A dedicated Web3 specialist ecosystem called Hub71+ Digital Assets was introduced by Hub71 on Wednesday. More than $2 billion in funding has been committed to finance Web3 businesses and blockchain technology from the capital of the United Arab Emirates.
Hub71+ is a specialised ecosystem devoted to developing particular technological fields. The rise of digital assets and the unlocking of Web3’s disruptive potential will be the main priorities of Hub71+ Digital Assets.
Hub71 in Abu Dhabi Global Market will be the home of Hub71+ Digital Assets (ADGM).
The project’s anchor partner is First Abu Dhabi Bank (FAB), the biggest bank in the UAE, along with its research and innovation hub Fabric. In order to assist the largest bank in the UAE in reimagining financial services in the metaverse, FAB will identify prominent Web3 companies, business owners, and ground-breaking technology.
Web3 depicts how the internet has developed into a decentralised online environment that is increasingly based on cutting-edge developments like blockchain technology and metaverse applications. Hub71+ Digital Assets will enable Web3 businesses, from seed to unicorn stage, to scale globally, giving them access to a number of programmes, initiatives, and its wide variety of Web3 oriented corporate, government, and investment partners in the UAE and international markets.
Web3 startups that have reached the “unicorn” level, or businesses valued at more than $1 billion, will also gain from Hub71’s value creation initiative, which supports business expansion in the Middle East and abroad.
In order to double the share of the digital economy in non-oil GDP to more than 20% within ten years, Hub71+ Digital Assets will assist the UAE Digital Economy Strategy.
To join Hub71+ Digital Assets and take advantage of Hub71’s variety of incentives and value creation programmes that assist the growth of Web3 startups, Web3 entrepreneurs can apply right away at https://hub71.com/plus/digitalassets.
