Unveiling the New Initiative

In a bold step toward modern innovation, Abu Dhabi’s tech powerhouse, Hub71, proudly presents the “Hub71+ Digital Assets” initiative. With a jaw-dropping capital backing exceeding U.S. $2 billion, this venture is set to shake up the Web3 landscape. It aims to revolutionize blockchain technology and metaverse applications like never before.

Empowering Web3 Startups

The initiative is not just a press announcement; it’s a professional playground for startups focused on Web3. Hub71+ will provide these pioneering companies with access to a diverse array of programs, initiatives, and partnerships—think corporate giants, government support, and investment opportunities both within the UAE and on the global stage.

State-of-the-Art Infrastructure

What sets this initiative apart? Hub71+ intends to equip startups with cutting-edge blockchain and virtual asset infrastructure alongside a nurturing regulatory environment. Sounds pretty neat, right? This setup will be based at the Hub71 location within the Abu Dhabi Global Market (ADGM), providing startups a prime spot for growth.

Anchor Partnerships Driving Success

The initiative isn’t fleshing out in isolation. Teaming up with First Abu Dhabi Bank’s innovation outpost, FABRIC, the program invites digital asset exchanges and service providers to the party. They’re here to ensure that the discovery, trading, and protection of digital assets is as smooth as butter on a hot pancake.

• Collaboration with ADGM and FAB.
• Involvement of major Web3 firms.
• Support for startups at the “unicorn” stage (valued over $1 billion).

Why Abu Dhabi?

Ahmad Ali Alwan, the deputy CEO of Hub71, boldly remarked that this launch symbolizes Abu Dhabi’s readiness to take on disruptive businesses that spark global change. With a dynamic environment and innovative partnerships, startups are invited to soar within the MENA region’s largest regulated virtual asset jurisdiction.

A Rapidly Evolving Crypto Landscape

The UAE government isn’t just sitting around; they’re actively shaping the future by prioritizing blockchain technology and emerging markets like the metaverse and non-fungible tokens. According to a recent Chainalysis report, the MENA region has grown into a booming crypto market, witnessing a massive 48% increase in cryptocurrency transactions over just a year. Talk about a growth spurt!