PANews reported on January 20 that Gate Ventures, the venture capital arm of Gate.io, officially announced that it will invest $20 million to support the BNB Incubation Alliance (BIA), a global innovation program jointly launched by BNB Chain and Binance Labs. This strategic investment reflects Gate Ventures' commitment to supporting the development of early blockchain startups through financial support, technical empowerment, and mentorship.

Through this partnership, Gate Ventures will provide developers and entrepreneurs with exclusive programs, joint investment opportunities, and launch services to further promote the innovation and global expansion of Web3 technology. This program highlights Gate Ventures' long-term mission and injects strong momentum into the innovation and global expansion of Web3 technology.