The Solana Foundation has partnered with the DMCC Crypto Centre, a key player in the world of commodities trade and enterprise, to fuel the growth of the Web3 industry in Dubai, an emerging global hub for crypto innovation.
This partnership is set to revolutionize the landscape for crypto entrepreneurs, as revealed in an October 15 announcement. The Solana Foundation, a non-profit organization committed to decentralization, adoption, and security within the Solana network, will offer a helping hand to member companies and developers in building and expanding their projects. This assistance comes in the form of technical expertise and essential business services.
Meanwhile, the DMCC Crypto Centre, a comprehensive ecosystem for Web3 and blockchain technology companies, is already a hotbed for innovation in the crypto world. Now, with the Solana Foundation as an ecosystem partner, it’s primed to offer even more.
Members of the Crypto Centre will receive technical and business development support from Solana, and they’ll have the opportunity to participate in webinars and educational courses on various Web3 topics.
What this Means for Solana Foundation
For Solana, this partnership means establishing a presence within the DMCC Crypto Centre, where they can engage with a diverse network of technology partners, government entities, investors, and service providers. With the aim of scaling operations and fostering collaborative growth, this collaboration is set to leverage the strengths of both entities.
Furthermore, it signifies a significant leap for Dubai, cementing its status as a global Web3 innovation hub. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC, highlights Solana’s (SOL) market prominence with a capitalization of $8 billion and its potential to take businesses to new heights. He stressed.
“Through this landmark signing, we will provide complimentary setup and business licensing for Solana ecosystem projects whilst our members can access a world-class blockchain platform and dedicated Solana engineering teams that can take their businesses to new heights.”
Dan Albert, Executive Director of the Solana Foundation, also expresses excitement about tapping into Dubai’s vast Web3 potential. He maintains that this partnership aligns with its mission to create a supportive environment for blockchain projects to thrive.
With its extensive grant program, Solana (SOL) will provide essential support to DMCC Crypto Centre members. Moreover, they will offer complimentary setup and business licensing for Solana ecosystem projects.