A partnership with DMCC in January 2020 during the World Economic Forum in Davos was the precursor to the establishment of the regional Ecosystem now known as the 'Crypto Oasis'. During the May 2022 World Economic Forum in Davos, the Crypto Oasis team proudly announced that the Ecosystem has already identified 1,000+ Blockchain Organisations ahead of the 2022 target.
Key Highlights:
The Crypto Oasis Ecosystem has identified over 1,000 organisations in the UAE, a milestone that had initially been forecasted for the end of 2022.
The updated target is to have over 1,500 organisations identified in the Ecosystem by end of the year.
The Middle East is proving to be a hub for Blockchain activity and it has attracted major international Crypto Exchanges in recent months.
Dubai, United Arab Emirates--(Newsfile Corp. - May 25, 2022) - Crypto Oasis, the expansive ecosystem of Blockchain-related organisations initiated out of the UAE, is growing faster than anticipated. The benchmark of 1,000 Blockchain organisations in the ecosystem, which had been the original expectation for the end of 2022, has already been achieved ahead of time. Reaching this milestone 7 months in advance stands representative for the growth rate across the Blockchain landscape in the Middle East.
The strength of the Crypto Oasis Ecosystem and its growth can also be attributed to excellent initiatives taken by the UAE Government, which has been welcoming and fostering the development of this new industry for...
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