The Crypto Oasis identifies 1,650+ Blockchain organisations in the UAE at the end of Q4 2022

The Crypto Oasis identifies 1,650+ Blockchain organisations in the UAE at the end of Q4 2022

Key Highlights:

- 8,300+ individuals currently work in organisations in the Crypto, Blockchain, Metaverse and Web3 Ecosystem of the UAE, 18.6 percent more than Q3 2022

- Native organisations account for 68.2 percent (1,126 organisations) of the total number and non-native organisations are 31.8 percent (525 organisations)

- The goal for the end of 2022 was to identify 1,500 organisations and it has been surpassed by a commendable margin

DUBAI, UAE: - (ACN Newswire) - Crypto Oasis, the fastest growing Blockchain Ecosystem in the world has now surpassed their goal of identifying 1,500 organisations in the Ecosystem by the end of 2022. As of 31st December, there were over 1,650 organisations and the ecosystem has been growing faster than previously anticipated.

The Ecosystem has witnessed a sturdy 13.8% growth that proves that the Crypto Oasis is expected to continue its robust growth in the coming months as regulators in the region welcome innovation and disruption, making it easier for blockchain-related companies to secure licences and operate. At the forefront of this is Dubai Multi Commodities Centre(DMCC) which is home to over 500 of these native Blockchain organisations, representing the largest concentration of crypto and blockchain companies in the Middle East and North Africa (MENA) region.

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