Beam Ventures is set to launch a $150 million fund to boost Abu Dhabi and position itself as a major player in the global gaming industry.
This initiative aims to establish the emirate as a hub for gaming innovation and will support startups working on blockchain, artificial intelligence (AI), and virtual and augmented reality (VR/AR). Additionally, a web3 gaming accelerator, set to launch in early 2025, will provide resources and mentorship to early-stage companies.
This initiative builds on Abu Dhabi’s existing efforts to become a gaming and technology hub. The emirate has already hosted prominent gaming events, such as esports tournaments and industry summits. Through partnerships with organizations like Sophon and Aethir Cloud, Beam Ventures plans to create a robust infrastructure to support innovation in the region.
Source: Beam FoundationWhat is Beam Ventures?
Beam Ventures began as a gaming subnet under the Merit Circle DAO and has since evolved into a full-scale gaming ecosystem.
The company provides a range of tools, including APIs, wallets, bridges, and analytics, tailored for game developers and players. Its solutions are optimized for web3 gaming, enabling seamless transactions and efficient operations.
Beam powers several games, including Trial Xtreme, Walker World, and Hash Rush, all of which run on the Avalanche Subnet. By focusing on the integration of blockchain and gaming, Beam Ventures aims to drive innovation and create opportunities for developers and players alike.
Source: Beam FoundationMoving Towards Global Expansion
The $150 million fund is being launched under the Abu Dhabi Global Market (ADGM), with a focus on advancing emerging technologies in the gaming sector, to provide mentorship, funding, and resources to startups in blockchain, AI, and VR/AR.
In addition to the gaming fund, Beam Ventures announced three other key projects designed to complement its efforts:
- BeamAI: A division dedicated to creating self-learning AI agents for operational tasks. BeamAI’s first research paper is scheduled for release in the coming weeks.
- Beam L1: A blockchain upgrade leveraging Avalanche’s Etna technology to significantly reduce costs and improve efficiency, making Beam’s blockchain solutions more accessible to developers.
- Beam Nodes: A grant program aimed at incentivizing validators and enhancing the security and scalability of the network.
With the web3 accelerator set to launch in 2025, the emirate is expected to attract a diverse range of talent and investment. Startups accepted into the accelerator will gain access to expertise and infrastructure that can help scale their operations globally.
