Solana’s Strategic Partnership with DMCC
The Solana Foundation has recently forged a strategic partnership by becoming an ecosystem partner of the Dubai Multi Commodities Centre (DMCC), one of the free economic zones in the United Arab Emirates (UAE).
Advancing Technical and Business Developments
With the power of its innovative blockchain platform, Solana aims to bolster the technical framework and business development strategies of the DMCC Crypto Centre members. Solana will curate and deliver a series of webinars and comprehensive educational courses covering a spectrum of Web3 topics, and it will expand its prevailing grant program within the DMCC.
Privileged Treatments for Solana’s Partners
Partners already within Solana’s vast network are set to receive preferential treatment within the DMCC. According to Ahmed Bin Sulayem, the Centre’s CEO, these partners will enjoy benefits such as complimentary setup, business licensing, and access to Solana’s dedicated engineering teams, all aimed at enhancing and elevating their business operations.
A Growing Ecosystem of Partners
The DMCC’s thriving ecosystem continues to expand, with Solana joining a list of influential partners such as ByBit, DWF Labs, TDeFi, and Brinc, among others. These partnerships emphasize the Centre’s dedication to fostering a robust and dynamic blockchain and crypto environment, surrounded by around 23,000 official member companies.
Aligning with UAE’s Economic Vision
The partnership aligns seamlessly with the vision of the UAE’s economic free zones like the Abu Dhabi Global Market (ADGM) and the Dubai Silicon Oasis Authority (DSOA), established to galvanize investments and economic activities within the region. The imminent inclusion of the Ras Al Khaimah Digital Assets Oasis (RAK DAO) is set to further amplify this economic vision.
Solana’s Global Standings
By September 2023, the Solana network has made significant strides globally, securing the tenth position in terms of Total Value Locked (TVL), boasting a remarkable equivalent of approximately $359 million.
Conclusion
Solana’s partnership with DMCC symbolizes a monumental step forward in strengthening and diversifying the UAE’s crypto and blockchain landscape, driving innovation and facilitating unprecedented business development opportunities.
