The Solana Foundation Joins DMCC Crypto Centre as Ecosystem Partner in Dubai
The Solana Foundation has announced its partnership with the Dubai Multi Commodities Centre (DMCC), a free economic zone in the United Arab Emirates. As an ecosystem partner, Solana will offer technical and business development support to members of the DMCC Crypto Centre. Additionally, Solana will provide webinars, educational courses on Web3 topics, and extend its grant program at DMCC.
Benefits for Solana’s Existing Partners
Solana’s existing partners will receive special treatment within the DMCC. They will enjoy complimentary setup and business licensing for their projects, as well as access to a world-class blockchain platform and dedicated Solana engineering teams.
DMCC’s Ecosystem Partners
DMCC’s ecosystem partners include Bybit, a crypto exchange, DWF Labs, a digital asset market maker, TDeFi, a Web3 incubator, Brinc, a venture capital fund, and other entities. The centre currently has 23,000 member companies.
Dubai’s Free Economic Zones
The DMCC is one of the three initial economic free zones established in the UAE to enhance the investment climate. It is joined by the Abu Dhabi Global Market and Dubai Silicon Oasis Authority. Another free zone called Ras Al Khaimah Digital Assets Oasis will be introduced soon.
Solana’s Growth
As of September 2023, Solana ranked 10th globally in terms of total value locked, with approximately $359 million.
Hot Take: Solana Expands Its Reach in Dubai
The partnership between Solana Foundation and DMCC Crypto Centre opens up new opportunities for both Solana and its existing partners. By joining forces with DMCC, Solana gains access to a thriving ecosystem in Dubai and can provide support to businesses in the region. This collaboration strengthens Solana’s position in the global blockchain industry and demonstrates the growing interest in Web3 technologies in the Middle East. With its continued growth and partnerships, Solana is poised to make significant contributions to the development of the crypto and blockchain landscape in Dubai.
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