RAK DAO and HBAR Foundation fuel growth and funding opportunities for Web3 companies

18th November, 2023

In an exciting collaboration that is set to reshape the digital economy, Ras Al Khaimah Digital Assets Oasis (RAK DAO) has partnered with The HBAR Foundation, the ecosystem accelerator of the Hedera network. This strategic alliance aims to provide RAK DAO ecosystem members with access to growth opportunities and funding while leveraging the unmatched power of Hedera’s form of blockchain technology. This marks a significant milestone in their shared vision to drive sustainable growth and position Ras Al Khaimah as a global leader in the digital economy.


Unlocking New Possibilities For All Innovators and Changemakers:


RAK DAO, the world's first and only free zone dedicated to global digital and virtual asset companies, is committed to creating a Web3 ecosystem that facilitates the seamless exchange of information and value and creates partnerships by connecting businesses. By joining forces with The HBAR Foundation, RAK DAO members gain access to the resources and expertise needed to accelerate innovation and empower entrepreneurs across the rapidly evolving Web3 landscape. Together, they will offer a range of benefits to ecosystem members, including access to a comprehensive grant program, expert support for growth and development and opportunities to scale adoption and innovation in the Web3 space.


A Shared Vision for the Future of Ras Al Khaimah:


Both RAK DAO and The HBAR Foundation envision a future where the United Arab Emirates is the global hub for Web3, AI, and future tech innovation. By combining their efforts, they are poised to establish RAK DAO as a major part of the digital assets sector. This exclusive relationship offers existing HBAR Foundation grantees enhanced access opportunities to the UAE market, while simultaneously driving the growth of the Web3 and blockchain technology landscape. Together, they are primed to support emerging technologies and set new benchmarks for the industry.


Empowering Entrepreneurs To Change the Future of Technology:


The collaboration between RAK DAO and The HBAR Foundation represents a transformative step forward for the future of technology and Web3. By providing direct access to benefits within the Hedera ecosystem and fostering an environment of collaboration, RAK DAO and The HBAR Foundation will unlock unprecedented opportunities for entrepreneurs to turn their ideas into reality. With their combined expertise, resources, and networks, the two companies have the power to fuel innovation and empower entrepreneurs on a global scale.


RAK DAO and The HBAR Foundation's partnership marks an exciting chapter in the digital economy. Together, they are set to shape the future of Web3, drive sustainable growth, and establish Ras Al Khaimah as a leading global hub for digital assets. This collaboration exemplifies the power of strategic alliances and underscores the importance of fostering innovation and empowering entrepreneurs. As RAK DAO and The HBAR Foundation embark on this transformative journey, industry experts and digital enthusiasts are invited to join them on this exciting journey in embracing a future full of possibilities.