- The ecosystem of the DMCC Crypto Centre is further strengthened by significant technology cooperation with Enya Labs, a Core Contributor to Boba Network.
- Utilizing Boba Network, the first hybrid blockchain that provides off-chain data and computation, the partnership greatly promotes the expansion of web3 and blockchain enterprises in Dubai, allowing smarter applications.
Enya Labs, a prominent developer of decentralized infrastructure solutions and a key contributor to Boba Network, the only hybrid blockchain that provides off-chain data and computing, enabling smarter applications, is delighted to announce that it has joined forces with the DMCC, the premier free zone in the world, and the Government of Dubai Authority on Commodities Trade and Enterprise. The DMCC Crypto Centre ecosystem is further strengthened by the significant technology cooperation with Enya Labs.
Enya Laboratories is a pioneer of software frameworks with a focus on distributed systems engineering and application development. It was founded by a group of Stanford academics and graduates. By assisting its partners in leveraging their current operations to seize new possibilities facilitated by hybrid blockchain solutions, the company provides services to customers and organizations.
A global platform called Boba Network enables blockchain and web3 companies to create next-generation decentralized applications (dApps) with lower transaction and computation costs and higher throughput. The platform gives smart contracts across a variety of blockchain networks, such as Ethereum, Moonbeam, and Avalanche, a wider range of features. Moreover, Boba Network provides developers with Hybrid Compute technology, which enables them to create dApps that may use “off-chain” data from any web2-based system.
Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: “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.”
Enya Labs will use Boba Network as a part of its partnership with the DMCC Crypto Centre to give access and technical assistance to members of the Crypto Centre who are interested in growing their web3 companies. Via the DMCC Crypto Academy, Enya Labs will also provide a mentorship program and further assistance.
Enya Labs will be able to simultaneously take advantage of the DMCC Crypto Centre’s expanding community and look for new businesses to join and support the expansion of the Boba Network. The DMCC Crypto Centre has more than 550 members and is home to the majority of web3 and blockchain companies in the region.
Alan Chiu, the co-founder & CEO of Enya Labs], added: “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.”
The DMCC Crypto Centre is a vast ecosystem for firms that develop web3 and blockchain technology, as well as related value-added services. It offers everything that crypto enterprises and entrepreneurs need to get started and grow their businesses. TDeFi, DWF, and Brinc are among the other ecosystem partners of The Crypto Centre.