PANews reported on December 11 that Beam Foundation announced that it will launch Beam Ventures, the first venture fund focusing on the gaming sector in Abu Dhabi. The fund size is US$150 million, aiming to accelerate the development of projects of potential founders and promote Abu Dhabi as a global gaming center.

The fund plans to attract top talent through its accelerator program, support the development of early-stage Web3 gaming and AI startups, and help Abu Dhabi build a thriving gaming ecosystem.