Abu Dhabi has inaugurated a new Blockchain Center designed to spearhead blockchain innovation and position the city as a premier hub for global events and workshops. This center will serve as a nexus for industry leaders and will also feature a venture capital division to support and invest in emerging Web3 startups.
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A Platform for Cutting-Edge Blockchain Technology
The newly launched Blockchain Center aims to propel growth and innovation within Abu Dhabi’s blockchain sector. Its mission is to establish Abu Dhabi as a global frontrunner in blockchain technology and innovation by nurturing a vibrant ecosystem that includes startups, enterprises, and academic institutions.
Reports indicate that the Blockchain Center will host leading global events and workshops, bringing together the brightest minds in the industry. These gatherings will also act as launchpads for the latest blockchain technology applications. The center will include an incubation and acceleration hub, enhancing its role in fostering innovation. Commenting on the launch, Abdulla Al Dhaheri, CEO of the Blockchain Center, said:
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“We are thrilled to launch the Blockchain Center in Abu Dhabi. Our vision is to create a global hub for blockchain innovation, education, and collaboration right here in Abu Dhabi.”
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Beyond its incubation and acceleration hub, the center will provide cutting-edge educational programs to advance blockchain knowledge, skills, and technological innovation. Additionally, a dedicated training center will ensure a steady pipeline of skilled professionals.
The inclusion of a venture capital arm underscores the center’s commitment to supporting and investing in Web3 startups, further solidifying its role as a cornerstone of blockchain advancement.