UAE’s largest free-trade zone DMCC recently struck a partnership with Enya Labs to enhance its DMCC Crypto Center further.
Leading decentralized infrastructure solutions developer Enya Labs has entered a partnership with Dubai Multi Commodities Center (DMCC). The collaboration between the Boba Network core contributor and DMCC seeks to further consolidate the latter’s crypto center ecosystem. By significantly supporting Boba-leveraged Web3 and blockchain business growth in Dubai, the Enya Labs and DMCC partnership could enable smarter applications.
Boba Network is the only hybrid blockchain capable of delivering off-chain data and computing. Meanwhile, DMCC is the world’s flagship free zone and Government of Dubai Authority regarding commodities trade and enterprise.
DMCC and Enya Labs Execs Shed Light on Web3-focused Partnership
DMCC Executive Chairman and Chief Executive Officer Ahmed Bin Sulayem discussed the joint initiative. According to him:
“The ability of the DMCC Crypto Centre to attract such high-profile and impactful players in the web3 space is a true testament to the thriving ecosystem that we have created. By bringing Boba Network into the fold, in partnership with core contributor Enya Labs, we are further expanding the support we provide to our members and enhancing the ways in which they can scale their operations in Dubai and beyond.”
Likewise, Enya Labs Co-founder and Chief Executive Officer Alan Chiu also touched on the potential benefits of partnering with the DMCC. As Chiu put it:
“The DMCC Crypto Centre is a mature environment with many high-potential projects being developed on a daily basis. As such, this partnership with DMCC will allow us to bring new and exciting web3 companies onto Boba Network as it continues to expand globally.”
In addition to leveraging Boba to provide technical support to the DMCC Crypto Center, Enya Labs also eyes a more incisive move. The software framework innovator looks to provide mentorship programs through the DMCC Crypto Academy.
In return, Enya Labs will benefit from being part of the DMCC Crypto Center’s ever-expanding community. Additionally, the platform could also look for new companies to support Boba Network’s growth. As it stands, the DMCC Crypto Center has the highest Web3 and blockchain business concentration in the region.
Enya Labs innovates software frameworks that specialize in application development and distributed systems engineering. The company, founded by a Stanford faculty and alumni team, caters to clients by leveraging existing businesses. This leverage further opens up new opportunities facilitated by hybrid blockchain solutions.
As a global platform, Boba Network allows Web3-focused businesses and blockchains to create revolutionary decentralized apps (dApps). The fast-growing network also offers its clients lower transaction and computation fees, as well as increased throughput.
Boba Network offers an extensive suite of functionality for smart contracts across a broad range of decentralized protocols. These include Ethereum (ETH), Moonbeam (GLMR), and Avalanche (AVAX). Furthermore, Boba Network provides Hybrid Compute Technology, allowing developers to create dApps that utilize ‘off-chain’ data from Web2 systems.
DMCC, headquartered in Dubai, is the leading trade and enterprise hub for communities. Located in the Jumeirah Lake Towers district, the UAE’s largest free-trade zone was created in 2002 and is a one-stop shop for its vibrant community.
Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge.
When he’s not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover.