[ad_1]
The crypto ecosystem in the UAE continues to grow at an unprecedented pace, with more than 1,800 organizations now identified as of Q1 2023, according to the second edition of the data Crypto Oasis Ecosystem Report.
The report, developed in collaboration with the DLT Science Foundation and Roland Berger, one of the management consultancies, provides a comprehensive overview of blockchain evolution in the UAE driven by Web3, cryptography and blockchain technologies.
Released on the sidelines of the Dubai Fintech Summit organized by the Dubai International Financial Center (DIFC), the report highlights that over 8,650 professionals, or 4.2 % an increase of % over the fourth quarter of 2022.
The report is divided into six parts: government and associations, start-ups and projects, investors and collectors, service providers, enterprises, education and research.
Local organizations accounted for 70.24% of the total (1,270 organizations), while non-local organizations accounted for 29.76% (538 organizations).
🚀 We are excited to announce the launch of the 2023 Crypto Oasis Ecosystem Report – Spring Edition!
New report provides a comprehensive overview of the blockchain ecosystem in the Middle East and North Africa region, with @DLT_Science & @Roland Borg.
👉️https://t.co/x2MLdHdhUG pic.twitter.com/y8qVcggDZ7
— Crypto Oasis (@CryptoOasisUAE) May 8, 2023
In the first quarter of 2023 alone, more than 150 new organizations were identified, bringing more than 350 new professionals to the ecosystem. About 72.8% of these people (about 6,301 people) work for local blockchain organizations, while the remaining 27.2% (about 2,350 people) work for non-local companies.
“second edition Crypto Oasis Ecosystem Report An invaluable resource for anyone interested in the Web3 space, it will be an essential tool for policymakers, investors and entrepreneurs looking to navigate the rapidly evolving blockchain technology landscape ,” said Saqr Ereiqat, co-founder of Crypto Oasis.
“The report is the result of a comprehensive research conducted by the Crypto Oasis Research team, which involved an in-depth analysis of the UAE’s Web3 ecosystem.”
Paolo Tasca, Co-Founder and Chairman of DLT Science Foundation, said: “At DLT Science Foundation, we aspire to reach out and connect to the fastest growing Web3 ecosystem in the world! market analysis. We are pleased to have contributed to this.”
Pierre Samaties, Practice Partner, Digital Assets, Web3 and Metaverse, Roland Berger Middle East and Global, said: “The growth of the digital assets and Web3 ecosystem in the UAE has been impressive.
It is driven by forward-looking regulation, a welcoming talent immigration environment, and strong government and institutional interest in adopting the many opportunities presented by technology. “
The report also contains insightful thought leadership articles from key industry players including Circle, Citigroup, DIFC, DMCC, GenTwo, QORPO, Pulse World, Ripple, Securrency, State Street, Tokengate, Venom, Virtua, and Yield App .
Additionally, the report provides a detailed regional analysis of the UAE via blockchain data platform Chainalysis.
Suzana Obradovic, Regional Director Middle East and Africa, Chainalysis said: “We are excited to bring our blockchain data insights to Crypto Oasis Ecosystem Report.
The release of the report, already in its second edition, marks an important milestone in the development of the UAE’s Web3 ecosystem. By establishing comprehensive regulation and embracing future technologies, the UAE is very attractive to Web3 enthusiasts looking to gain a foothold in the region. “
read: Crypto Oasis Unveils Cove Beach Venue in Metaverse
[ad_2]
Source link