Dubai, United Arab Emirates – (Newsfile Corp. – July 30, 2022) – The Dubai block chain Center (DBCC) and Chaintech Labs Ltd (CTL) have announced a new cooperation agreement to foster the block chain technology research and development for companies and government authorities in the GCC region.
The agreement, in the form of a Memorandum of Understanding (MoU), formalizes the mutual interaction and strengthens the existing relationship between Dubai Blockchain Center and Chaintech Labs Ltd at a strategic and working level, focusing on the incorporation of global companies and government authorities. in blockchain, the development of standards for public and private blockchains, smart contracts, fungible and non-fungible tokens.
Dubai Blockchain Center and Chaintech Labs
The Dubai Blockchain Center aims to bring together blockchain thought leaders, developers, investors and educators. Host free blockchain 101 awareness sessions in Arabic and English, accommodation Events focused on use cases.
Chaintech Labs Ltd is a blockchain research and development house, incorporated in the Dubai International Financial Center and founded by a group of blockchain researchers and game developers from Stockholm, San Francisco, New York and Dubai. Chaintech Labs Ltd owns more than 10 global NFT projects, including more than a million people in its community, and a total token market capitalization of close to $1 billion.
DBCC and CTL share the goal of serving the public and private interest. This MoU provides for the continued strengthening of future cooperation between DBCC and CTL to achieve common goals that will increase the general understanding of blockchain technologies and how they will benefit society as a whole.
Erik Lydecker, CEO of CTL, said:
“We are honored and humbled by the trust and support we have received from the Dubai Blockchain Center, in leading all blockchain technology efforts in the UAE and beyond. We are very excited to operate together with a partner like DBCC, in the most progressive and audacious country in the world, in terms of incorporating and implementing cutting-edge technologies, in all industries”.
Dr. Marwan Al Zarouni, CEO of DBC, said:
“Our goal is to support creators and innovators in the crypto and blockchain space. This is in line with the recently announced Dubai Metaverse strategy. Our cooperation with CTL allows us to access their community and create more opportunities for projects within the NFT and metaverse space, as well as create, support and nurture talent in Dubai, the United Arab Emirates and beyond.”
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