D369, an accelerator hub by SaleemNawaz Mandi Shaikh, raising USD 1bln for start-ups in Web3 and Metaverse
- Date: 21-Sep-2022
- Source: Zawya
- Sector:Technology
- Country:UAE
D369, an accelerator hub by SaleemNawaz Mandi Shaikh, raising USD 1bln for start-ups in Web3 and Metaverse
Abu Dhabi, United Arab Emirates: This is 2022 and the world has far exceeded the Internet. With the advancement of technology and a major push to Digitization, the fascinating world of the Internet has progressed rapidly and this has resulted in a complete 360-degree transformation of the World Wide Web, leading to the emergence of Web3. For starters, Web3 is all about creating a dynamic and interactive decentralised ecosystem that believes in leveraging the power of Machine Learning, Artificial Intelligence, and all other modern-day advanced technologies like blockchain to smartly address the growing present-day internet problems. Catering to the same objective, SaleemNawaz Mandi Shaikh, a digipreneur and Web3 specialist has initiated D369 & is raising $1 bn for 250+ start-ups under the patronage of the Royal Family of UAE & multiple renowned Venture Capitalists and will be entirely based on Web3 and Metaverse.
Web3 is indeed a relief for the people as its predecessor has a lot of limitations and drawbacks. Web 2.0 required newer modern-age technologies prompting the consumers to have them in order to view the sites when compared with traditional marketing and advertising techniques. Low-speed internet connection was another issue that prevented people from accessing and surfing large