Abu Dhabi wants to back Web3 startups with a new $2 billion initiative
Join Our Telegram channel to stay up to date on breaking news coverage Abu Dhabi’s tech ecosystem, known as Hub71, recently proved its dedication to the crypto sector and pursuit of a decentralized future. Hub71 announced that it had started a $2 billion initiative that intends t back blockchain and Web3 startup s in the region. The move has the goal of supporting existing startups, as well as attracting new companies to the region, which will further strengthen Abu Dhabi as one of the biggest crypto hubs in the world. Details of the new initiative The initiative is known as the Hub71+ Digital Assets ecosystem initiative, and apart from the funding, it will also offer startups access to a wide range of programs. Apart from that, emerging Web3 companies will have a unique opportunity to connect with multiple corporate, government, and investment partners. Hub71 has launched the Hub71+ Digital Assets specialist ecosystem in Abu Dhabi Global Market with AED7billion of f...