- The Solana Foundation will help member companies and developers build and scale their projects through technical and business services.
Dubai, United Arab Emirates: DMCC – the world’s flagship free zone and the Dubai government’s authority on raw materials trade and enterprise – welcomed the Solana Foundation – a non-profit organization dedicated to decentralization, adoption and to the security of the Solana network – to the DMCC Crypto Center as an ecosystem partner. .
The partnership complements DMCC’s existing offerings and collaborations by increasing its members’ ability to develop their concepts and scale their businesses using Solana, one of the industry’s leading blockchain platforms. Through this collaboration, the Solana Foundation will provide technical and business development support to members of the DMCC Crypto Center and expand the Foundation’s existing grant program to DMCC businesses. Finally, the Solana Foundation will join the DMCC Crypto Center to offer webinars and other educational courses on a range of important Web3 topics.
As part of this collaboration, Solana will establish a presence at the DMCC Crypto Center to integrate into the ecosystem and collaborate with its thriving network of technology partners, exchanges, government entities, investors, incubators and of accelerators and service providers, as well as engaging with the broader community of 23,000 businesses operating in the DMCC business district.
Ahmed Bin Sulayem, Executive Chairman and CEO, DMCC, said: “Solana is one of the largest blockchains in the world, with a market capitalization of $8 billion, placing it in the top 10 largest crypto projects in the world. With this historic signing, we will provide free installation and commercial licenses for Solana ecosystem projects, while our members will be able to access a world-class blockchain platform and dedicated Solana engineering teams who can propel their businesses to new heights. Providing this type of supportive environment is our core philosophy for the DMCC Crypto Centre. It is through this strategy that we have developed one of the most dynamic and value-creating ecosystems for Web3 companies, offering the largest concentration of crypto, blockchain and Web3 companies in the MENA region – and a driving force central to Dubai’s rise to the rank of the world’s largest player. Web3 Innovation Center.
Dan Albert, Executive Director, Solana Foundation, added: “With its high density of crypto companies and pro-growth attitude, providing support to the DMCC was a natural choice as we seek to harness the abundant value of Web3 in Dubai. We look forward to working with Crypto Center members to onboard them to our channel, as well as showcasing our existing ecosystem at DMCC so they can scale their operations as well.
The DMCC Crypto Center is a comprehensive ecosystem for companies developing Web3 and blockchain technologies, and associated value-added services, providing everything crypto businesses and entrepreneurs need to build and scale their operations .
Headquartered in Dubai, DMCC is the world’s most interconnected free zone and the leading trade and business center for raw materials. Whether developing vibrant neighborhoods with world-class properties like Jumeirah Lakes Towers and the highly anticipated Uptown Dubai, or providing high-performance business services, DMCC provides everything its vibrant community needs to live, work and prosper. Built for commerce, DMCC is proud to maintain and grow Dubai’s position as a key location for global commerce, now and in the long term. www.dmcc.ae
About the Solana Foundation
The Solana Foundation is a non-profit foundation based in Zug, Switzerland, dedicated to the decentralization, adoption and security of the Solana network. For more information, please visit https://solana.org
PR and corporate communications
Megan Enright, Communications