The Solana Foundation solidifies its position as an ecosystem partner for the Dubai Multi Commodities Centre (DMCC), a prominent free economic zone in the United Arab Emirates.

Empowering DMCC Crypto Centre Members

As of October 15, the Solana Foundation extends its blockchain platform to offer comprehensive technical and business development support to members of the DMCC Crypto Centre. This collaboration aims to foster growth and innovation within the blockchain space.

Aligned with its commitment to education, Solana will conduct webinars and educational courses covering various Web3 topics. Additionally, the company plans to augment its grant program within the DMCC, further incentivizing blockchain projects.

Exclusive Benefits for Solana Partners

CEO Ahmed Bin Sulayem underscores the privileges for existing Solana partners within the DMCC. Partners can anticipate complimentary setup and business licensing, providing a streamlined path for Solana ecosystem projects. Access to dedicated Solana engineering teams is highlighted as a transformative opportunity for businesses.

Solana Foundation and DMCC enters into a partnership

DMCC’s ecosystem boasts a diverse range of partners. These include crypto exchange Bybit, digital asset market maker DWF Labs, Web3 incubator TDeFi, and venture capital fund Brinc. The total number of DMCC members has surged to an impressive 23,000 companies, reflecting the thriving ecosystem.

UAE’s Thriving Investment Climate and Solana’s Global Recognition

As one of the initial economic free zones in the UAE, alongside the Abu Dhabi Global Market and Dubai Silicon Oasis Authority, the DMCC plays a pivotal role in enhancing the nation’s investment climate. The upcoming addition of the Ras Al Khaimah Digital Assets Oasis further signals the UAE’s commitment to fostering innovation, as revealed during Blockchain Life 2023.

By September 2023, the Solana network secured its position as the 10th largest globally in terms of total value locked, with an impressive equivalent of approximately $359 million. This milestone underscores Solana’s continued prominence in the rapidly evolving blockchain landscape.

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