Hub71, Abu Dhabi’s global tech ecosystem, has signed a Memorandum of Understanding (MoU) with the leading Korean blockchain developer WEMIX in order to create and accelerate growth opportunities for their respective portfolio companies and Web3 startups.
As part of the partnership, WEMIX startups will have the opportunity to join Hub71’s community of over 200 startups and gain access to its range of value-add programs and incentives.
According to the statement, “Select startups will also benefit from the ability to scale globally through Hub71’s web3 and digital assets specialist ecosystem, Hub71+ Digital Assets, to unlock access to a host of programs, initiatives, and a wide network of corporate, government, and investment partners in the UAE and global markets.”
Mr. Shane Kim, CEO of WEMIX, said that developing strong partnerships with key stakeholders like Hub71 is an important part of our commitment to growing the blockchain ecosystem in the Middle East and North Africa (MENA) region.
“This marks another milestone in WEMIX’s expansion in the Middle East following the opening of its first office in the region, as we further tap into the vibrant energy and positive industry support in one of the world’s fastest-growing regions for blockchain technology,” added Mr. Kim
Ms. Elodie Robin Guillerm, Head of Growth and Strategy at Hub71, stated that, “The addition of WEMIX to our Hub71+ Digital Assets ecosystem is a testament to the growth potential there is to be seized from Abu Dhabi. Hub71 truly values partnership and collaboration and by joining forces with leading blockchain companies like WEMIX, we can work together towards developing industry-leading blockchain technologies to give rise to more opportunities for Web3 startups.”
Hub71+ is a specialist ecosystem dedicated to advancing specific technology sectors. The first Hub71+ to launch is ‘Hub71+ Digital Assets’ – focused on unleashing the disruptive potential of Web3 and the growth of digital assets.
Hub71+ Digital Assets is based at Hub71 in Abu Dhabi Global Market (ADGM) where Web3 startups can operate in a progressive regulatory environment, which offers world-class blockchain and virtual asset infrastructure.