One of many emirate of the UAE, Ras Al Khaimah, has established a Digital Property Oasis (RAK DAO), claimed to be “the world’s first and solely frequent legislation Free Zone devoted to digital and digital asset corporations”, has celebrated the “resounding success” of its launch with a grand occasion to mark the beginning of a brand new period of Web3 collaboration within the United Arab Emirates (UAE).
The occasion, held October nineteenth, 2023 on the prestigious Al Hamra Worldwide Exhibition and Conference Heart, introduced collectively visionaries, influential figures, and authorities dignitaries to mirror on the way forward for digital property and Web3 applied sciences.
Uniting over 850 attendees, 40 audio system from around the globe, and 11 exhibitors, the occasion introduced collectively worldwide specialists, and key leaders with a shared imaginative and prescient for the way forward for web3 and rising applied sciences.
Exhibition companions, together with RAKBANK, HBAR Basis, Binance, Solana Basis, and a number of other different supporting companions facilitated varied experiences for the occasion attendees, corresponding to an immersive metaverse by Landvault and digital artwork VR activation by Arts DAO.
The Launch Occasion was held below the patronage of His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, who delivered a keynote speech, the place he mentioned: “Innovation is a driving pressure that has reworked the world in profound methods, shaping how we reside, work, talk and handle international challenges.
“Ras Al Khaimah is dedicated to embracing new and rising tech sectors and enjoying a number one position in nationwide efforts to strengthen the UAE economic system and drive sustainable progress within the area.”
The opening speech was adopted by a historic MoU (Memorandum of Understanding) signing between RAK DAO and SCA (Securities and Commodities Authority), and a number of other panels that includes business leaders, corresponding to His Excellency Gabriel Abed (Ambassador of Barbados), Andrea Prazakova (Mastercard Foundry & ESG EEMEA), Pierre Samties (Roland Berger), Amy Oldenburg (Morgan Stanley), Alex Chehade (Binance FZE), Pascal Gauthier (Ledger), Yat Siu (Animoca Manufacturers), and lots of others.
Attendees gained invaluable perception into topics corresponding to AI and digital property, methods for safeguarding the way forward for digital asset insurance policies, the shift from Web2 to Web3, the position of CBDCs, and the way blockchain is reshaping conventional companies.
Dr. Sameer Al Ansari, CEO of RAK DAO, mentioned: “Trying again at our launch occasion, which featured distinguished keynote audio system, participating panels, and networking classes, I’m thrilled to see our imaginative and prescient come to life. The occasion was a real testomony to our dedication to fostering collaboration, supporting startups, and driving innovation within the digital panorama.
“The keenness of all contributors has set the stage for a vivid digital future in Ras Al Khaimah. As we mirror on this second, we’re extra motivated than ever to proceed our journey, constructing a powerful, international presence within the digital economic system.”
RAK DAO goals to develop into the central hub for international digital asset innovation worldwide. By its efforts to attract in worldwide companions and foster collaboration throughout the free zone, RAK DAO is solidifying Ras Al Khaimah’s place as a premier hub for innovation, thereby bolstering its international attraction for companies within the digital period.