UAE’s RAK Digital Oasis partners with Human.ai to bring Blockchain AI to companies in the ecosystem

UAE’s RAK Digital Oasis partners with Human.ai to bring Blockchain AI to companies in the ecosystem

UAE based RAK Digital Assets Oasis (RAK DAO) and Blockchain AI empowered platform Humans.ai  have partnered to drive artificial intelligence innovation in the Ras Al Khaimah (RAK) UAE. The Memorandum of Understanding (MOU) signifies the launch of an operational collaboration that will reshape AI technology within the world’s first Free Zone dedicated to global digital and virtual asset companies.

The strategic alliance aims to provide exclusive incentive packages to the first AI-focused companies establishing themselves in RAK DAO. These companies will gain access to RAK DAO’s partner ecosystem, offering services like toolkits, Dapps, tech solutions (including Humans.ai), investment opportunities, venture capital partners, banking, and licensing.

This partnership intends to create a robust blockchain framework that empowers AI companies in RAK DAO. This framework ensures secure governance and operation of AI models while maintaining transparency. Additionally, companies will tap into Humans.ai’s network, products, services, tools, and tech support to enhance operational efficiency and capabilities.

Sabin Dima, Humans.ai’s Founder and CEO, emphasized the significance of the partnership in fostering innovation, technological advancement, and economic growth. The combined expertise of Humans.ai and RAK’s visionary support will establish an ecosystem that encourages entrepreneurship and AI adoption, thereby impacting the global AI landscape.

Dr. Sameer Al Ansari, CEO of RAK DAO, underscored the partnership’s role in propelling Ras Al Khaimah to the forefront of AI technology. The collaboration will explore avenues to accelerate AI advancement, including joint Accelerators, Venture Studios, and similar initiatives that catalyze AI-driven entrepreneurship.

Humans.ai is in the UAE after partnering with UAE based blockchain consultancy studio Deca4 in Dubai.

In addition Humans.ai Blockchain for AIs introduced wrapped AI NFTs using Hedera Hashgraph blockchain network. Humans.ai’s cutting-edge Blockchain for AIs has launched its cross-chain interoperability with Hedera Hashgraph, to revolutionize the way AI NFTs are used across different platforms.

Humans.ai aims to scale the company’s innovative wrapped AI NFTs on the Hedera blockchain as a growing community of projects, applications, and ecosystem tools provide compelling reasons to choose Hedera to bring AI NFTs to the masses.

UAE RAK Digital Assets Oasis partners with HBAR Foundation to fund and grow Blockchain Web3 members

UAE RAK Digital Assets Oasis partners with HBAR Foundation to fund and grow Blockchain Web3 members

UAE’s RAK Digital Assets Oasis (Ras Al Khaimah DAO), the world’s first and only free zone dedicated to global digital and virtual assets companies, and The HBAR Foundation have signed of a Memorandum of Understanding (MOU). The HBAR Foundation will support RAK DAO ecosystem members to leverage the power of blockchain and build economies and applications on Hedera, the most used enterprise-grade public network.

This marks RAK DAO’s first operational relationship, bringing together the expertise and resources of both companies to provide direct and streamlined access to benefits within the Hedera ecosystem. These include a comprehensive grant program, financial backing processes, specialized expert support across technology, marketing and business development, and support to scale adoption and innovation of new ideas in the Web3 space.

“By creating and enabling the world’s first licensed Web3 ecosystem, we are facilitating the seamless exchange of information, connecting businesses across sectors, and paving the way for synergistic relationships to flourish. Together, we are unlocking a world of new possibilities, empowering entrepreneurs, and propelling innovation forward,” says His Highness Sheikh Mohammed bin Humaid bin Abdullah Al Qasimi, Chairman of RAK DAO. “This collaboration is a testament to our shared commitment to driving sustainable growth and shaping a future where Ras Al Khaimah emerges as a global leader in the digital economy.”

Together, RAK DAO and The HBAR Foundation will spearhead various initiatives in the Digital Assets Oasis ecosystem, including regular startup and scale-up pitching sessions, opportunities to connect with partners and investors, and explore avenues to launch joint projects such as venture studios or accelerators.

The HBAR Foundation grantees will also benefit from discounted set-up and licensing packages to establish themselves in RAK DAO, as well as access to effective banking solutions available to all members of the ecosystem. Both companies will work together dynamically to foster collaboration, fuel innovation, overcome barriers, and empower entrepreneurs in their journey to build the future of Web3 and blockchain technology.

“The United Arab Emirates has established itself as a dynamic hub for Web3 innovation, magnetizing global enterprises and top-tier talent. We eagerly anticipate joining forces to pioneer the future of the emerging technologies landscape,” says Shayne Higdon, CEO of the HBAR Foundation. “Through this exclusive relationship between The HBAR Foundation grantees and RAK DAO, we’re honored to provide grantees with greater access to the UAE whilst working together to establish RAK DAO as a major hub for the Web3 and digital assets sector.”

The desert of UAE now has two crypto Blockchain oases, plural for Oasis

The desert of UAE now has two crypto Blockchain oases, plural for Oasis

The Government of Ras Al Khaimah (RAK) will be launching the RAK Digital Assets Oasis free zone dedicated to digital and virtual asset companies for non regulated entities. So the UAE now has two crypto Blockchain Oases, one in DMCC for regulated blockchain and crypto entities and one in RAK for non regulated. The new oasis will be launched in Q2 of 2023. 

Sheikh Mohammed bin Humaid bin Abdullah Al Qasimi, Chairman of RAK ICC and Chairman of RAK Digital Assets Oasis said,  “We are proud to further the UAE’s position as a primary destination for innovation with the launch of RAK Digital Assets Oasis. We are building the free zone of the future for the companies of the future. As the world’s first free zone solely dedicated to digital and virtual asset companies, we look forward to supporting the ambitions of entrepreneurs from around the world with our progressive, supportive, and quick-to-adapt approach, and our innovation-enabling environment.”

Making the announcement, Dr. Sameer Al Ansari, CEO of RAK ICC and CEO of Digital Assets Oasis, said: “I am privileged to help implement the forward-thinking vision of the leadership of Ras Al Khaimah to enable, foster, and promote innovation in new and emerging sectors of the future. With the UAE’s established reputation as an innovation hub, RAK Digital Assets Oasis delivers a truly unique offering to global entrepreneurs bringing together an unmatched combination of accessibility and liveability, supported by Ras Al Khaimah’s business-friendly infrastructure, progressive policies, and an international lifestyle offering.” 

RAK Digital Assets Oasis will be a purpose-built, true innovation-enabling free zone for non-regulated activities in the virtual assets sector. It is intended to be the only free zone in the world solely dedicated to digital and virtual assets service providers innovating in new and emerging sectors of the future including metaverse, blockchain, utility tokens, virtual asset wallets, NFTs, DAOs, DApp, and other Web3-related businesses. RAK Digital Assets Oasis will open for applications in the second quarter of 2023.

“We look forward to welcoming the world’s brightest Web3 minds with their most disruptive ideas that uncover new approaches to creating a better future. We are committed to empowering the next generation of global entrepreneurial talent to build transformative solutions and create impact, while shaping the future of businesses and economies,” added Dr. Al Ansari.

RAK Digital Assets Oasis’ unique lifestyle proposition will support companies with robust, innovation-enabling adoption frameworks, advisory and professional services, hybrid workspaces, accelerators and incubators, sandboxes, access to funding, and an environment that encourages entrepreneurs to imagine, create, and evolve.

The free zone aligns with the UAE’s position as a primary destination for innovation. RAK Digital Assets Oasis will be a remote-work friendly, globally connected destination for digital and virtual asset companies building innovative business models for the future that will be well positioned to tap into the region’s emerging markets.

Prior to this DMCC had embraced the Crypto Oasis ecosystem within its free zone in Dubai UAE. It has also incorporated the DMCC Crypto Center dedicated to crypto and Blockchain entities. So today RAS Al Khaimah is yet another blockchain and crypto oasis in the desert.