- Dubai’s DMCC has partnered with the Solana Foundation to enhance decentralization, adoption, and security within the Solana network.
- The partnership will provide technical and business development support to DMCC Crypto Centre members, extend its grant program to DMCC companies, and collaborate on educational initiatives.
- Solana will establish a presence within the DMCC Crypto Centre, engaging with over 23,000 companies in the DMCC business district.
The DMCC, a significant free trade zone and a key authority for commodities trading and business in Dubai, has established a partnership with the Solana Foundation, an organization committed to advancing decentralization, adoption, and security within the Solana network. This collaboration is aimed at boosting the capabilities of DMCC members, empowering them to make the most of Solana’s advanced blockchain platform for the growth and expansion of their businesses.
Under this partnership, the Solana Foundation will offer technical and business development support to members of the DMCC Crypto Centre and extend its grant program to companies within the DMCC. Additionally, both parties will work together on educational initiatives, which will include hosting webinars on essential topics related to Web3.
As part of this partnership, Solana will establish a presence within the DMCC Crypto Centre, becoming a part of its thriving network of partners, investors, and service providers. This move will also allow Solana to engage with the broader community of over 23,000 companies operating within the DMCC business district.
Read More: Solana price is predicted by AI for the end of 2023
Ahmed Bin Sulayem, the Executive Chairman and Chief Executive Officer of the DMCC, expressed his excitement about this partnership. He emphasized Solana’s prominence in the blockchain world, with a market capitalization of USD 8 billion, making it one of the top 10 largest crypto projects globally. He pointed out that this collaboration will provide complimentary setup and business licensing for Solana ecosystem projects, enabling DMCC members to access a top-notch blockchain platform and dedicated Solana engineering teams to elevate their businesses. This kind of supportive environment aligns with the core philosophy of the DMCC Crypto Centre, which aims to foster a dynamic ecosystem for Web3 companies. It offers the largest concentration of crypto, blockchain, and Web3 businesses in the MENA region, contributing to Dubai’s ascent as a major global hub for Web3 innovation.
Dan Albert, the Executive Director of the Solana Foundation, shared his enthusiasm for this partnership. He highlighted the DMCC’s rich ecosystem of crypto companies and its pro-growth approach, making it a natural fit for their collaboration. They are eager to work with members of the Crypto Centre, helping them integrate with the Solana blockchain, while also introducing their existing ecosystem to the DMCC for potential expansion of their operations.
The DMCC Crypto Centre plays a vital role as a comprehensive ecosystem for companies specializing in Web3 and blockchain technologies. It provides all the essential resources necessary for crypto businesses and entrepreneurs to establish and grow their operations.
