Leading Korean blockchain developer WEMIX and Abu Dhabi’s global tech ecosystem Hub71 have signed an agreement to create and accelerate growth opportunities for their respective portfolio companies and Web3 startups.
As part of the MOU, WEMIX startups will have the opportunity to join the Hub71 community of over 200 startups and gain access to its range of value-added programs and incentives.
Selected startups will also benefit from the ability to scale globally through Hub71’s web3 and digital asset specialist ecosystem, Hub71+ Digital Assets, to unlock access to a range of projects, initiatives and a wide range of corporate, government and investment in the UAE and globally Access marketplace for partner networks. At the same time, startups within Hub71+ Digital Assets will be able to leverage the deep technical knowledge and expertise of WEMIX and its parent company, Wemade, in different areas of blockchain technology, including GameFi and DeFi.
“Building strong partnerships with key stakeholders such as Hub71 is an important part of our commitment to growing the blockchain ecosystem in the MENA region,” said Shane Kim, CEO of WEMIX. The relationship will accelerate the creation of more opportunities for blockchain startups from around the world looking to expand into the Middle East and help realize our vision of developing a global blockchain economy powered by a broad range of innovative applications that have continued to grow in the past. Traditional technology barriers to continued future innovation.”
Elodie Robin Guillerm, Head of Growth and Strategy, Hub71, said: “The addition of WEMIX to our Hub71+ digital asset ecosystem is a testament to the growth potential of Abu Dhabi. Hub71 truly values partnership and collaboration, and by joining forces with leading blockchain companies like WEMIX, we We can jointly develop industry-leading blockchain technology and bring more opportunities for Web3 startups.”
The WEMIX and Hub71 partnership will offer key benefits, including:
• WEMIX will be the latest partner to join Hub71+ Digital Assets and its ecosystem consisting of digital asset exchanges and service providers, technology providers, venture capital studios, venture capital funds and leading regions of blockchain platforms and global partners
* Fast-track applications from WEMIX start-ups to join the Hub71 Incentive Programme, designed to ease the cost and process of setting up a company in Abu Dhabi
*WEMIX will provide dedicated guidance and technical support resources to Hub71 GameFi and DeFi startups
*Easy for Hub71 startups to access WEMIX’s global Web3 community
*Blockchain companies within the WEMIX ecosystem will also receive Hub71+ digital assets
* Strengthen the regional and global blockchain startup ecosystem.
WEMADE, the parent company of WEMIX, oversees a global strategic portfolio which includes India-based Shardeum – the world’s first EVM (Ethereum Virtual Machine) based sharded blockchain mainnet; Metaverse Magna (MVM), Africa The first and largest gaming DAO; and Kasa, a blockchain-based trading platform for digital asset-backed securities (DABS), focusing on prop technology.
Recently, WEMADE signed a strategic memorandum of understanding with Haskey Capital, a global asset management company specializing in investing in blockchain technology and digital assets, managing more than $1 billion in client assets since its inception, and jointly cultivating promising Asian blockchain company.
Hub71+ is a professional ecosystem dedicated to advancing a specific technology field. The first Hub71+ to launch is “Hub71+ Digital Assets” – focused on unlocking the disruptive potential of Web3 and the growth of digital assets. Hub71+ Digital Assets is based at Hub71 in the Abu Dhabi Global Market (ADGM), where Web3 startups can operate in a progressive regulatory environment, offering world-class blockchain and virtual asset infrastructure.
“This marks another milestone in WEMIX’s expansion in the Middle East following the opening of its first office in the region, as we further leverage the vibrant energy and positive industry of one of the fastest growing regions for blockchain technology in the world support,” Kim added.– trade arab news agency