Dubai Aces the Crypto Game, Brings $150M Accelerator Fund

  • 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.

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A focused and vigilant storyteller for all things blockchain and cryptocurrency. Besides consuming every piece of literature about the metaverse, she can often be found at industry convections looking for the latest scoop.