Dubai’s DMCC partners with Enya Labs, Boba Network

Dubai’s DMCC partners with Enya Labs, Boba Network

Local News, Uncategorized















DUBAI / WAM

Dubai Multi Commodities Centre (DMCC) has further expanded the comprehensive offering of the DMCC Crypto Centre ecosystem with the addition of a major global technology partner, Enya Labs. Founded by a team of Stanford faculty and alumni, Enya Labs is a leading developer of decentralised infrastructure solutions, and is a core contributor to Boba Network.

Boba Network is a global platform that allows blockchain and web3 businesses to build next-generation decentralised apps (dApps) with reduced transaction and computation fees and increased throughput. The platform provides an expanded set of capabilities for smart contracts on a range of blockchain networks, including Ethereum, Moonbeam and Avalanche. Boba Network also offers Hybrid Compute technology, which allows developers to build dApps that can utilise ‘off-chain’ data from any web2-based system.

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said, “The ability of the DMCC Crypto Centre to attract such high-profile and impactful players in the web3 space is a true testament to the thriving ecosystem that we have created. By bringing Boba Network into the fold, in partnership with Enya Labs, we are providing a