1. PixelPlaygroundHome
  2. Web3 News

Hub71’s Plan to Fuel Web3 Startups with $2 Billion

• Web3 News • 105 views

It is reported that Hub71 in the Abu Dhabi Science and Technology Ecology announced the launch of the \”Hub71+Digital Assets\” plan, which has more than US $2 bi…

Hub71s Plan to Fuel Web3 Startups with $2 Billion

It is reported that Hub71 in the Abu Dhabi Science and Technology Ecology announced the launch of the “Hub71+Digital Assets” plan, which has more than US $2 billion in funds, is committed to providing funding for local Web3 startups and blockchain technology companies, and will also help project financing, commercial innovation, and access to corporate customers, governments and investment partners in the United Arab Emirates and the global market. （wam）

The Abu Dhabi Science and Technology Ecological Center Hub71 with US $2 billion launched the “Hub71+Digital Assets” plan

Interpretation of the news:


Hub71, a tech ecosystem located in the Abu Dhabi Science and Technology Ecology, has unveiled a new program called “Hub71+Digital Assets” plan. The program aims to provide over $2 billion in funds to local Web3 startups and blockchain technology companies to help them secure project financing, pursue commercial innovation, and expand access to corporate customers, governments, and investment partners.

With the emergence of the Web3 ecosystem and the increasing demand for decentralized applications, there has been a growing need for investment in related projects. The Hub71+Digital Assets program is designed to support promising projects in this area and help them grow into successful businesses.

The program’s $2 billion funds will provide a significant boost to the blockchain industry in Abu Dhabi and the wider United Arab Emirates (UAE) region. As the demand for blockchain technology grows, the program can help foster further innovation, fueling growth in the industry.

The program is particularly focused on supporting local startups and businesses, aligning with the UAE’s wider vision to transition from being an oil-based economy to a knowledge-based economy. Through supporting the growth of local talent, the program can help stimulate economic growth and create new job opportunities in the region.

Alongside funding, the program aims to provide startups with connections to important industry players. By providing access to corporate customers, governments, and investment partners, entrepreneurs can gain valuable insights, resources, and opportunities that can help their businesses thrive.

Overall, the Hub71+Digital Assets program marks a significant development for Web3 startups and blockchain technology companies in the UAE. With its targeted funding and access to key industry players, the program can help support the growth of innovative projects in the region, driving the blockchain industry forward.

In summary, Hub71’s latest program offers a promising opportunity for Web3 startups and businesses in Abu Dhabi and the UAE region, fueling innovation and growth in the blockchain industry.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/643/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 02/15/2023 11:52
Next 02/15/2023 12:05

Recommended articles