BlockByBlock | The Battle For MENA Dominance
Startups in the UAE and Saudi comprise 95% of all investments made in the MENA region in March. A $500 million crypto fund emerges out of Dubai and Silicon Valley. DWF injects $1 million into LABEL.
In This Week’s Issue
⚡ Startups in the UAE and Saudi Arabia raise $234 million of the $247 million raised in the MENA region in March.
💸 C1 Secondaries Fund, a digital asset fund based in Dubai and Silicon Valley, pledges $500 million to blockchain and Web3 projects worldwide.
🌟 Digital Wave Finance (DWF) Labs, a UAE-based Web3 firm, invests $1 million in LABEL Foundation, a Korean blockchain-based entity focused on music disruption.
Local Developments
Blockchain Movements In The GCC 👇
VAF Compliance, a UAE-based virtual assets compliance firm, launches a telegram bot service that assesses risks associated to accepting crypto payments.
Startups in the UAE and Saudi Arabia raise $234 million of the $247 million raised in the MENA region in March.
The Qatari Central Bank licenses MyFatoorah to provide digital payment services.
Startup Action
Updates From The Startup Ecosystem 💸
Digital Wave Finance (DWF) Labs, a UAE-based Web3 firm, invests $1 million in LABEL Foundation, a Korean blockchain-based entity focused on music disruption.
C1 Secondaries Fund, a digital asset fund based in Dubai and Silicon Valley, pledges $500 million to blockchain and Web3 projects worldwide.
YallaMarket, a Dubai grocery store delivery service, announces it will begin accepting crypto via Binance and IvendPay.
Blockchain Trends
Global Trends 📉
Ethereum executes the Shapella hard fork, making funds locked since 2020 available to stakers.
MasterCard launches an NFT-gated musician accelerator program.
Twitter prepares to integrate crypto trading into its application via international broker eToro.
Upcoming Events
Blockchain Events By AgoraGroup 🔴
The Global Blockchain Congress will be hosted by AgoraGroup in London, England, on July 24th & 25th, 2023.
Blockchain Events Across The UAE 🔵
Blockchain Economy will be hosted between October 2nd to October 5th in Dubai, the UAE.
The Future Blockchain Summit will be hosted between October 17th and October 20th in Dubai, the UAE.