DMCC Launches New Accelerator Program to Expand Dubai’s Web3 and Blockchain Ecosystem

02/24/2023 08:04 • Metaverse Matters • 170 views

It is reported that Dubai Multi-Commodity Trading Center (DMCC), in cooperation with Web3 incubator and consulting company TDeFi, provides Web3 and blockchain companies with a new accelerator program in DMCC Crypto Centre, which provides guidance and meetings on a series of topics related to encryption, and expands the business scale to attract emerging encryption companies to Dubai. The plan lasts for one month and will be held at least two times in the next 12 months. Interested companies will receive priority guidance and services from DMCC. DMCC Crypto Centre currently has at least 550 members and is the concentration of Web3 and blockchain companies in Dubai.

Dubai Multi-Commodity Trading Center and Web3 TDeFi launched a new accelerator program

Analysis based on this information:

DMCC, the Dubai Multi-Commodity Trading Centre, has partnered with the Web3 incubator and consulting company TDeFi to launch a new accelerator program aimed at expanding the Web3 and blockchain ecosystem in Dubai. The program will take place in DMCC’s Crypto Centre and provide guidance, meetings, and resources to emerging encryption companies looking to expand their business scale and attract new investors to the region. The accelerator program will run for a month and will be held at least twice over the next 12 months, offering interested companies priority guidance and services from DMCC.

DMCC’s Crypto Centre currently comprises 550 members, including Web3 and blockchain companies, making it the hub for these industries in the region. The crypto centre already offers several services, including co-working spaces, events, and innovation labs, focused on promoting innovation and growth within the blockchain industry.

This new accelerator program, therefore, represents an important step towards boosting Dubai’s position as a leading hub for the Web3 and blockchain sectors. As interest in blockchain technology continues to grow, such initiatives will help to strengthen the local ecosystem, attract new talent and investment to the region, and reinforce Dubai’s reputation as a global leader in innovation and technology.

Moreover, the partnership between DMCC and TDeFi is significant, given the latter’s expertise in Web3 and blockchain consulting, product development, and incubation. TDeFi’s involvement in the accelerator program means that emerging companies, particularly those focused on building Web3 products or platforms, can expect to receive valuable, hands-on guidance and support throughout the program.

In conclusion, the DMCC’s new accelerator program is a clear signal of the region’s commitment to technology innovation and growth, particularly within the blockchain and Web3 sectors. The program’s focus on providing support for emerging companies underscores the importance of nurturing the next generation of digital entrepreneurs and disruptors. With DMCC’s Crypto Centre already established as a leading hub for blockchain innovation and networking, this new initiative is well positioned to spur continued growth and development in the region’s Web3 and blockchain ecosystem.

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DMCC Launches New Accelerator Program to Expand Dubai’s Web3 and Blockchain Ecosystem

Dubai Multi-Commodity Trading Center and Web3 TDeFi launched a new accelerator program

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