DUBAI – (NewMediaWire) – January 20, 2023 – (ACN Newswire) – Crypto Oasis, The World’s Fastest Growing Blockchain Ecosystem, Identifies 1,500 Organizations In Its Ecosystem By The End Of 2022 exceeded the goal of As of December 31st, there are over 1,650 organizations and ecosystems, comprising the Middle East and North Africa geographic region and its Blockchain, Crypto, Metaverse, and Web3-related organizations. It’s growing faster than previously expected.
With the ecosystem growing at a solid 13.8%, Crypto Oasis is expected to continue its strong growth in the coming months. Regulators in the region welcome innovation and disruption, making it easier for blockchain companies to secure licenses and operate. At the forefront is the Dubai Multi-Commodity Center (DMCC), home to over 500 native blockchain organizations and the largest concentration of cryptocurrency and blockchain companies in the Middle East and North Africa (MENA) region. .
Crypto Oasis added over 200 new organizations in Q4 2022, bringing over 1,300 new professionals to its burgeoning ecosystem, bringing the total number of individuals working in the industry to over 8,300. This 19% increase in employment numbers can be attributed to the UAE being a force to be reckoned with in the global blockchain landscape. His 78.2% (around 6,500) of these individuals work for native blockchain organizations, i.e. organizations focused on blockchain and related decentralized technologies. 21.8 (nearly 1,800) percent work for non-native companies, i.e. companies that offer blockchain-related services or products but do not make blockchain their primary focus.
Crypto Oasis founder Ralf Glabischnig said: and Social Media. However, as it is a relatively new emerging technology, its potential has not yet been fully realized and the industry faces challenges such as scalability, security and user adoption.Web3 and Distributed We want to work together and learn from each other as we work to improve type technology. ”
Crypto Oasis helps blockchain and Web3 organizations access resources and expertise to help them navigate the complex and rapidly evolving landscape. Additionally, participating in the ecosystem gives you the opportunity to network with potential partners and customers and introduce your work to a wider audience.
Crypto Oasis co-founder Saqr Ereiqat said: “The Ministry of Economy (MoE) has become one of the first government agencies in the world to operate in the metaverse. By 2022, the MoE aims to double the contribution of the digital economy from 9.7% to 19.4%. With the launch of regulators such as VARA, various industry events such as Abu Dhabi Finance Week and Dubai Fintech Week, and the launch of the Dubai Economic Agenda ‘D33’, the UAE has set the stage for the next decade. It shows that you have taken a positive step in It is the center of the world’s digital economy. ”
The first edition of the Crypto Oasis Ecosystem Report 2022, published in collaboration with Roland Berger in October 2022, identified over 1,450 Web3 organizations in the UAE as of the end of Q3 2022. Oasis ecosystem. Commenting on the growth of the ecosystem, Pierre Samathies, Partner and Global Head of Crypto His Economy and His Web3 at leading strategy consulting firm Roland Berger, said: The growth of the crypto oasis ecosystem has already witnessed how the region’s regulators welcome innovation and disruption, making it easier for blockchain companies to secure licenses and operate, and the future It will continue for several months. ”
The Crypto Oasis Ecosystem is dedicated to building and enhancing the decentralized technology infrastructure in the region. Ecosystems are meant to foster collaboration and pool resources and expertise to create a more robust and resilient environment to build, create and operate. The Web3 ecosystem positively impacts the wider community by serving the needs of all members and helping drive innovation around decentralized technology. A new member of the ecosystem will have the opportunity to contribute to this effort and shape the direction of his Web3 development in our region.
report link: https://cryptooasis.ae/ecosystem-report-2022/
About Crypto Oasis
Crypto Oasis is a MENA focused blockchain ecosystem headquartered in Dubai, United Arab Emirates. The core elements required for its growth are people, capital and infrastructure. Stakeholders in the ecosystem include investors and collectors, startups and projects, corporations, science and research institutions, service providers, government agencies and associations. Crypto Oasis’ vision is to become one of the world’s leading blockchain ecosystems. Today, it is the fastest growing blockchain ecosystem in the world, with over 1,650 organizations identified and over 8,300 individuals working in the space in the UAE alone. Visit www.cryptooasis.ae.
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