The Solana Foundation, a nonprofit organization supporting the layer-1 blockchain Solana, has announced its partnership with the Dubai Multi Commodities Centre (DMCC), the largest free trade zone in the UAE. The collaboration aims to tap into the Web3 value in Dubai and provide technical and business development support to the DMCC crypto community.
The DMCC Crypto Centre is home to a vibrant community of over 550 crypto firms, making it the largest ecosystem of crypto and blockchain companies in the region. By joining forces with Solana, the DMCC members will have access to a prominent blockchain that will help them develop and scale their projects.
Solana Integration and Partnership Benefits
Solana’s integration into the DMCC will empower its members by offering:
- Complimentary set up and business licensing for Solana ecosystem projects
- Webinars and educational trainings on various Web3 topics
- Access to technical and business development support
Ahmed Bin Sulayem, the CEO of DMCC, expressed his enthusiasm for the partnership and highlighted the benefits it will bring to the crypto community in Dubai.
“Through this collaboration, we aim to create an environment that fosters innovation and growth for crypto businesses and entrepreneurs. Solana’s expertise and support will be invaluable in developing the Web3 ecosystem in Dubai.”
DMCC Crypto Centre Partners
The DMCC Crypto Centre has also established partnerships with other prominent companies in the industry, including Bybit, Hacken, and Brinc. These partner companies contribute to the development of Web3 and blockchain technologies and provide a wide range of value-added services.
Last week, Solana made headlines by recording a significant inflow of approximately $24 million, the highest since March 2022. This performance further solidifies Solana’s position as one of the top 10 global crypto projects, with a market capitalization exceeding $9.4 billion.
The partnership between Solana Foundation and DMCC is a promising development for the growth and advancement of the Web3 ecosystem in Dubai. It reflects the increasing recognition of blockchain and crypto technologies as driving forces behind innovation and economic expansion.
As Dubai continues to position itself as a leading global hub for blockchain and crypto, collaborations like this will play a crucial role in attracting investors, entrepreneurs, and businesses to leverage the immense potential of Web3.
