Dubai’s DIFC to issue artificial intelligence and Web3 licences

  • Date: 15-Aug-2023
  • Source: Gulf Business
  • Sector:Financial Markets
  • Country:UAE
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Dubai’s DIFC to issue artificial intelligence and Web3 licences





Image credit: Dubai Media Office

The Dubai AI and Web 3.0 Campus has announced that it is issuing artificial intelligence and Web3 licences supporting activities ranging from distributed ledger technology services, specialised artificial intelligence research and consultancies, IT infrastructure builders, technology research and development and public networking services.

Artificial intelligence and Web3 licences issued by DIFC

Licences will be issued by Dubai International Financial Centre (DIFC), the financial centre in the Middle East, Africa and South Asia region.

The Dubai AI and Web 3.0 Campus is a dedicated campus for AI and Web3 innovation and will provide physical and digital infrastructure within the DIFC Innovation One new premises, including R&D facilities, accelerator programmes and collaborative workspaces, to attract, build and scale firms in the region.

The campus was launched earlier this year and is supported by Dubai’s regulatory regime aligned with the emirate’s vision of becoming a global leader in AI and Web3.

#Dubai AI and Web 3.0 Campus introduces specialised licensing solutions for tech firms looking to scale their business in the region. Licenses will be issued by @DIFC, which is currently home to an established ecosystem of tech enablers and start-ups at the @InnovHubDIFC.… pic.twitter.com/gt6zFGBA1i

— Dubai Media Office (@DXBMediaOffice) August 15, 2023

The campus