{"id":18059,"date":"2024-12-16T17:45:02","date_gmt":"2024-12-16T17:45:02","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2024\/12\/16\/beam-ventures-to-launch-150m-gaming-fund-in-abu-dhabi\/"},"modified":"2024-12-16T17:45:02","modified_gmt":"2024-12-16T17:45:02","slug":"beam-ventures-to-launch-150m-gaming-fund-in-abu-dhabi","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2024\/12\/16\/beam-ventures-to-launch-150m-gaming-fund-in-abu-dhabi\/","title":{"rendered":"Beam Ventures to Launch $150M Gaming Fund in Abu Dhabi"},"content":{"rendered":"<p><\/p>\n<div>\n<p><a href=\"https:\/\/x.com\/BeamFDN\" target=\"_blank\" rel=\"noopener\">Beam Ventures<\/a> is set to launch a $150 million fund to boost Abu Dhabi and position itself as a major player in the global gaming industry.<\/p>\n<p>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.<\/p>\n<p>This initiative builds on Abu Dhabi\u2019s 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 <a href=\"https:\/\/nftplazas.com\/parallel-on-aethir-cloud\/\" target=\"_blank\" rel=\"noopener\">Aethir Cloud,<\/a> Beam Ventures plans to create a robust infrastructure to support innovation in the region.<\/p>\n<figure id=\"attachment_77642\" aria-describedby=\"caption-attachment-77642\" style=\"width: 800px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-77642\" class=\"wp-caption-text\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-77642 size-full lazyload\" src=\"https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/beam-ventures-to-launch-150m-gaming-fund-what-is-beam-ventures.webp\" alt=\"What is Beam Ventures?\" width=\"800\" height=\"448\" srcset=\"https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/beam-ventures-to-launch-150m-gaming-fund-what-is-beam-ventures.webp 800w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/beam-ventures-to-launch-150m-gaming-fund-what-is-beam-ventures-300x168.webp 300w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/beam-ventures-to-launch-150m-gaming-fund-what-is-beam-ventures-768x430.webp 768w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/beam-ventures-to-launch-150m-gaming-fund-what-is-beam-ventures-370x207.webp 370w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/beam-ventures-to-launch-150m-gaming-fund-what-is-beam-ventures-760x426.webp 760w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/beam-ventures-to-launch-150m-gaming-fund-what-is-beam-ventures-270x152.webp 270w\" sizes=\"(max-width: 800px) 100vw, 800px\"\/><\/noscript> Source: Beam Foundation<\/figcaption><\/figure>\n<h2><b>What is Beam Ventures?<\/b><\/h2>\n<p>Beam Ventures began as a gaming subnet under the Merit Circle DAO and has since evolved into a full-scale gaming ecosystem.<\/p>\n<p>The company provides a range of tools, including APIs, <a href=\"https:\/\/nftplazas.com\/software-wallets-2024\/\" target=\"_blank\" rel=\"noopener\">wallets,<\/a> bridges, and analytics, tailored for game developers and players. Its solutions are optimized for web3 gaming, enabling seamless transactions and efficient operations.<\/p>\n<p>Beam powers several games, including <em>Trial Xtreme,<\/em>\u00a0<em>Walker World,<\/em> and <em>Hash Rush,<\/em> all of which run on the <a href=\"https:\/\/nftplazas.com\/avalanche-blockchain-guide-2024\/\" target=\"_blank\" rel=\"noopener\">Avalanche<\/a> Subnet. By focusing on the integration of blockchain and gaming, Beam Ventures aims to drive innovation and create opportunities for developers and players alike.<\/p>\n<figure id=\"attachment_77643\" aria-describedby=\"caption-attachment-77643\" style=\"width: 800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-77643 size-full lazyload\" src=\"https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/beam-ventures-to-launch-150m-gaming-fund-beams-global-expansion.webp\" alt=\"Beam Ventures Moving towards Global Expansion\" width=\"800\" height=\"448\"\/><figcaption id=\"caption-attachment-77643\" class=\"wp-caption-text\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-77643 size-full lazyload\" src=\"https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/beam-ventures-to-launch-150m-gaming-fund-beams-global-expansion.webp\" alt=\"Beam Ventures Moving towards Global Expansion\" width=\"800\" height=\"448\" srcset=\"https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/beam-ventures-to-launch-150m-gaming-fund-beams-global-expansion.webp 800w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/beam-ventures-to-launch-150m-gaming-fund-beams-global-expansion-300x168.webp 300w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/beam-ventures-to-launch-150m-gaming-fund-beams-global-expansion-768x430.webp 768w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/beam-ventures-to-launch-150m-gaming-fund-beams-global-expansion-370x207.webp 370w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/beam-ventures-to-launch-150m-gaming-fund-beams-global-expansion-760x426.webp 760w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/beam-ventures-to-launch-150m-gaming-fund-beams-global-expansion-270x152.webp 270w\" sizes=\"(max-width: 800px) 100vw, 800px\"\/><\/noscript> Source: Beam Foundation<\/figcaption><\/figure>\n<h2><strong>Moving Towards Global Expansion<\/strong><\/h2>\n<p>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.<\/p>\n<p>In addition to the gaming fund, Beam Ventures announced three other key projects designed to complement its efforts:<\/p>\n<ul>\n<li><strong>BeamAI:<\/strong> A division dedicated to creating self-learning AI agents for operational tasks. BeamAI\u2019s first research paper is scheduled for release in the coming weeks.<\/li>\n<li><strong>Beam L1:<\/strong> A blockchain upgrade leveraging Avalanche\u2019s Etna technology to significantly reduce costs and improve efficiency, making Beam\u2019s blockchain solutions more accessible to developers.<\/li>\n<li><strong>Beam Nodes:<\/strong> A grant program aimed at incentivizing validators and enhancing the security and scalability of the network.<\/li>\n<\/ul>\n<p>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.<\/p>\n<\/div>\n<p><a href=\"https:\/\/nftplazas.com\/beam-ventures-to-launch-150m-gaming-fund\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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). [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[16],"tags":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/beam-ventures-to-launch-150m-gaming-fund-social.webp","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/18059"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=18059"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/18059\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/18060"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=18059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=18059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=18059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}