Solana Foundation Becomes Ecosystem Partner of Dubai's Free Economic Zone
Date: 2023-10-16 Author: Dima Zakharov Categories: CRYPTO PAYMENTS, IN WORLD
By entering into a partnership with the Dubai Multi Commodities Centre (DMMC), the Solana Foundation is deepening its presence in the UAE and expanding opportunities for members of the cryptocurrency community.
Significant changes are afoot in the world of blockchain, particularly for Solana, one of the most promising blockchain platforms globally. The Solana Foundation has announced a new ecosystem partnership with the Dubai Multi Commodities Centre (DMMC), providing technical and advisory support to all participants in this dynamic economic zone.
What is DMMC, and why is it important?
Dubai is where modern ambition meets technological innovation. DMMC is one of the free economic zones in the United Arab Emirates, attracting entrepreneurs and investors from around the world. Now, the Solana Foundation will collaborate with DMMC, offering its resources and expertise to participants in the crypto center.
What functionality will be provided to participants?
One key aspect of this partnership is the provision of technical and advisory support. This means that DMMC participants will have access to blockchain experts, enabling them to better understand and utilize the technologies at the core of Solana.
Furthermore, Solana plans to host a series of webinars and educational courses on Web3. These events will help DMMC participants stay updated on the latest trends in the world of blockchain and cryptocurrencies, as well as learn how to make the most effective use of Solana's resources.
An additional benefit will be the expansion of the grant program in the Dubai Multi Commodities Centre. While this program already exists to support projects in the economic zone, with Solana's involvement, it may receive a fresh impetus, providing financial support for innovative ideas and startups.
Strengthening the ties between Solana and the UAE
An essential part of this agreement is the establishment of Solana's own representation within DMMC. This move will allow Solana to integrate into an ecosystem with a well-developed network of exchanges, government structures, and investors, reinforcing its position in the region and creating conditions for the development of new projects.
