Abu Dhabi Launches $2 Billion Fund To Boost The Growth Of Web 3 Startups

Hub71 launched a new project named “Hub71+ Digital Assets," which is set to receive capital backing of over US$2 billion.

The aim of this initiative is to promote and support the development of Web3-based innovations, and metaverse applications.

Hub71 is a tech startup hub located in Abu Dhabi, It was established in 2019 as part of the govt's efforts to promote innovation and entrepreneurship