Dubai, the commercial hub of the United Arab Emirates, continues to position itself as a hub for technological advances, particularly in the crypto sector. Recently, Solana, one of the world’s largest blockchains, consolidated its presence at the Dubai Multi Commodities Centre (DMCC).
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Solana joins forces with Dubai’s DMCC to boost Web3
The Solana Foundation, a major player in the blockchain world, has teamed up with the Dubai Multi Commodities Centre (DMCC) Free Trade Zone. This partnership aims to strengthen Web3’s presence in Dubai. Thanks to solid technical support, Solana aims to drive the growth of the metropolis’ crypto ecosystem.
The DMCC Crypto Center which hosts a community of more than 550 companies specializing in crypto, is positioned as the hub of blockchain and cryptocurrency in the region. The integration of Solana with a market capitalization exceeding $9 billion, will intensify innovation and evolution at the heart of this center.
This collaboration promises significant mutual benefits. Ahmed Bin Sulayem, DMCC CEO, announced that projects in the Solana ecosystem would benefit from free installations and commercial licenses. This generosity reflects DMCC to create an enabling environment for Web3 businesses.
Providing this kind of favorable environment is our fundamental philosophy for the DMCC Crypto Centre. It is through this strategy that we have developed one of the most dynamic and value-creating ecosystems for Web3 businesses, offering the largest concentration of crypto, blockchain and Web3 companies in the MENA region.Statement by Ahmed Bin
Beyond this strategic agreement, Solana will organize training sessions and webinars focusing on various Web3-related topics. These initiatives illustrate Solana to deepen the knowledge and awareness of the crypto community.
A strategic alliance to redefine the future of Web3 in the MENA region and beyond
The constellation of DMCC Crypto Center is impressive, encompassing players such as Bybit, Hacken and Brinc. These associations evoke the ambition of DMCC from guiding the transformation of Web3 in the MENA region.
DMCC affiliates bring essential technologies and services to Web3. With allies such as Solana, the center has become a breeding ground for companies seeking to harness the new potential of digital technology.
The rise of Solana is not limited to Dubai. Recently, his outstanding performance made headlines, attracting major investments to the tune of $24 million. This is its biggest fund-raising since March 2022, consolidating its stature on the international scene.
By combining Solana’s talents with the resources of the DMCC in Dubai, Web3’s horizon for the MENA region seems to be brightening with opportunities. This strategic collaboration could usher in a new period of innovation for blockchain and cryptocurrency, not only locally, but internationally too.
As a journalist at Coinpri, I’ve been captivated by the world of bitcoin and blockchain since 2020. The decentralized aspect of Bitcoin particularly piqued my interest. Since then, I’ve been working constantly to spread my knowledge, hoping one day to see a world where everyone fully enjoys their financial freedom.