Beam Ventures to launch $150 million gaming fund in Abu Dhabi

Beam Ventures is launching a $150 million fund to drive growth in Abu Dhabi and position it as a major player in the global gaming industry.

The initiative aims to establish the UAE as a hub for gaming innovation and will support new startups in the fields of blockchain, artificial intelligence (AI), and virtual and augmented reality (VR/AR). In addition, the web3 games accelerator will launch in early 2025 and will provide resources and guidance to early-stage companies.

This initiative builds on Abu Dhabi’s existing efforts to become a hub for gaming and technology. The emirate already hosts major gaming events such as esports tournaments and industry summits. By partnering with organizations such as Sophon and Aethir Cloud, Beam Ventures plans to create a robust infrastructure to support innovation in the region.

What are Beam Ventures?

Beam Ventures started as a gaming subnet under Merit Circle DAO and later developed into a comprehensive gaming ecosystem.

The company offers a range of tools tailored for game developers and players, including APIs, wallets, bridges and analytics. Its solutions are optimized for web3 gaming, enabling seamless transactions and efficient operations.

Beam powers a number of games, including extreme test, traveler world, and hash dash, All of these 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.

Towards global expansion

The US$150 million fund was launched under the Abu Dhabi Global Market (ADGM) and focuses on advancing emerging technologies in the gaming sector, providing guidance to new startups in the fields of blockchain, artificial intelligence and VR/AR, funding and resources.

In addition to the gaming fund, Beam Ventures announced three other key projects designed to complement its efforts:

• Beam Artificial Intelligence: A division dedicated to creating self-learning artificial intelligence agents for operational tasks. BeamAI’s first research paper is scheduled to be published in the coming weeks.
• Liang L1: Utilizing Avalanche’s Etna technology for blockchain upgrades can significantly reduce costs and improve efficiency, making it easier for developers to use Beam’s blockchain solutions.
• Beam nodes: A grant program designed to incentivize validators and enhance the security and scalability of the network.

With the web3 accelerator set to launch in 2025, the emirate is expected to attract diverse talent and investment. Startups joining the accelerator will receive expertise and infrastructure to help scale their global operations.