India’s Web3 community is going global. The India Blockchain Alliance (IBA) has partnered with the Ras Al-Khaimah Digital Assets Oasis (RAK-DAO) in the UAE to foster collaboration on Web3 education, research, and development.
A Bridge Between Two Web3 Hubs
This partnership aims to connect Indian Web3 firms with the UAE’s regulated crypto ecosystem, while also providing UAE firms access to India’s skilled developers and innovative startups.
Benefits for Both Regions
- Indian Web3 firms: Gain access to a more regulated environment and potential investment opportunities in the UAE.
- UAE crypto firms: Tap into India’s rich pool of Web3 talent and innovative startups.
A Collaborative Approach
The IBA and RAK-DAO will work together to address industry challenges and drive advancements in the Web3 space. This collaboration is expected to boost Web3 entrepreneurship and increase awareness about blockchain technology’s potential applications.
India’s Growing Web3 Presence
This partnership is not the first of its kind for India. The Bharat Web3 Association (BWA) has also signed agreements with Australia and Indonesia to promote global Web3 collaboration.
A Positive Step for the Web3 Ecosystem
These international partnerships signify India’s growing prominence in the Web3 world and its commitment to fostering innovation and collaboration in the blockchain space. By joining forces with other countries, India is contributing to the development of a stronger and more interconnected global Web3 ecosystem.