Crypto Oasis gears up to add over 1,000 blockchain organisations

Crypto Oasis gears up to add over 1,000 blockchain organisations

Crypto Oasis, a Middle East-focused blockchain network based out of the Dubai Multi Commodities Centre (DMCC), has established a solid foundation for inventive talent inspired by the successful Swiss Crypto Valley environment. The firm collaborated with DMCC in January 2020, and in May 2021, DMCC Crypto Centre was operational. “We decided to bring our Crypto Valley experience and expertise to the Middle East because we believe in the region’s potential. We have witnessed how regulators in the region are welcoming innovation and disruption, making it simpler for blockchain-related companies to secure licences and operate. As of March 2021, this fast-growing ecosystem reached over 700 organisations operating out of the UAE,” said Ralf Glabischnig, initiator of the Crypto Oasis, at a press conference on Thursday. The press conference also highlighted the blockchain landscape in the region showcased new experts in the field with art projects using NFTs and leading to the Metaverse. Meanwhile, the Crypto Valley’s foundation in Switzerland began with less than 10 blockchain organisations in 2014 and expanded to over 1,100 by the end of 2021, with over 6,000 individuals contributing. During the last 18 months, talent from around the world has joined Dubai’s ‘always open for business’ environment.