, and digital identity.
Some notable investments include IdentDeFi, a startup building a compliant liquidity layer on top of DeFi, and Aspecta, which aims to create a digital identity ecosystem based on web and on-chain data.
Dr. Lin Han, CEO and Founder of Gate.io, said, "There's still a sea of builders who, despite the market, are working on iterating and evolving the broader blockchain ecosystem, especially in Web3. So we don't see the market holding back next-gen ideas from producing real value and solving new problems as blockchain evolves."
The Gate.io crypto exchange has strengthened its Q3 investment portfolio through several of its investment institutions. Aside from Gate Labs, the exchange has invested heavily in the blockchain industry through Gate Ventures, its venture capital arm, and Gate Grants, an R&D and grant funding initiative for startups building decentralized tech.
Gate.io is branching out, diversifying its channels for investing in the space, and building a portfolio focusing on areas that will forge the future of blockchain, such as Web3 and beyond.
Author: Gate.io
*Gate.io reserves all rights to the final decision. The article does not constitute any investment suggestions.
*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
Unbox Your Luck and Get a $6666 Prize
Register Now
Claim 20 Points now
New User Exclusive: complete 2 steps to claim Points immediately!
Claim now
