Hub71 Launches $2 Billion Plan to Boost Web3 Startups and Blockchain Technology Companies

02/15/2023 12:00 • NFT Newsflash • 163 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 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

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Hub71, a leading tech ecosystem located in Abu Dhabi, has announced the launch of its latest initiative, the “Hub71+Digital Assets” plan. The $2 billion scheme is a response to the growing importance of Web3 startups and blockchain technology companies, which are seen as crucial to the future of digital transformation and innovation across a range of sectors.

The aim of the Hub71+Digital Assets plan is to provide funding and support for local Web3 startups and blockchain technology companies, and to help them access project financing, commercial innovation, and corporate customers, governments, and investment partners both in the UAE and around the world. By enabling these companies to develop their products and services, Hub71 hopes to catalyze the growth of a vibrant and dynamic tech ecosystem in Abu Dhabi, and to position the city as a leading hub for digital innovation and entrepreneurship.

The launch of the Hub71+Digital Assets plan is timely, given the rapid evolution of Web3 technologies and their potential to transform the way we live and work. Web3, also known as the decentralized web, refers to a new generation of applications and platforms that are built on decentralized networks, rather than centralized servers. This enables greater security, privacy, and control over user data, and enables new types of interactions and transactions to take place.

By supporting Web3 startups and blockchain technology companies, Hub71 is tapping into this emerging trend and positioning itself at the forefront of the digital transformation across the UAE and beyond. As part of the plan, Hub71 will also provide access to a range of resources and services, including mentorship, marketing, and networking opportunities, to help these startups and companies grow and succeed.

In summary, the launch of the Hub71+Digital Assets plan is a bold and strategic move by the Abu Dhabi Science and Technology Ecology to foster the growth of a vibrant and dynamic tech ecosystem in the UAE. By providing funding, support, and access to resources and networks, Hub71 is helping to position Abu Dhabi as a leading hub for digital innovation and entrepreneurship, and is ensuring that Web3 startups and blockchain technology companies have the resources they need to thrive in a rapidly evolving digital landscape.

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