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The Crypto Oasis Ecosystem Report 2022

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The region’s leading blockchain ecosystem, Crypto Oasis, has expanded at an unprecedented rate over the past year. Named to compete with the likes of Silicon Valley and Crypto Valley, Crypto Oasis will launch in Dubai in April 2021.

Today, the UAE alone is home to over 1,300 organizations. Projections predict that by the end of 2022, he will identify more than 1,500 established organizations across the region. The ecosystem is a collaborative platform that recognizes investors and collectors, startups and projects, companies, scientific and research institutes, service providers, government agencies and associations. Blockchain is a potentially transformative technology with the ability to improve revenue and disrupt existing business models.

Crypto Oasis, in partnership with Roland Berger, recently released a comprehensive report sharing valuable insights on some of the UAE’s notable blockchain initiatives, highlighting key pillars such as talent, capital and infrastructure. is emphasized.inauguration ceremony Crypto Oasis Ecosystem Report It highlights the confluence of blockchain activity in the United Arab Emirates and underpins Crypto Oasis’ role as a regional and major hub for blockchain and fintech innovation.

of Crypto Oasis Ecosystem Report is a regular report published twice a year that focuses on market developments and emerging technologies such as blockchain, Internet of Things (IoT), AI, Web3 and the Metaverse.

This report establishes the first quantitative and qualitative ecosystem study of the Crypto Oasis blockchain ecosystem and identifies its various stakeholders. It incorporates articles from key industry players such as State Street, Securency, Phoenix, Virtua, DIFC, DMCC, Ripple, Simmons and Simmons, Crypto 1, Tokengate, TDEFI and more.

of Crypto Oasis Ecosystem Report As Crypto Oasis appears to be at the heart of blockchain excellence, it will help set a baseline from which growth can be identified over the next few years.

Through a strategic partnership with the Dubai Multi-Commodity Center (DMCC), Crypto Oasis has helped numerous blockchain organizations obtain licenses to operate in the UAE. DMCC has a long history as a global hotspot for companies trading gold, coffee and diamonds, and is now adding a cryptocurrency vertical in partnership with Crypto Oasis and other partners.

This report sheds light on this and other partnerships that have complemented the growth of various sectors along with the blockchain ecosystem.

Decentralized Finance (DeFi)
DeFi is a rapidly developing new field in the blockchain environment. In the Middle East, the UAE is at the forefront of innovation and emerging technologies. As decentralized finance gains momentum in the country, the country is solidifying itself as one of the most blockchain-friendly nations in the world.

The report highlights how DeFi is making great strides in revolutionizing the world of finance, and how the UAE is up to the challenge of changing the current way finance and trade are done for the better. doing. According to the Dubai Multi-Commodity Center, the total amount locked in DeFi protocols was $20 billion at the beginning of 2021, and by the end of the year he had grown exponentially to $260 billion.

“DeFi has created a new paradigm in the evolution of financial markets,” said Manuel Rensink, Head of Strategy at Securrency. We are also noticing a growing relevance: although the details vary from platform to platform, these types of NFT marketplaces are likely to become commonplace in the near future, decentralized, limited only by the imagination of their creators. provides trustless trading of

The desire of companies to experiment with NFT technology has never been stronger. Demand from companies in our sales department for NFT projects has never been higher. “We are working with various companies in the technology, culture, media, sports, and automotive industries who want to leverage and integrate NFT technology to launch and test new business models,” he said. says Tom Rieder. His NFT company in Crypto Oasis.

NFTs are one of the biggest revolutions for artists and creators in recent memory. They make the digital world unique. We provide new ways for creators to receive royalties, allowing artists to tap into a vibrant, borderless marketplace. However, NFTs are often superficial implementations that do not live up to their full potential. This also negatively impacts the long-term value for collectors,” commented Niko Kipouros, founder of 4AR Technologies. He has brought innovative solutions to the art world with a focus on class-leading safety and accessibility combinations.

“In order to attract creators and collectors from outside the blockchain ecosystem, we need to lower the technical hurdles and open up the community. And it’s a lot more appealing,” he adds.

Investing in Crypto Oasis
Known for its thirst for innovation, Dubai continues to push the boundaries of new technologies to build a competitive economy. In the years that followed, we see major banks and companies across Dubai and the United Arab Emirates beginning to explore the possibilities of the technology. For example, UAE’s Rakbank has partnered with top crypto platform Kraken to offer dirham-based digital asset trading. Kraken is the first global crypto exchange platform to be licensed by the United Arab Emirates regulator Abu Dhabi His Global Markets.

In addition, global enthusiasm for cryptocurrency trading has percolated into the United Arab Emirates amid the health crisis. According to a PwC report, the country’s share of the global cryptocurrency market is around $25 billion, an increase of 500% between July 2020 and June 2021.

By the second half of 2021, cryptocurrency trading will be one step closer to legality within Dubai World Trade Center Authority (DWTCA) free zones. The DWTCA and the UAE Securities and Exchange Authority have reached an agreement to establish a framework that will enable the regulation, offering, issuance, listing and trading of crypto assets within the free zone. This has led to many well-known cryptocurrency exchanges setting up shop in the emirate.

Dubai saw 7.1 million visitors in the first half of 2022, an increase of 183% compared to the same period last year. In particular, Henley & Partners predicts that the UAE will lead the world in attracting wealthy people by the end of her 2022, with a projected net influx of 4,000 HNWIs.

Domestic capital flows have also increased significantly. This is evidenced by a 46% share of total venture capital received in the MENA region and over 26% share of total deals in 2021. Venture capital investment in the UAE has actually increased by 12, according to the Ministry of Economy. Percentage in 2021 compared to 2020.

Abu Dhabi Global Markets (ADGM), the international financial center of Abu Dhabi, announced in 2018 to manage operations related to physical crypto-assets, including those carried out by ADGM’s exchanges, custodians and other intermediaries. announced the framework of Meanwhile, Dubai has stepped up its commitment to blockchain and cryptocurrencies with the launch of its virtual asset regulator this year.

Since then, other venture capitalists have expressed interest in Dubai’s blockchain environment in 2022, including Draper Goren Holm, Woodstock Capital and True Global Ventures. Some UAE-based venture firms are also heavily funding blockchain startups. His one such example is that in March 2022 he launched his $100 million blockchain-focused fund by Cypher Capital.

“Crypto Oasis Sentio, the investment arm of Crypto Oasis, has also contributed to fostering a robust blockchain ecosystem in the Middle East. We aim to invest in early-stage startups with a growing portfolio of projects such as Sports, Safle,” said Saqr Ereiqat co- Founder and Managing Partner of Crypto Oasis Sentio.

To download the report, here

read: Crypto Valley Association and Crypto Oasis Collaborate to Boost Blockchain Development in the Middle East

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