Solana Foundation Joins Dubai Multi Commodities Centre as Ecosystem Partner
Solana Foundation, the nonprofit organization behind the Solana blockchain, has partnered with the Dubai Multi Commodities Centre (DMCC), the largest free trade zone in the UAE. As an ecosystem partner, Solana will provide technical and business development support to Dubai’s DMCC crypto community. The DMCC Crypto Centre is home to over 550 crypto firms and is the largest ecosystem of its kind in the region. Solana’s integration will allow DMCC members to leverage its prominent blockchain for concept development and project scaling. The partnership also includes complimentary set up and business licensing for Solana ecosystem projects.
Supportive Environment for Web3 Firms
Ahmed Bin Sulayem, CEO of DMCC, stated that providing a supportive environment is their core philosophy for the DMCC Crypto Centre. They aim to create a dynamic ecosystem for Web3 firms, offering a concentration of crypto, blockchain, and Web3 businesses across the MENA region. As part of the partnership, Solana will deliver webinars and educational trainings on various Web3 topics to further support the community.
DMCC Crypto Centre Partners
In addition to Solana, other partners of the DMCC Crypto Centre include Bybit, Hacken, and Brinc. These companies develop Web3 and blockchain technologies while providing value-added services for crypto businesses and entrepreneurs.
Solana Gains Attention with Strong Performance
Last week, Solana gained significant attention in the crypto market as it recorded an inflow of approximately $24 million, marking its largest inflow since March 2022. This positive performance further highlights Solana’s growing popularity and market presence.
Hot Take: Solana Expands its Reach in Dubai’s Crypto Community
Solana’s partnership with the Dubai Multi Commodities Centre signifies its commitment to expanding its presence and supporting the growth of the crypto community in Dubai. By joining forces with the largest free trade zone in the UAE, Solana aims to leverage its blockchain technology to enable DMCC members to develop innovative concepts and scale their projects. This collaboration also highlights the increasing recognition and adoption of Solana as a prominent player in the global crypto market. With its recent strong performance, Solana continues to solidify its position as a leading blockchain platform.
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