Cardano accelerator and Saudi ventures ASFA to drive Web3 adoption in KSA
Adaverse, a Cardano focused accelerator that supports Web3 and blockchain solutions with funding, mentorship and tech infrastructure, has signed an MOU with Saudi based ASFA...
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Blockchain and AI IO Research secures $30 million valuating it at $1 billion
IO research, a, blockchain and AI startup, founded and headed by Ahmad Al Shadid, has raised $30 million in a series A funding, valuating the...
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Morgan Stanley opens office in ADGM as it eyes Bitcoin ETF in the United States
Morgan Stanley, which is said to be eyeing a Bitcoin ETF, has announced the opening of its office in Abu Dhabi at ADGM. The firm...
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Blockchain GameFi Venture, MetaTrace receives license in UAE
MetaTrace, a GameFi venture, has secured a license from the UAE RAK DAO within the free economic zone. Embarking on its third investment round, the...
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MIRAI Capital to invest $7 million in digital assets exchange
UAE based MIRAI Capital Global, has made a non-binding commitment of $7 million to invest in DigiMaaya, a digital assets exchange and bank. As per...
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IOTA to invest $10 million in UAE and African tradetech startups
UAE based IOTA ecosystem, DLT Foundation, has committed $10 million investment fund to support early-stage startups and ventures in the UAE and Africa. The funding...
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Saudi Blockchain startup wins $500K from Meet the Drapers
Saudi Arabian based Blockchain enabled Insuretech platform TakaDAO has won 2nd place at Meet the Drapers Season 6, winning $500K in funding. Sharene Lee, Co-Founder...
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BackPack raises $17 million to grow its crypto ecosystem
The BackPack group continues to move from one success to another. After receiving its crypto exchange license in UAE, and expanding to 11 states in...
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Digital asset investment firm launches Shari’ah compliant crypto Fund
Netherlands-based investment firm, The Growth Capital, has partnered with Shari’ah Review Bureau (SRB) as its Sharia advisor to oversee its investment activities in digital assets,...
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UAE investor puts $1.5 million into Web3 gaming platform
GameCentric a new Web3 enabled MENA gaming platform which seeks to incorporate crypto and digital assets, has raised $1.5 Million in capital from UAE Angel...
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