Wednesday , 27 November 2024
Home Forex Sui Launches ‘SuiHub Dubai’, Its First Global Hub to Drive Web3 Innovation
Forex

Sui Launches ‘SuiHub Dubai’, Its First Global Hub to Drive Web3 Innovation

  • SuiHub
    Dubai is the first in a global series of hubs designed to support
    blockchain developers and entrepreneurs.
  • The
    center is located in Expo City Dubai, a key tech hub in the region, to
    foster collaboration and innovation.
  • Ghaf
    Studios and Sui aim to provide resources and funding to local Web3
    founders and builders as part of a broader push for regional growth.

Sui, the Layer 1 blockchain known for its industry-leading
performance and scalability, today announced the opening of its first SuiHub in
collaboration with Ghaf Group, the leading blockchain partner in the MENA
region. The center will be the first of several planned hubs worldwide, with
Dubai strategically chosen as the first SuiHub location due to its thriving
tech ecosystem and commitment to innovation.

The new hub, located in Expo City Dubai, will play a pivotal
role in Sui’s mission to build a global network of Sui workspaces and community
centers that empower builders to create decentralized applications and advance
blockchain technology.

Specifically, SuiHub Dubai will provide Web3 startup
founders access to workshops, technical support, and community-driven events,
as well as resources, funding, and technical expertise, ensuring they have the
support needed to launch and scale their projects using Sui’s blockchain
infrastructure. The hub is expected to further cement Sui’s role as a leading
platform for Web3 development in the MENA region, particularly as Dubai
continues its rapid adoption of blockchain technologies.

“Dubai’s forward-thinking regulatory environment and
commitment to blockchain innovation make it the ideal location for SuiHub’s
global debut,” said Kostas Chalkias, Co-Founder and Chief Cryptographer at
Mysten Labs, which developed the Sui network. “The city has established itself
as a world leader in technology and blockchain innovation, and by opening
SuiHub here, we aim to empower local and regional developers to create
decentralized applications that will have a global impact. This is the first in
a series of hubs we plan to establish around the world to provide builders with
the resources and support they need to succeed.”

“Ghaf Group is extremely pleased to join with the Sui team
in launching the first official SuiHub in Dubai,” said Feras Al Sadek,
Co-Founder and MD of Ghaf Group. “The initiation of this innovative new
resource for local builders and entrepreneurs represents a key milestone in the
development of Ghaf’s venture studio arm. What began as a simple advisory has
grown into a global initiative that will power technology advancement here for
years to come.”

Kristof Lukovich, CEO of SuiHub, stated, “SuiHub’s
mission is to empower regional blockchain startup founders by providing the
resources and support needed to drive growth and further strengthen the
regional ecosystem. Acting as a hub where talent, technology, capital, and
opportunity converge, we foster collaboration and create new synergies. Our
venture-building efforts are focused on bringing innovative solutions to
market, while our Q4 accelerator program, in collaboration with Brinc,
CoinList, Sui and Ghaf Group will be nurturing some of the most promising
startup founders on a global scale. With a robust network of over 40 ecosystem
partners, advanced in-house engineering capabilities, and a range of strategic
initiatives, we are well-positioned to drive the future growth of the regional
blockchain landscape. A key pillar of our mission is our partnership with the
American University of Sharjah, where we have together launched a blockchain
academy to cultivate the next generation of blockchain-savvy local
leaders.”

The Expo City site, chosen to be the home of the new hub,
has been recognized as a key location for companies focusing on cutting-edge
technology, making it the perfect setting for SuiHub Dubai’s launch. The
opening of SuiHub Dubai further strengthens Sui’s presence in the region,
building on earlier initiatives such as the partnership with the American
University of Sharjah (AUS) in early 2024, which launched the AUS-Sui
Blockchain Academy. Additionally, Sui’s recurring community networking events,
such as Sui Connect, have already laid the foundation for deeper engagement and
collaboration with local developers, builders and enthusiasts.

With this launch, Sui (https://sui.io/) reaffirms its
commitment to building a decentralized, builder-led ecosystem that supports
developers across multiple regions. More hubs are expected to be announced in
the near future, each designed to provide localized support and resources for
blockchain developers building on the Sui platform.

This article was written by FL Contributors at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Just a couple of light releases on the agenda in the session ahead

In Europe, we'll only have to deal with a couple of light...

Dollar holds lower at the balance ahead of European trading

The pair looks to be on an inevitable push lower towards testing...

FX option expiries for 27 November 10am New York cut

There are a couple to take note of on the day, as...

Westpac expect another Reserve Bank of New Zealand 50bp interest rate cut in February

The RBNZ cut the OCR by 50bps to 4.25% today:RBNZ Gov Orr...