Dubai – (NewMediaWire) – January 20, 2023 – (ACN Newswire) – Crypto Oasis, the fastest growing Blockchain Ecosystem in the world, has surpassed its target of identifying 1,500 organizations in the Ecosystem by the end of 2022. As of 31st December, there were over 1,650 organizations and the ecosystem, comprising the geographic region of the Middle East and North Africa and its Blockchain, Crypto, Metaverse and Web3 related organisations, has been growing faster than previously anticipated.
The Ecosystem has witnessed a sturdy 13.8% growth, while Crypto Oasis is expected to continue robust growth in the coming months, as regulators in the region welcome innovation and disruption, making it easier for blockchain-related companies to secure licences and operate. At the forefront of this is Dubai Multi Commodities Centre (DMCC) which is home to over 500 of these native Blockchain organisations, representing the largest concentration of crypto and blockchain companies in the Middle East and North Africa (MENA) region.
Crypto Oasis has added 200+ new organisations in Q4 2022 that have brought in 1,300+ new professionals to the burgeoning Ecosystem, bringing the total number of individuals working in this industry to 8,300+. This 19% growth in employment numbers can be attributed to the UAE being a force to reckon with in the global Blockchain landscape. 78.2% (approx. 6,500) of these individuals work in native blockchain organisations, i.e. those which are focused on blockchain and related decentralised technologies. 21.8 (approx. 1,800) percent work for non-native companies, i.e. those that offer blockchain related services or products but do not have blockchain as their primary focus.
Ralf Glabischnig, Founder of Crypto Oasis, stated, “We’re thrilled to have identified these new organisations in our ecosystem that are contributing to a diverse community of stakeholders. The possibilities for Web3 technology are vast, from finance and supply chain management to gaming…
