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Abu Dhabi to host inaugural Middle East blockchain The November awards recognize those who have played a key role in advancing emerging technologies.
Meba will take place during Abu Dhabi Financial Week, an annual event focusing on economic issues such as financial technology, innovation, venture capital and investment, start-ups, markets and economic policy. The time is from November 14th to 18th.
UAE capital is actively promoting blockchain, Web3, Decentralization and digital assets. It also takes steps to create a safe and transparent regulatory ecosystem for them.
“The Middle East Blockchain Awards come at a time when people and businesses are pushing boundaries previously thought impossible to make significant strides in a digital-first world,” said Max Palethorpe, founder and CEO of Hoko Group, which is hosting Meba.
“These are very exciting times for anyone involved in the Web3 ecosystem. We are honored to recognize those who are blazing new trails with the recognition they deserve.”
Web3 is the latest version of the World Wide Web, and its core components are decentralized, open, and more useful to users.
According to Market Research Future, the Web3 market is expected to be worth around $6.2 billion by 2023 and will grow at a CAGR of 44.6% from 2023 to 2030.
According to Fortune Business Insights, the global blockchain market is also booming and is expected to reach nearly $7.18 billion this year and about $164 billion by 2029, with a compound annual growth rate of more than 56% from about $4.7 billion in 2021 .
The Abu Dhabi government has pledged to vigorously promote the adoption and regulation of these technologies to support the economy of the future.
august, emirate announced plans Launch a blockchain and virtual asset strategy in line with the emirate’s overall economic plan.
In 2018, the Financial Services Authority, the regulator of Abu Dhabi Global Markets, also launched a comprehensive Virtual Asset Framework Virtual asset trading for businesses, including multilateral trading facilities, custodians and brokers.
The latest awards are hosted by Hoko Agency Middle East in association with Abu Dhabi Financial Week and the Middle East, Africa and Asia Crypto and Blockchain Association.
“Blockchain is creating a digital ecosystem that will support a new world of services and products, from financial services to the real economy,” said Jehanzeb Awan, board member of the Middle East, Africa and Asia Crypto and Blockchain Association.
Updated: October 5, 2022 at 10:45 am
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