Solana Foundation joins DMCC Crypto Center and becomes its ecological partner
The Solana Foundation has reached a cooperation with the DMCC Encryption Center, and the two parties will provide power for the Web3 industry in Dubai, one of the global encryption innovation centers. The Solana Foundation will help member companies and developers build and scale their projects through technology and business services.
DMCC (Dubai Multi Commodities Centre), established in 2002, is a global commodities trading center located in Dubai, United Arab Emirates. At present, DMCC has become the worlds leading free trade zone and the Dubai governments authoritative institution in the field of commodity trading.
This cooperation between the Solana Foundation and DMCC will strengthen DMCC’s existing services, help its members better develop and use the Solana blockchain, and use the Solana network to expand their business. Based on this collaboration, the Solana Foundation will provide technical and business development support to DMCC Crypto Center members and will also expand the foundation’s existing grant program to DMCC companies.
DMCC welcomes the addition of the Solana Foundation. As an ecological partner of DMCC, the Solana Foundation is a non-profit organization dedicated to the decentralization, greater adoption, and security of the Solana network.
In addition, the Solana Foundation will partner with the DMCC Crypto Center for crypto education. A series of webinars and other educational courses on Web3 topics will be offered in the future.
As part of this collaboration, Solana will also establish an entity at the DMCC Crypto Center to integrate into the ecosystem and collaborate with its thriving technology partners, exchanges, government agencies, investors, incubators and accelerators, and service providers. This also facilitates wider community interaction with the 23,000 companies in the DMCC business district.
Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, said: Solana is one of the most outstanding blockchains in the world, with a market capitalization of US$8 billion and ranked among the top ten crypto projects in the world. Through this historic signing , we will provide free company formation services and business licenses for Solana ecosystem projects, while our members will have access to a best-in-class blockchain platform and a dedicated Solana engineering team. These services will help their businesses move to new heights.
Providing this supportive environment is a core ethos of our DMCC Crypto Center. It is through this strategy that we have developed into one of the most dynamic and value-creating Web3 company ecosystems in the Middle East and North Africa (MENA), providing the largest cluster of crypto, blockchain and Web3 companies in the region, It is also the core driving force behind Dubais emergence as the worlds largest Web3 innovation center.
Dan Albert, Executive Director of the Solana Foundation, added: “With the DMCC’s large number of crypto companies and aggressive growth, supporting it is a natural choice. We want to take full advantage of Dubai’s rich Web3 value, and we look forward to working with crypto Cooperate with members of the center - connect them to our chain and introduce our ecosystem to DMCC so that they can expand their business.
DMCC Crypto Center is a comprehensive ecosystem for companies developing Web3 and blockchain technologies and related value-added services. It provides crypto businesses and entrepreneurs with everything they need, including establishment and growth.
