RAK DAO (Ras Al Khaimah Digital Assets Oasis) the world’s first and only common law free zone exclusively dedicated to digital and virtual asset companies, has partnered with BlockLogica, a Web3 digital assets strategy hub to usher in Web3 Blockchain innovation.

“We are thrilled to welcome Blocklogica Labs into the RAK DAO ecosystem. This partnership signifies our commitment to fostering innovation and providing unparalleled support to visionary enterprises within the blockchain space. Together, we will drive forward our mission of shaping a new era of digital transformation and empowerment in the Web3 landscape,” said Dr. Sameer Al Ansari, CEO of RAK DAO.

Asal Alizade, Co-Founder of BlockLogica Labs added, “Looking at the great potential for the Web3 industry in the UAE, we are excited to stand next to RAK DAO and create a supportive and regulated environment for cutting-edge projects in the Web3 and Blockchain area to grow properly. It’s impressive to see how RAK DAO is so innovative in changing the Digital Assets regulatory space and creating a healthy ecosystem, where all ideas and projects have an opportunity to grow perfectly and be seen, and we are happy to take part in building this ecosystem.”

Together, RAK DAO and Blocklogica Labs aim to advance joint efforts in shaping a new, open, decentralized, and trustless digital era. By amplifying opportunities for businesses and startups in the ever-evolving blockchain space, this partnership sets the stage for groundbreaking developments in the Web3 landscape.

Just last week, Conflux Blockchain, a Layer 1 Blockchain,entered the UAE and partnered with UAE’s RAK Digital Assets Oasis (RAKDAO) to develop the Blockchain and digital asset sector.