UAE based EnjinStarter MENA, a web3 Launchpad and incubator,   has become the first launchpad globally to receive initial approval by Dubai’s virtual asset regulatory authority. According to the unilateral announcement, EnjinStarter will continue to undertake the in-depth process of applying for a licence, in accordance with VARA requirements. With the Middle East and North Africa considered to be a booming Web3 market, Enjinstarter is seeking a foothold in the region as it aims to be the premier Launchpad and incubator for Web3 metaverse, gaming, and entertainment experiences. Enjinstarter has ambitious plans to be the go-to provider for Web3 adoption in the region, including the addition of more portfolio projects focusing on impact and sustainability initiatives that complement the UAE’s commitment to climate action. “This is an important step for Enjinstarter. Getting initial approval and continuing with our license application makes clear our commitment to achieving

  UAE DMCC, currently home to 550 Blockchain and crypto entities, and global Web3 incubator TDEFi have partnered to launch an accelerator program for Web3 and Blockchain companies in DMCC crypto center. The accelerator program will offer mentorship and sessions on crypto and scaling businesses. The program will be over a month long and will run for a minimum of two editions over the next 12 months.  At the end of each cohort, TDeFi will also select a handful of start-ups to be part of its in-depth incubation program, providing them with access to additional TDeFi advisory services and its growing ecosystem. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said, “Supporting Web3 and blockchain businesses is a key priority for DMCC as we build on the success that the Crypto Centre has seen since its launch. By providing everything crypto businesses and entrepreneurs need to thrive, we have emphatically positioned Dubai as a leading hub for crypto. This latest part

  EnjinStarter, next generation Launchpad for Blockchain games and the metaverse, which is based out of Singapore, could be setting up base soon in UAE. Prakash Somosundram CEO and Co Founder at EnjinStarter recently visited Dubai.   Nigel Hawley board advisor and a investor in True Global Ventures (TGV), which also recently invested 3 million USD in a series A round as a lead investor into Enjinstarter hosted the visit. EnjinStarter has received a total of 8 million in funding since its inception. EnjinStarter, built on JumpNet is enabling creators and game developers to run capital raising campaigns and build communities using blockchain tech. Not only do they issue tokens but provide game developers with a way to explore other innovative ways of raising capital including utilizing NFTs.  They even have an incubation program, supported by an accredited partner network. Concurrently the MENA gaming sector is one of the fastest-growing gaming markets in the world, with revenue acr