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Conflex Network and Ras Al Khaimah Digital Asset Oasis enter into strategic partnership


Conflex Network and Ras Al Khaimah Digital Asset Oasis are coming into right into a strategic partnership to usher in a brand new period in blockchain innovation and digital asset growth within the emirate of Ras Al Khaimah.

Building on a shared imaginative and prescient of transformative progress, RAK DAO, established beneath Law No. 2 of 2023 in Ras Al Khaimah, UAE, and Conflux Network, a number one developer of layer 1 blockchain networks, have signed a strategic Memorandum of Understanding (MOU). ) looking for... to redraw the blockchain panoramaDigital property. The Memorandum of Understanding, efficient from 2023, underscores the shared dedication to leverage complementary strengths and experience to realize mutual progress.

The partnership between RAK DAO and Conflux is multi-faceted and consists of the next foremost facets:

  • Technical change and cooperation: Both organizations will have interaction in energetic discussions to change concepts and technical experience, and improve collaboration to realize widespread objectives.

  • Joint initiatives: The results of cooperation shall be incubators and incentive packages for the event of modern tasks. In addition to creating instructional initiatives and organizing occasions and workshops geared toward selling an energetic and collaborative blockchain neighborhood.

  • Strategic assist and growth: RAK DAO Digital Asset Services will assist the Conflex community to strengthen its presence within the UAE and the broader Middle East area. While the community will customise blockchain options to satisfy the particular wants of digital and digital asset firms beneath the jurisdiction of the RAK DAO.

  • Support and grants: The Conflex Network will assist startups and tasks throughout the RAK DAO by creating custom-made blockchain options. In addition to facilitating the entry of RAK DAO establishments into Asian markets.

  • Technical and monetary assist: Conflux will present technical and monetary assist to native establishments within the emirate of Ras Al Khaimah. The objective of which is to advertise digital transformation and transition to the Web 3 platform.

Shared dedication to blockchain growth within the UAE

The alliance between Conflex Network and RAK DAO is anticipated to carry vital advantages, together with:

  • Blockchain know-how is creating and increasing: Leveraging the strategic location of RAK DAO and the technical capabilities of the Conflex community. The partnership is designed to stimulate innovation and enlargement of blockchain know-how.

  • Training and growth alternatives: The collaboration will assist develop expertise and supply instructional assets. This contributes to the event of a educated and expert workforce within the blockchain sector.

  • Improve enterprise prospects: The partnership will open new horizons for rising firms and establishments within the area to discover and combine blockchain applied sciences. Thereby stimulating the digital financial system.

Both Conflex Network and RAK DAO are firmly dedicated to reaching extra than simply their objectives. But we're additionally exploring new areas of cooperation within the digital property and Web3 house.

According to Dora Jiang, director of world enterprise growth for Conflex Network, RAK DAO's function as an middleman for digital asset firms and Conflex Network's expertise in blockchain growth:

"Conflex Network is pleased to partner with RAK ​​DAO, an exciting initiative in the Web 3 space. This partnership is in line with our mission to provide blockchain infrastructure and support the adoption of Web 3 technologies worldwide. We look forward to leveraging our expertise and resources to empower businesses and entrepreneurs in the emirate. Ras Al Khaimah. Together we will shape the future of blockchain and digital assets in the region."

# round Ras Al Khaimah Digital Asset Oasis (CANCER DAO)

RAK DAO is a strategic initiative by the Ras Al Khaimah authorities to advertise the expansion of digital property and blockchain know-how within the area. With its progressive insurance policies and supportive ecosystem, RAK DAO is shortly changing into a hub for digital innovation and entrepreneurship.

# About the Conflux community

Conflux is a permissionless layer 1 blockchain community that connects decentralized economies throughout borders and protocols. Having just lately migrated to hybrid PoW/PoS (Proof of Work and Proof of Stake) consensus, Conflex supplies a quick, safe and scalable blockchain atmosphere with out congestion, low charges and improved community safety.

As the one regulatory compliant blockchain community in China, Conflex supplies a novel benefit for tasks establishing and increasing their operations in Asia. The community companions with world manufacturers and authorities organizations within the area on blockchain and metaverse initiatives, together with Shanghai City, McDonald's China and Oreo.

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