Beam Foundation sets up UAE’s first gaming fund in ADGM

Abu Dhabi is getting a USD 150 mn gaming fund: Beam Foundation launched Beam Ventures, the UAE’s first gaming-focused venture fund and accelerator, headquartered at the ADGM, according to a press release. The Abu Dhabi-based fund has a total investment size of USD 150 mn.

About the fund: The USD 150 mn fund will focus on innovations in blockchain, gaming, and AI. The firm plans to roll out an accelerator program for web3 gaming and AI startups, offering both in-person and remote participation options.