Crypto

Dubai Seeks to Create its own Crypto Valley fro Blockchain Development

Various countries are looking to embrace cryptocurrencies. Dubai is one of those regions, although it appears the focus will shift to blockchain first and foremost.

It is not the first time a country creates its own ‘Crypto Valley

“.

A new Crypto Valley in Dubai

This concept has been popularized by Switzerland, in the Zug region. 

Now Dubai is looking to do the exact same.

Together with the DMCC, the goal is to create an ecosystem for cryptographic, blockchain, and distributed ledger technologies. 

Fostering growth and collaboration in all of these industries is crucial to  achieve mass adoption .

As part of the DMCC Crypto Valley, there will be an incubator for startups, co-working facilities, and much more.

Related Post

As one would expect, there will also be a focus on training and education, as those aspects are by far the most crucial right now. 

The UAE region has previously expressed its growing interest in blockchain technology.

As such, this new venture makes a lot of sense from a research perspective. 

There are also rumors as to how several key companies might be making their way to Dubai as well.

Those would include Tezos, Inacta, Lykke, and several others.

It appears that the future is bright for blockchain technology.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Ethereum Ecosystem Primed For A November Rally – ETH Coins Chainlink (LINK), Toncoin (TON), And Cutoshi (CUTO) The Ones To Watch

With a Total Value Locked (TVL) of $50.72B, Ethereum is the world's largest blockchain, with…

3 hours ago

Analysts Predict a Rollblock 5000% Surge Dwarfing Pepe Coin and Popcat Recent Fame

The meme coin market has recently been surging once again; tokens such as Pepe and…

13 hours ago

FLOKI Dominates Meme Market as Rollblock ICO Skyrockets. Is Polkadot Losing Its Edge?

The FLOKI price has recorded over 300% yearly ROI, dominating crypto gains in the meme…

13 hours ago

Which Crypto Could Turn $1K Into $100K: Algorand (ALGO), Aptos (APT), or Rollblock (RBLK)?

Crypto investors are constantly searching for promising opportunities to diversify their portfolios and Algorand, Aptos,…

13 hours ago

Which Crypto Could Turn $1K Into $100K: Algorand (ALGO), Aptos (APT), or Rollblock (RBLK)?

Crypto investors are constantly searching for promising opportunities to diversify their portfolios and Algorand, Aptos,…

13 hours ago

Plus Wallet vs. OKX: A Look at Security, Privacy, and Global Accessibility

A Complete Comparative Analysis of Plus Wallet & OKX: Security, Privacy, Accessibility & Rewards Choosing…

19 hours ago