In an announcement on LinkedIn, both UAE Ghaf Labs, a blockchain consultancy and incubator firm focused on cultivating and fostering dynamic startups in the blockchain domain, and DRIFE Blockchain Taxi 3.0 platform has partnered to grow the ride haling landscape in the MENA region.

Ghaf Labs sister company is Ghaf Capital a private investment company also based in the UAE.

Firdosh Sheikh, Founder of DRIFE states, “We are excited to announce our partnership with Ghaf Labs. With such a strong advisory team on board from GHAF, we’re ready to navigate the ride-hailing landscape in MENA. Stay tuned for the journey ahead with DRIFE!

Ghaf Labs also stated that they are proud to highlight DRIFE one of their advisory projects. According to Ghaf Labs, DRIFE is set to revolutionize Dubai’s taxi service. Ghaf Labs notes, “Utilizing blockchain technology and an auction-based pricing model, DRIFE ensures fare transparency and a zero-commission policy, offering riders competitive fare options directly from drivers.”

With a new trade license secured through collaboration with AASA Passenger Mobility Services, DRIFE is launching with 1,000 cabs, introducing a new era of decentralized ride-hailing, dubbed Taxi 3.0.

Ghaf Labs is supporting DRIFE’s mission to transform urban mobility in Dubai.

UAE based Ghaf Labs, a boutique consultancy and advisory firm specializing in web3 ventures partners with Sui Foundation, a Blockchain Foundation that supports the growth and proliferation of the Sui blockchain protocol (“Sui”) and associated ecosystem.

Sui is a Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone.

This strategic alliance is aimed at driving Sui Foundation’s expansion within the UAE and the MENA region, fostering the growth of web3 adoption.

Established in 2019, Ghaf Capital Partners, a private investment firm, has solidified its position as a pioneering player in the web3 investment space, boasting an impressive portfolio of 75 portfolio companies. The team’s extensive business background and strong web2 exposure have uniquely positioned them to navigate the dynamic landscapes of both traditional and blockchain-based industries.

In response to the growing demand from companies seeking exposure in the MENA region, Ghaf Capital introduced Ghaf Labs, a boutique advisory and consultancy service dedicated to web3 ventures. The Labs’ philosophy is centered on providing personalized attention to a select number of clients each year, ensuring that their unique needs and goals are met with utmost precision and care.

As part of this groundbreaking partnership, Sui Foundation will be supported holistically through Ghaf’s expertise and market insights. With ambitious plans to expand its ecosystem in the UAE, Sui Foundation aims to tap into the region through a series of direct objectives, such as university partnerships, discussions with regulators, organizing regional hackathons and supporting local web3 projects.

Sui Foundation shall kick off its presence in the region by participating in some of the most prominent web3 summits in the UAE for Q4 2023, such as, Future Blockchain Summit, World Blockchain Summit and Global Blockchain Congress.

Sui Foundation will also host a monthly meet up in Dubai called “Sui Connect” which will act as an enabler for community building while fostering local ecosystem stimulation.

“We are delighted to partner with Sui Foundation on their journey to become the leading choice for web3 partnerships,” said Sheikh Al Mualla bin Ahmed Al Mualla, Co-founder of Ghaf Labs. “Their team’s commitment to excellence and groundbreaking innovations aligns perfectly with our vision of fostering the growth of web3 technologies in the MENA region,” Said Feras Al Sadek, Co-founder of Ghaf Labs.

Greg Siourounis, Managing Director at Sui Foundation, also expressed his enthusiasm about the partnership, saying, “Together with Ghaf Labs, we are poised to ignite an era of transformative advancements in web3 technologies in the MENA region and beyond, bringing Sui’s state-of-the-art blockchain-based technologies to bear addressing real world challenges that have not been solved by traditional centralized networks. We believe our shared vision will pave the way for building a global decentralized web3 ecosystem based on the most advanced technologies and inclusive of all people.”

UAE Ghaf Labs, sister company of Ghaf Capital Partners, a premier blockchain consultancy and incubator firm based in the Middle East, focused on cultivating and fostering dynamic startups in the blockchain domain and Republic Crypto, a global blockchain firm that provides end-to-end white glove advisory services to accelerate the best crypto companies from seed to liquidity, have partnered in UAE to offer consulting, acceleration services to blockchain and Web3 entities in MENA.

Obtaining a license from the DIFC in 2022, Republic Crypto is now extending its tech advisory services to the UAE market. This is the first step towards its plan to deliver its full stack of products and services with an intention to enrich and further develop the local and regional web 3 landscape. The company is also committed to contributing to the regional regulatory framework by collaborating with all relevant governmental entities, starting within the UAE.

Republic Crypto is bringing its experience in advising companies and protocols on tokenization, smart contract development, marketing, fundraising, and more.  Republic Crypto will help the region’s startups and businesses tap into and leverage the web 3 industry to further realize their full potential. Avalanche, Dappradar, and Zed are a few of the company’s many successes thus far.

Ghaf Labs will help Republic Crypto identify and support exciting new projects as well as build a strong presence within the UAE. Together, the two firms aim to provide the highest quality service and support for the UAE’s web 3 needs.

Republic Crypto has signed an agreement with MyCo ( formerly MContent ), a Dubai-based web3 streaming platform, to help build their web 3 strategy, making MyCo the first advisory project from the region.  MyCo is the first-of-its-kind vertically integrated streaming platform that empowers creators and users alike and offers a diverse content slate, including film, tv shows, influencer content, live sports, and UGC.

Anwaar AlMahmeed, Managing Director of Republic Crypto in MENA, stated, “At Republic, we have been evaluating the MENA landscape, building our network, and having consistent conversations with investors, startups, and regulators for our various lines of business.  We determined early on that the UAE is a regional leader in the web 3 space. I am excited to finally announce Republic Crypto’s local presence and services, along with our partnership with the wonderful team at Ghaf Labs, a leader in the local UAE market, whom I trust will help build our vision for this market according to our shared values and dreams.  I am confident that this partnership will be able to foster a robust ecosystem of quality and innovation and help shape the future of the industry in the region.”

Feras Al Sadek, Founder and CEO at Ghaf Labs, commented on the partnership, stating that “The expansion of Republic Crypto into the UAE market and its partnership with Ghaf Labs is a significant step forward for the local blockchain industry. By leveraging each other’s networks and experiences, we shall create a very precise strategy based on growth, acceleration, advisory, and consultancy services. This will allow us to provide cutting-edge solutions to our clients and further enrich the blockchain ecosystem around us.”