The crypto-friendly regulations have turned Dubai and the United Arab Emirates (UAE) into a hotspot for Web3 technologies. Since Dubai set a clear regulatory framework for crypto welcomed by most industry players, it has become a second home for many global Web3 projects, including those dealing in the decentralized finance (DeFi) and NFT scenes.
Research by Recap shows that Dubai is a top crypto hub in the world, only second to London, based on the crypto-based events, companies, crypto ATMs and crypto job opportunities in the city. Cutting-edge Web3 technologies like NFTs found new uses for daily life thanks to the friendly environment in the region — from event ticketing to scientific research. The innovation spurred across the Emirates also brought life to a number of global events, with one of them being the AIBC Dubai.
Deemed a pioneering blockchain and AI event, the AIBC Eurasia opened its doors on March 13 in Dubai, welcoming a wide variety of Web3 heavyweights, including VaynerMedia CEO Gary Vaynerchuck. The annual gathering brings together leading minds in the blockchain, cryptocurrency and AI industries. It provides a platform for sharing knowledge and ideas as well as networking opportunities for industry players.
Visitors had many chances to get first-hand experience with innovations within the space. Event attendees got an opportunity to witness the future of the interaction between the physical and digital worlds when Fastex unveiled its first “phygital” NFT store in Dubai Mall as a vital part of the expanding Fastex Web3 ecosystem.
Named ftNFT, the shop hosts a wide range of activities to help Web3 enthusiasts and newcomers explore the latest NFT space developments. Visitors can physically experience the NFT
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