$2 Billion Cryptocurrency Initiative From Abu Dhabi! Which Projects Are In The Foreground?

of bitcoin And with the emergence of cryptocurrencies in the harsh bear market, the good news started to come again.

Abu Dhabi’s tech ecosystem hub71in the region web3 initiatives and blockchain to finance technology Launched a new $2 billion venture.

Hub71+ Digital Assets The startup will focus on blockchain technology, metaverse applications and developing the decentralized web3.

This initiative will facilitate access to a wide variety of web3-focused programs for institutional investors, government and investment partners. Cryptocurrency projects and startups in Abu Dhabi will be supported by this initiative.

Among the main partners of the venture will be FAVRIC, the innovation center of First Abu Dhabi Bank (FAB).

Hub71 Executive Vice President Ahmad Ali Alwan stated that the launch of Hub71+ Digital Assets represents Abu Dhabi’s role in driving change and transformation on a global scale.

Suhail Bin Tarraf, FAB Group Operations Director, said that this partnership will allow the bank to meet customer demands for innovations such as blockchain, NFTs and the metaverse.