ADGM

Algorand, Polygon, and Binance join forces with Hub71 to drive Web3 innovation in Abu Dhabi

CryptocurrencyNews
··1 min read

Abu Dhabi’s Hub71, based at Abu Dhabi Global Markets (ADGM), announced yesterday that it has signed a Memorandum of Understanding (MoU) with blockchain companies Algorand, Polygon, and Binance.

The move follows the recent launch of Hub71+ Digital Assets, a specialized ecosystem aimed at providing support and unlocking the potential of Web3 startups and blockchain startups.

Under the MoU, Algorand, Polygon, and Binance will work together to support the growth of the Web3 industry in Abu Dhabi, a move that further solidifies their presence in the fastest-growing Web3 markets.

Through a number of partnerships with venture capital firms, Hub71+ Digital Assets has $2 billion of capital available to support web3 and blockchain startups.

The partnership will benefit startups in Abu Dhabi by providing them with access to a wide range of resources and expertise in the blockchain industry.

Read more about digital assets and blockchain in the UAE:

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