Abu Dhabi’s Hub71 and Korean Blockchain Firm WEMIX Enter into a Mutually Beneficial Strategic Partnership May 31, 2023 May 31, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsMay 31, 2023 by Kelly Cromley

Abu Dhabi’s Hub71 and Korean Blockchain Firm WEMIX Enter into a Mutually Beneficial Strategic Partnership

An MoU has been signed between Hub71, a global tech ecosystem in Abu Dhabi, and WEMIX, a prominent Korean blockchain developer. The agreement aims to facilitate the growth and advancement of their respective portfolio companies and Web3 startups. As a component of the partnership, start-ups associated with WEMIX will have the opportunity to become a part of Hub71’s community, which comprises over 200 start-ups. Additionally, they will be granted access to a range of value-added programs and incentives.

Hub71’s web3 and digital assets specialist ecosystem, Hub71+ Digital Assets, will enable chosen startups to expand globally. These startups will have the opportunity to access a range of programs, initiatives, and corporate, government, and investment partners in both UAE and international markets. Furthermore, the start-ups operating within Hub71+ Digital Assets will be able to leverage the vast technical knowledge and proficiency of WEMIX and its parent organization, Wemade, across diverse domains of blockchain technology, including GameFi and DeFi.

According to Shane Kim, the CEO of WEMIX Pte Ltd, establishing robust collaborations with significant stakeholders, such as Hub71, is a crucial aspect of their dedication to enhancing the blockchain ecosystem in the MENA region. Our confidence lies in the fact that this partnership will expedite the process of generating additional prospects for blockchain start-ups hailing from various parts of the globe, who aspire to extend their reach into the Middle East. In addition, this will facilitate the achievement of our goal to establish a worldwide blockchain economy that is fueled by a diverse array of pioneering applications, which transcend conventional technological limitations and foster sustainable innovation for the future.

According to Elodie Robin Guillerm, who serves as the Head of Growth and Strategy at Hub71, the inclusion of WEMIX in our Hub71+ Digital Assets ecosystem is a clear indication of Abu Dhabi’s potential for growth. At Hub71, we place great importance on partnership and collaboration. Our collaboration with WEMIX, a top-tier blockchain company, will enable us to create additional prospects for Web3 startups.

The WEMIX and Hub71 partnership will offer key advantages including:

  • WEMIX will become the latest partner to join Hub71+ Digital Assets and its ecosystem of leading regional and global partners of digital asset exchanges and service providers,
    technology providers, venture studios, venture capital funds, and blockchain platforms
  • Fast tracking of applications by WEMIX start-ups to join the Hub71 Incentive Program, designed to alleviate the cost and processes of setting up in Abu Dhabi
  • Dedicated resources for mentorship and technical support will be provided by WEMIX to Hub71 GameFi and DeFi start-ups
  • Facilitate access for Hub71 start-ups to access WEMIX’s global Web3 community
  • Blockchain companies within the WEMIX ecosystem will also gain access to Hub71+ Digital Assets
  • According to Kim, the opening of WEMIX’s initial office in the Middle East and this recent development signify significant achievements in the company’s expansion efforts in the region. This move is aimed at leveraging the dynamic atmosphere and favorable industry backing in one of the world’s fastest-growing areas for blockchain technology.

    AuthorKelly Cromley

    Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.