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DMCC CONTINUES RAMP-UP OF INTERNATIONAL CRYPTO PARTNERSHIPS THROUGH AGREEMENT WITH ENYA LABS AND BOBA NETWORK
Ahmed Bin Sulayem, Executive Chairman and CEO - DMCC Boba Network is a global platform that allows blockchain and web3 businesses to build next-generation decentralised apps (dApps) with reduced transaction and computation fees and increased throughput. The platform provides an expanded set of capabilities for smart contracts on a range of blockchain networks including Ethereum, Moonbeam and Avalanche. Boba Network also offers Hybrid Compute technology, which allows developers to build dApps that can utilise ‘off-chain’ data from any web2-based system. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: “The ability of the DMCC Crypto Centre to attract such high-profile and impactful players in the web3 space is a true testament to the thriving ecosystem that we have created. By bringing Boba Network into the fold, in partnership with Enya Labs, we are providing a new suite of resources for members to scale up their web3 businesses in Dubai and beyond.” Alan Chiu, Co-founder and CEO - Enya Labs Simultaneously, Enya Labs will be able to tap into the growing community of the DMCC Crypto Centre and seek new companies to join and support the growth of Boba Network. Standing at over 550 members, the DMCC Crypto Centre represents the highest concentration of web3 and blockchain businesses in the region. Alan Chiu, Co-founder and CEO of Enya Labs, added: “The DMCC Crypto Centre is a mature environment with many high-potential projects being developed on a daily basis. As such, this partnership with DMCC will allow us to bring new and exciting web3 companies onto Boba Network as it continues to expand globally.” The DMCC Crypto Centre is a comprehensive ecosystem for companies that develop web3 and blockchain technologies, and associated value-added services, providing everything that crypto businesses and entrepreneurs need to set up and scale their operations. The Crypto Centre’s other ecosystem partners include TDeFi, DWF and Brinc.
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