Global VC and fintech players are taking a long-term, strategic view on investments in the UAE and the region
Web 3 technology
Latest in Web 3 technology
Funding
Decentralised credit intelligence platform Synnax raises $550k from Wintermute and TON Ventures
The new capital will be used for the continued development of Synnax’s flagship credit intelligence protocol and its Telegram mini-app, SynQues
Bitget
Bitget strikes multi-million-dollar pact with celebrated football league La Liga to amalgamate crypto and sports
La Liga has a storied history of producing and attracting legendary football talents, with star players like Mbappé, Vinícius Jr, and Lewandowski currently gracing their fields
Bitget
Crypto exchange Bitget announces inaugural ‘Blockchain4Her’ awards to honour women leaders in the industry
The initiative is part of the exchange’s ‘Blockchain4Her’ programme, launched this January with a $10 million commitment to promote diversity and inclusion in the blockchain space
Artificial intelligence
Dubai to attract over 600 new web3 ventures by end of 2023 with heavily subsidised commercial license
The latest move is seen as part of a well-calculated strategy to make Dubai a web3 hub for attracting global talent to make it a tech powerhouse
AI
BEDU: Dubai’s Web 3.0 pioneer that is poised to shape the future relationship between AI and the digital realm
As the homegrown success story enters its pre-seed funding round, its CEO sketches out a vision with the potential to excite even the most risk-averse investor
Blockchain
Islamic crypto moves to reassure investors as Silicon Valley Bank goes bust
Islamic Coin to allocate $40 million for launch of a worldwide ‘Grants and Investment’ programme, while Haqq Network announces an exclusive tie-up with Holiday Swap, the world’s largest home exchange platform
Blockchain
India aims to create global consensus for policy framework on digital assets at G20
The UAE, which is currently leading the world in terms of drawing up policy and compliant framework for the digital assets sector, will be part of the exercise in its capacity as a guest country for the G20 meet this year
Blockchain
The Middle East is critical to the future of crypto
While 2022 was challenging, 2023 is an opportunity for the crypto industry to come of age
AI in healthcare
The metaverse can add a new dimension to medical education
In the world of medical education, the role of the metaverse could be invaluable
Artificial intelligence
Brands that ignore Web3 will be left behind
Some businesses have yet to realise that the Web3 paradigm shift has already begun
Abu Dhabi Global Market
Binance gets financial services permission from Abu Dhabi Global Market
The Financial Services Regulatory Authority approval enables the blockchain giant to provide custody to professional clients
Abu Dhabi Global Market
FTX collapse, rising crypto frauds prompt digital wallet major Liminal to go for aggressive expansion in MENA
The Singapore-headquartered company has set its eyes on roping in banks, financial institutions and family offices for its ambitious growth
Blockchain
UAE now home to world’s first metaverse-as-a-service business
The metaverse is currently largely associated with arts, sportswear, real estate and fashion retail, though more sectors such as healthcare are taking baby steps to make their presence in the fast expanding virtual world
blockchain venture
UAE metaverse sector gets flashy with entry of fashion startups like The Rebels
For young designers, metaverse is billed as a once-in-a-generation opportunity to break into the global fashion industry without having to secure millions in funding, building supply and production chains
Blockchain
UAE NFT marketplace to launch, offer access to experts to solve challenges amid global uncertainty
Della Casa’s NFT (no-n fungible token) venture, slated to be launched later this week, is already making a buzz among investors, with Dubai-based Meta Impact Capital selecting Lovely Humans for its maiden investment deal by its latest Metaverse Fund 1