Prominent Korean blockchain developer WEMIX and Hub71, Abu Dhabi’s global tech ecosystem, have signed a memorandum of understanding (MoU) to create and accelerate growth opportunities for their respective portfolio companies and Web3 startups.
As part of the partnership, WEMIX startups will have the opportunity to join Hub71’s community of over 200 startups and gain access to its range of value-add programs and incentives. Select startups will also benefit from the ability to scale globally through Hub71’s web3 and digital assets specialist ecosystem, Hub71+ Digital Assets, to unlock access to a host of programs, initiatives, and wide network of corporate, government and investment partners in the UAE and global markets. At the same time, startups within Hub71+ Digital Assets will be able to leverage the deep technical knowledge and expertise of WEMIX and its parent, Wemade, in different areas of blockchain technology including GameFi and DeFi.
“We are confident that this partnership will accelerate the creation of more opportunities for blockchain startups from across the world looking to expand into the Middle East and help realize our vision of developing a global blockchain economy powered by a wide spectrum of innovative applications that evolve past traditional technology barriers to drive sustainable future innovation,” said Shane Kim, CEO of WEMIX Pte Ltd.
“This marks another milestone in WEMIX’s expansion in the Middle East following the opening of its first office in the region, as we further tap into the vibrant energy and positive industry support in one of the world’s fastest growing regions for blockchain technology.” added Kim.
Elodie Robin Guillerm, Head of Growth and Strategy at Hub71, said: “By joining forces with leading blockchain companies like WEMIX, we can work together towards developing industry leading blockchain technologies to give rise to more opportunities for Web3 startups.”
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Key advantages
- 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 startups 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 startups
- Facilitate access for Hub71 startups to access WEMIX’s global Web3 community
- Blockchain companies within the WEMIX ecosystem will also gain access to Hub71+ Digital Assets
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