WEMIX will be the newest member of Hub71+ Digital Assets’ network of top regional and international exchanges and service providers for digital assets. Photo Credits: Hub71 Partnership will utilize a worldwide network of startups and partners to deliver WEMIX’s blockchain expertise to the Hub71+ Digital Assets specialized ecosystem.
• Hastens the process of starting businesses for startups in Abu Dhabi, a regional hub.
• Provides special assistance to MENA GameFi and DeFi startups.
BUDAPEST – A memorandum of understanding (MoU) was inked by leading Korean blockchain developer WEMIX and Hub71, the international innovation hub of Abu Dhabi, to generate and accelerate growth possibilities for their respective portfolio firms and Web3 startups.
WEMIX entrepreneurs will have the chance to join Hub71’s community of more than 200 startups as a result of the agreement, giving them access to a variety of value-added programmes and incentives. Through Hub71’s web3 and digital assets specialist ecosystem, Hub71+ Digital Assets, select startups will also gain the ability to scale internationally and gain access to a variety of programmes, initiatives, and a large network of corporate, governmental, and investment partners in the UAE and other markets. Additionally, entrepreneurs inside Hub71+ Digital Assets will have access to WEMIX and its parent company, Wemade, and their extensive technological knowledge and experience in a variety of blockchain-related fields, including GameFi and DeFi.
According to Shane Kim, CEO of WEMIX Pte Ltd., “building strong partnerships with key stakeholders like Hub71 is an important part of our commitment to growing the blockchain ecosystem in the MENA region.” “We are confident that this partnership will hasten the emergence of more opportunities for blockchain startups from around the world looking to enter the Middle East and help realize our vision of developing a global blockchain economy powered by a wide spectrum of innovative applications that evolve past traditional technological barriers to drive sustainable future innovation.”
The inclusion of WEMIX to our Hub71+ Digital Assets ecosystem is testament to the development potential available in Abu Dhabi, according to Elodie Robin Guillerm, Head of development & Strategy at Hub71. Hub71 genuinely supports partnerships and collaboration, and by teaming up with reputable blockchain businesses like WEMIX, we can together collaborate to develop cutting-edge blockchain technology that will increase the prospects available to Web3 firms.
The relationship between WEMIX and Hub71 will provide a number of advantages, including:
• WEMIX will join Hub71+ Digital Assets’ ecosystem of top regional and international digital asset exchanges, service providers, technological companies, venture studios, venture capital funds, and blockchain platforms as its newest partner.
• The Hub71 Incentive Program will expedite the processing of WEMIX startups’ applications in an effort to reduce the costs and administrative burden of establishing businesses in Abu Dhabi.
• WEMIX will dedicate resources for technical assistance and mentoring to Hub71 GameFi and DeFi entrepreneurs.
Access to the worldwide Web3 community of WEMIX will be made easier for Hub71 businesses, and blockchain enterprises within the WEMIX ecosystem will also have access to Hub71+ Digital Assets.
Strengthening the local and international blockchain startup ecosystem
WEMADE, the parent company of WEMIX, is in charge of a global portfolio of strategic investments, including those in Africa’s first and largest gaming DAO, Metaverse Magna (MVM), India’s Shardeum, and Kasa, a blockchain-based trading platform for digital asset-backed securities (DABS) with a focus on prop-tech. Most recently, WEMADE signed a strategic Memorandum of Understanding (MOU) with Haskey Capital, a global asset manager specializing primarily in blockchain technology and digital assets, to develop emerging Asian blockchain firms together. Since its founding, Haskey Capital has managed over US$1 billion in client assets.
A specialized ecosystem devoted to improving particular technical fields is called Hub71+. The first Hub71+ to go live is “Hub71+ Digital Assets,” which is dedicated to maximizing Web3’s disruptive potential and the development of digital assets. Hub71+ Digital Assets is situated at Hub71 in Abu Dhabi Global Market (ADGM), which provides top-notch blockchain and virtual asset infrastructure and allows Web3 startups to operate in a progressive regulatory framework.
This is a significant step in WEMIX’s Middle East expansion after the opening of its first office there, as we continue to capitalize on the vivacious spirit and encouraging industry support in one of the world’s most rapidly adopting regions for blockchain technology. said Kim.
About WEMIX
WEMIX is a blockchain gaming platform created by WEMIX Pte. Ltd., including features such as a cryptocurrency wallet, decentralized exchange, NFT marketplace, WEMIX token staking program, and the game gateway. Wemade, the creator and owner of “The Legend of Mir” IP, a hugely popular game with more than 500 million users, is the parent company of WEMIX Pte. Ltd. Visit the website www.WEMIXnetwork.com for additional details.
Regarding Hub 71
By giving founders access to international markets, a capital ecosystem, a global network of partners, and a vibrant community full of highly skilled talent, Hub71, Abu Dhabi’s global tech ecosystem, enables founders to build globally enduring homegrown tech companies in any sector and is governed by forward-thinking regulation.
Information on WEMIX WEMIX is a blockchain gaming platform created by WEMIX Pte. Ltd., including features such as a cryptocurrency wallet, decentralized exchange, NFT marketplace, WEMIX token staking program, and the game gateway. Wemade, the creator and owner of “The Legend of Mir” IP, a hugely popular game with more than 500 million users, is the parent company of WEMIX Pte. Ltd. Visit the website www.WEMIXnetwork.com for additional details.
