Thursday, May 23, 2024
Today’s News

Launch of a New Incubation Program in Dubai

The Dubai World Trade Center (DWTC) will host MANTRA’s new incubation program upon the conclusion of a $11 million fundraising round headed by Shorooq Partners. With an emphasis on the MENA area, MANTRA’s program is a component of its endeavor to support the Real World Asset (RWA) tokenization industry.

The MANTRA Incubator program was created in collaboration with Virtuzone, the top corporate service provider in the United Arab Emirates. Its goal is to foster and expand new initiatives within the MANTRA ecosystem and the RWA domain. MANTRA will provide financial help to entrepreneurs for development, infrastructure, banking, licensing, and administrative services. Dubai’s role as a center for crypto innovation and matching MANTRA’s goals for a vibrant startup ecosystem.

John Patrick Mullin, CEO and co-founder of MANTRA stressed that the program’s objective goes beyond providing workspace. We’re creating a comprehensive platform for innovation in the web3 space, allowing promising businesses to take advantage of networks, resources, and a supportive environment in one of the world’s most active cryptocurrency scenes,” Mullin said. In recent years, Web3 companies have demonstrated an unparalleled capacity for growth, particularly in specialized fields like artificial intelligence, big data, and machine learning.

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Thursday, May 23, 2024

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