The world of cryptocurrencies and blockchain technology converged in Dubai from October 15 to 18, 2023, at the prestigious Future Blockchain Summit. One of the standout partnerships at this event was the collaboration between Bybit, the world’s third most visited cryptocurrency exchange, and the Dubai Multi Commodities Centre (DMCC).
The Bybit and DMCC booth transcended a mere showcase; it served as a gateway to “The Crypto Ark,” offering a welcoming home to anyone interested in becoming a part of the Web3 revolution. Together, their shared area embodied a tangible embodiment of two formidable entities within the cryptocurrency sphere. The collaboration promises support for budding crypto ventures, fostering education, and driving the growth of the crypto ecosystem.
Fueling the Growth of Crypto Ecosystem in Dubai
Bybit’s partnership with DMCC, an authority in the commodities and free zone sector, is more than just a symbolic gesture. Bybit pledged an investment of AED 500,000 to support 15 emerging cryptocurrency ventures. This tangible commitment signifies the readiness of Bybit and DMCC to take concrete steps toward establishing Dubai as a pivotal point in the global crypto map.
The Future Blockchain Summit was the ideal backdrop for this partnership. The event attracted over 150 exhibitors from across the world, offering a platform to delve into essential topics, including crypto security and the integration of Web3 with gaming. As global conversations shift towards sustainable practices in preparation for COP28, discussions on eco-friendly Web3 innovations could not have been timelier.
As part of their burgeoning partnership, Bybit is already sponsoring the much-anticipated “Web3 Unleashed: Crypto Innovation Challenge,” which is open for new entrants alongside the 51 projects that have already registered through the official page. The final showdown for this challenge is scheduled for November 22, 2023, with an impressive $100,000 prize awaiting the winner.
Ben Zhou, co-founder and CEO of Bybit, expressed his excitement about the collaboration, stating, “The way Bybit and DMCC came together at the summit wasn’t just collaboration; it was a melding of visions. We’re genuinely excited to join with DMCC as we further our ‘Grow With The Crypto Ark’ initiative with new educational content, AI trading bots, and affiliate portal.”
Bybit, established in 2018, has quickly risen to become a top-five cryptocurrency exchange, known for its professional platform with features such as an ultra-fast matching engine, round-the-clock customer service, and multilingual community support. Additionally, Bybit proudly partners with the reigning Constructors’ and Drivers’ champions of Formula One, the Oracle Red Bull Racing team.
The collaboration between Bybit and DMCC at the Future Blockchain Summit signifies Dubai’s growing importance in the global cryptocurrency landscape. With concrete investments and a shared commitment to fostering growth and education in the crypto space, this partnership is poised to establish Dubai as a leading global crypto hub. As the crypto and blockchain industries continue to evolve, Bybit and DMCC are clearly playing a pivotal role in shaping the future of Web3 and cryptocurrency innovation.
