Abu Dhabi Betting on Web3
This week, Abu Dhabi announced a massive initiative to promote web3 growth and blockchain technologies in Abu Dhabi with an initiative named, Hub71+ Digital Assets.
❗Why It Matters
In the announcement, Abu Dhabi indicates its committed to providing web3 startups with a progressive regulatory environment and world-class blockchain and virtual asset infrastructure. In addition, the program will help unicorn companies or those with a value above $1 billion with business relocation support to Abu Dhabi to help promote growth in the Middle East.
This is just the beginning of a major transformation in the world of Web3 startups, and we're excited to lead the way.Hub 71
🖼️ The Big Picture
Abu Dhabi joins Saudi Arabia, Singapore and other countries looking to push forward web3 initiatives, leaning into a burgeoning industry and untapped market of opportunity and potential.
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