Conflux and RAK DAO Unite for Blockchain Innovation in the Middle East!
Conflux Network forges a strategic partnership with RAK DAO, leading the way into a new era of blockchain innovation and digital asset development in the Middle East.
TL;DR
- Conflux and RAK DAO collaborate, forming a strategic MOU.
- The Government of Ras Al Khaimah spearheads digital asset development, paving the way for innovation.
- A momentous milestone in the blockchain industry, particularly in the Middle East.
Today, we’re happy to announce that Conflux Network and RAK Digital Assets Oasis (RAK DAO) have joined forces in a strategic MOU, leading the way in blockchain innovation and digital asset development. This collaboration represents a major milestone in the blockchain industry, especially in the Middle East.
With an innovative vision and strong government backing, RAK DAO emerges as a highly promising player, dedicated to fostering sustainable economic growth through transformative digital asset solutions within Ras Al Khaimah, UAE.
About the Partnership
Our collaboration with RAK DAO represents a mutual commitment to leverage each other’s strengths and expertise. This partnership is founded on shared goals and visions, including advocating for blockchain-friendly regulations to foster an environment instrumental to blockchain and digital asset development in the region. Additionally, we will cultivate talent and provide valuable educational resources, nurturing a skilled workforce in the blockchain sector. Furthermore, we will facilitate opportunities for businesses and startups in the region to explore and integrate blockchain technologies, thereby amplifying prospects in the digital economy.
What to Expect
Both Conflux and RAK DAO have expressed their commitment to not only achieving the outlined objectives but also exploring further avenues for cooperation in the digital assets and Web3 space including:
🤝 Technical Exchange and Collaboration: Sharing expertise and knowledge to achieve mutual benefits and foster collaboration.
🚀 Joint Initiatives: Incubation and acceleration programs, educational initiatives, and community-building events and workshops in blockchain technologies.
🌍 Strategic Support and Development: RAK DAO will help Conflux establish a presence in the UAE and the broader Middle East region, while Conflux will develop custom blockchain solutions for digital and virtual asset companies within RAK DAO.
Together, we’ll make our mark in the UAE and the Middle East, delivering tailored blockchain solutions for RAK DAO’s digital and virtual asset companies.
About RAK Digital Assets Oasis
RAK DAO, a strategic initiative by the Government of Ras Al Khaimah, is dedicated to fostering the growth of digital assets and blockchain technology within the region. With its progressive policies and supportive ecosystem, RAK DAO is rapidly becoming a hub for digital innovation and entrepreneurship.
About Conflux Network
Conflux is a permissionless Layer 1 blockchain connecting decentralized economies across borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux provides a fast, secure, and scalable blockchain environment with zero congestion, low fees, and improved network security.
As the only regulatory-compliant public blockchain in China, Conflux provides a unique advantage for projects building and expanding into Asia. Conflux has collaborated with global brands and government entities in the region on blockchain and metaverse initiatives, including the city of Shanghai, McDonald’s China, and Oreo.
