- Dubai continues to show why it holds the title of Crypto Wall Street.
- DMCC Crypto Centre partners with global VC firm Brinc.
- It will now provide members access to a $150 million accelerator fund.
Dubai has once again taken a giant leap within the crypto industry. In a dazzling move, the crypto wall street’s DMCC Crypto Centre has struck a significant partnership. In other words, the world’s most renowned free zone has a very enticing announcement.
In detail, the entity, along with the Government of Dubai Authority on commodities trade and enterprise has struck a partnership. This tie up is with none other than global VC firm Brinc who will provide DMCC Crypto Centre members with access to Brinc’s $150 million accelerator fund.
To highlight, Brinc is a portfolio company that hails from Animoca Brands. Specifically, the latter is a popular global leader in the realms of web3 and the blockchain and crypto investment industry.
With this partnership in place, SMEs, MNCs, and more can experience an extremely exciting environment in all things crypto. In fact, crypto entrepreneurs can leverage DMCC Crypto Centre as it has caught the attention of over 450 crypto firms. Since its launch in 2021, the DMCC Crypto Centre has become the thriving home of many crypto projects.
To get into detail, these crypto projects consist of a wide range of sectors hoping to make a name in the crypto and blockchain space. To name a few, the projects are exploring the sectors of financial services, entertainment, healthcare, sustainability, and gaming.
Executive Chairman and Chief Executive Officer at DMCC — Ahmed Bin Sulayem, says that they are proud of the partnership. In addition, he says that by partnering with one of the world’s leading VC firms in this space, they are hoping to meet the growing demand from their members to access funding, whilst also providing access to Brinc’s well-connected ecosystem.
With so many global challenges occurring simultaneously, major businesses are focused more than ever on accessing state-of-the-art infrastructure within a comfortable working environment, which is exactly what DMCC strives to provide.
Recommended News :
Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.