Ras Al Khaimah Digital Assets Oasis joins forces with HBAR Foundation

Ras Al Khaimah Digital Assets Oasis joins forces with HBAR Foundation

RAK Digital Assets Oasis signs Memorandum of Understanding with HBAR Foundation in efforts to fuel the digital economy on Hedera network Ras Al Khaimah: RAK Digital Assets Oasis (RAK DAO), the world’s first and only free zone dedicated to global digital and virtual assets companies, and The HBAR Foundation are pleased to announce the signing of a Memorandum of Understanding (MOU). The HBAR Foundation will support RAK DAO ecosystem members to leverage the power of blockchain and build economies and applications on Hedera, the most used enterprise-grade public network. This marks RAK DAO’s first operational relationship, bringing together the expertise and resources of both companies to provide direct and streamlined access to benefits within the Hedera ecosystem. These include a comprehensive grant program, financial backing processes, specialized expert support across technology, marketing and business development, and support to scale adoption and innovation of new ideas in the Web3 space. “By creating and enabling the world’s first licensed Web3 ecosystem, we are facilitating the seamless exchange of information, connecting businesses across sectors, and paving the way for synergistic relationships to flourish. Together, we are unlocking a world of new possibilities, empowering entrepreneurs, and propelling innovation forward,” says His Highness Sheikh Mohammed