Bitgrit, a prominent global AI startup, has officially launched a Distributed Ledger Technology (DLT) Foundation under the regulatory framework of the Abu Dhabi Global Market (ADGM). This significant milestone paves the way for the introduction of their BGR Network, which is recognized as one of the world’s first Web3 protocols aimed at democratizing AI ownership,...
Bybit, recognized as the world’s second-largest cryptocurrency exchange by trading volume, has entered into a multi-year strategic partnership with Ghaf Labs, a Web3 advisory and consultancy firm based in the Middle East and North Africa (MENA). The two organizations have signed a Memorandum of Understanding (MOU) aimed at promoting cryptocurrency adoption, developing the ecosystem, and...
Animoca Brands, a Hong Kong-based company specializing in Web3 technologies, has announced the opening of its first office in the Middle East located in Dubai. This move aims to provide crucial support for startups in the United Arab Emirates (UAE), focusing on addressing gaps in financing, mentorship, and market access for early-stage businesses. The company’s...
Animoca Brands, a venture capital and software company known for its investment in the popular game Axie Infinity, is set to launch funds specifically aimed at supporting start-ups in the United Arab Emirates (UAE). This initiative marks the company’s entry into the Middle East market, where it plans to establish its first regional office in...
Under the prestigious Dubai Token 2049 banner, Meta Crypto Oasis 2025 is set to become one of the year’s most significant Web3 events. Sponsored by FEC, this global gathering will highlight how everyday actions can be transformed into real digital value, reinforcing Dubai’s status as a global epicenter of innovation and ambition. More than just...
DMCC, the leading international business district in Dubai, is actively seeking to strengthen trade ties between the UAE and the UK, particularly in technology sectors such as AI, Web3, and gaming. This initiative was highlighted during a recent roadshow in London, where business leaders were briefed on the numerous opportunities available for British tech companies...
The UAE’s Ministry of Energy and Infrastructure (MoEI) has partnered with Shiba Inu to push forward digital transformation efforts using Web3 technology. This collaboration aims to improve public services, develop greener infrastructure, and introduce citizen-friendly governance models. Shiba Inu’s advanced Web3 tools, including its Operational System (ShibOS), will be integrated into MoEI operations to enhance...
Venture asset manager Sigma Capital has launched the Sigma Capital Fund I, a $100 million initiative aimed at reinforcing the UAE’s position as a leader in blockchain innovation and institutional investment. This fund is designed to stimulate advancements in Web3, specifically targeting early-stage ventures in the region and beyond. The scope of the Fund includes...