Hub71, a specialist technology ecosystem in Abu Dhabi, has unveiled a plan called "Hub71 Digital assets" with assets of more than $2 billion. This project aims to promote breakthroughs based on Web3, such as blockchain applications and virtual reality applications. The program aims to provide a range of projects and programs for Web3 startups, as well as companies, government departments and investment partners in the global industry and the United Arab Emirates.

This project aims to promote breakthroughs based on Web3, such as blockchain applications and virtual reality applications. It looks forward to giving Web3 startups a good opportunity to browse a range of plans and programs, as well as companies, government departments and investment partners in the global industry and the United Arab Emirates.

The Hub71 digital asset plan shows that it is ready to give Web3 start-ups the opportunity to apply state-of-the-art blockchain and virtual asset infrastructure, as well as a step-by-step regulatory environment.

The program will be built at Hub71 at the Abu Dhabi Global sales Market (ADGM). As an important partner of the initiative, the first Abu Dhabi Financial institutions Research and Industrial Innovation Center will add a list of digital asset trading centers and service providers to promote digital asset research and transaction security storage.

Hub71 says this will help companies expand into Abu Dhabi and expand their business processes in the Middle East and global sales markets as part of the value added program.

The plan will be extended to the "unicorn enterprise" of Web3's new company, which refers to a company valued at more than $1 billion. This proposal is part of Abu Dhabi's efforts to attract and apply innovative companies and establish the United Arab Emirates as the manager of the Web3 industry.

Alibaba Alvan, deputy CEO of Hub71, said that in his view, the launch of Hub71 Digital Assets meant that Abu Dhabi wanted to embrace "disruptive innovative companies that promote transformation and transformation around the world."

Actively working with ADGM, FAB and Fabric and their well-known Web3 companies and promoters, startups can safely fund, develop, design and market innovative concepts while operating in one of the largest managed virtual assets in the Middle East and North Africa. This kind of cooperation not only brings rapid development opportunities for start-ups, but also promotes transformation and improvement at the same time.

The UAE government has been actively embracing blockchain applications and the included emerging economies, including illusory worlds, irreplaceable dynamic passwords and Web3.

On January 20, Thani Al-Zeyoudi, Minister of State for Export and Foreign Trade of the United Arab Emirates, told Reuters in Davos, Switzerland that the United Arab Emirates has formulated a regulatory mechanism for login passwords, and the key is to turn the Gulf state into a core area with a system of friendly login passwords, and there are adequate safeguards.

In October, a Chainanalysis report stated that the Middle East and North Africa (MENA) region is one of the fastest growing login password markets in the world. The results show that in the 12 months from July 2021 to June 2022, consumers in the Middle East and North Africa won the use of digital currencies worth $566 billion, an increase of 48 per cent compared with 2021.