Hub71 and WEMIX have signed an MoU to create and accelerate growth opportunities for Web3 startups in the MENA region and beyond.
Hub71, Abu Dhabi’s global tech ecosystem, and WEMIX, a leading Korean blockchain developer, have announced a strategic partnership to advance the development and innovation of blockchain technology in the Middle East and North Africa (MENA) region and beyond.
The partnership boosts growth for their portfolio companies and Web3 startups, which build decentralized apps on the blockchain.
Hub71+ Digital Assets: A gateway to global markets
As part of the partnership, WEMIX startups will be able to join Hub71’s community of over 200 startups and gain access to its range of value-added programs and incentives.
Select startups can scale globally through Hub71+ Digital Assets, which offers access to various programmes and partners in the UAE and worldwide.
Furthermore, Hub71+ Digital Assets is a specialist ecosystem dedicated to advancing specific technology sectors. The first Hub71+ is ‘Hub71+ Digital Assets’ – focused on Web3 and digital assets’ potential and growth.
Hub71+ Digital Assets is based at Hub71 in Abu Dhabi Global Market (ADGM), where Web3 startups can also operate in a progressive regulatory environment that provides world-class blockchain and virtual asset infrastructure.
About WEMIX
WEMIX will become the latest partner to join Hub71+ Digital Assets and its ecosystem of leading regional and global partners of digital asset exchanges and service providers, technology providers, venture studios, venture capital funds, and blockchain platforms.
Startups within Hub71+ Digital Assets can also leverage WEMIX and Wemade’s blockchain expertise, including GameFi and DeFi.
WEMIX is a blockchain platform that enables developers to create and distribute games on the blockchain.
Web3 innovation
Shane Kim, CEO of WEMIX Pte Ltd, stated,
“Developing strong partnerships with key stakeholders like Hub71 is an important part of our commitment to growing the blockchain ecosystem in the MENA region,”.“We are confident that this partnership will accelerate the creation of more opportunities for blockchain startups from across the world looking to expand into the Middle East and help realize our vision of developing a global blockchain economy powered by a wide spectrum of innovative applications that evolve past traditional technology barriers to drive sustainable future innovation.”
Additionally, Elodie Robin Guillerm, Head of Growth and Strategy at Hub71, said:
“The addition of WEMIX to our Hub71+ Digital Assets ecosystem is a testament to the growth potential there is to be seized from Abu Dhabi. Hub71 truly values partnership and collaboration, and by joining forces with leading blockchain companies like WEMIX, we can work together towards developing industry-leading blockchain technologies to give rise to more opportunities for Web3 startups.”
The WEMIX and Hub71 partnership will offer key advantages including:
- Fast-tracking of applications by WEMIX startups to join the Hub71 Incentive Program designed to ease the cost and set up in Abu Dhabi
- WEMIX will provide dedicated resources for mentorship and technical support to Hub71 GameFi and DeFi startups
- Facilitate access for Hub71 startups to access WEMIX’s global Web3 community
- Blockchain companies within the WEMIX ecosystem will also gain access to Hub71+ Digital Assets
“This marks another milestone in WEMIX’s expansion in the Middle East following the opening of its first office in the region as we further tap into the vibrant energy and positive industry support in one of the world’s fastest-growing regions for blockchain technology,” added Kim.
