In a recent tweet, Japan based Astar, EVM based smart contract Blockchain platform that seeks to be the future of multichain smart contracts revealed its plans to set up a base in the UAE. Astar is designed to become a hub for smart contracts on Polkadot and is backed by prominent investors that include Binance, Huobi, OKEx, Fenbushi, and others. Sota Watanabe, Founder of Astar, stated in   recent tweet , “ My Abu Dhabi and Dubai business trip   was amazing. Met some government officials, investors and entrepreneurs here in UAE We plan to set up a local office here too. Our future is bright!” In November 2022, Astar Blockchain Network onboarded Japan’s top mobile carrier NTT Docomo to collaborate on mass adoption of Web3 as well as its social implementation. Then in late July 2023, Fireblocks, an enterprise-grade platform for institutional adoption of digital assets, integrated with Astar Network, an EVM and WebAssembly (Wasm) compatible smart contracts platform....

    Swiss based Buildrs, a blockchain, metaverse and Web3 infrastructure provider has announced that it has opened a location in the UAE and is embarking on its first project with its first customers. Buildrs is specialized in the virtual economy, blockchain, and gamification. Buildrs mission is to accelerate the adoption of Web3. Virtual assets, digital ownership, co-creation, and transparency are at the core of the experiences we build. The company develops a portfolio of products and use cases across various industries as real estate, hospitality, entertainment, and gaming. Buildrs empower them using the original platform, which covers all aspects of virtual assets, the virtual economy, and the Metaverse. Viktor Andreas, Founder and CEO of Buildrs stated in a LinkedIN video , “ We are very excited to be here in Dubai and continue our journey providing Web3 infrastructure which we have started three years ago in Swtizerland. UAE has created one of the most innovative...

  Blockchain provider Belfrics, part of Life Clips Group has set up its operation in the UAE after being admitted to DIFC (Dubai International Financial Centre) under Innovation business category. It is seeking a license for digital assets trading As per the news, this is part of Belfrics expansion plans into the MENA region especially given that the UAE is at the forefront of blockchain and crypto adoption in the region. Belfric’s will implement its proprietary blockchain Belrium identity and document management solution. Belfrics will be focusing on deploying decentralized applications for the government and non-government sectors in the health, education and human resource sectors. Belfrics office is located in the Central Park Towers, one of the most prestigious business towers in the UAE. Belfrics will further proceed to apply for the newly launched ITL (innovation testing license) for digital assets trading by DIFC. Through this new expansion, Belfrics Technologies Li...