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Dubai is expected to host the eighth edition of the Blockchain Economy Summit, the largest blockchain conference network in the world, from October 2 to 5.



The summit will be held at the Le Meridien Dubai Hotel &amp; Conference Center in Dubai with the participation of <a href="https://upyo.com/en/news/blockchain" target="_blank" rel="noreferrer noopener">blockchain</a> pioneers, top crypto firms, and AI innovators around the world.



The event will tackle the latest developments and trends within the blockchain, cryptocurrency, and AI space, featuring industry leaders, engaging panel discussions, and opportunities for growth and investment.



Leading cryptocurrency exchange OKX will be the Exclusive Title sponsor for all of Blockchain Economy Summit&#8217;s events this year.



In this regard, General Manager of the Blockchain Economy Summit Servi Aman expressed his excitement about holding the summit this year in a city that embraces blockchain technology, hailing the emirate&#8217;s commitment to creating a friendly environment for thriving the crypto industry.



Influential speakers will deliver speeches through which they would share their expertise and visions related to the industry.



The UAE, with its crypto-friendly regulations, is gearing up to become a global crypto hub, specifically Dubai. It also embraces AI technologies to boost efficiency and implementation across public services. The <a href="https://upyo.com/en/news/tags/dubai-blockchain">Blockchain Economy in Dubai</a> will be the Main gathering in the region on behalf of the world of blockchain, cryptocurrency, and AI technologies, with a wide range of topics focused on the revolutionary technologies of the future, extensive networking opportunities, and participation from more than 85 countries.



It is worth noting that Crypto ownership in the UAE is remarkably growing as 27.67% of its residents own crypto assets, according to data aggregated from the crypto platform TripleA.



This percentage puts the UAE in first place globally in terms of the percentage of people who are owning crypto assets. TripleA reported that the Arab Gulf country has more than 2.6 million holders of cryptocurrencies,

Blockchain Economy Summit

Blockchain

Dubai Hosts 8th Edition of Blockchain Economy Summit in October

Abu Dhabi-based blockchain firm Venom Foundation partnered with Iceberg Capital Limited to launch a $1 billion venture fund for Web3 and blockchain companies.



The Venom Ventures Fund (VVF) aims to pump investments in protocols decentralized apps (Dapps) of Web3, which focus on GameFi products and services, DeFi, payments, asset management, and banking services to be a pioneering supporter for coming entrepreneurs and digital technologies.



In VVF, Iceberg, which is an Abu Dhabi Global Market (ADGM) regulated investment manager, will use its resources to offer incubation programs and provide projects with marketing, regulatory, legal, technical, and exchange listing support, <a href="https://cointelegraph.com/news/abu-dhabi-based-venom-foundation-launches-1b-fund-for-web3-and-blockchain" target="_blank" rel="noreferrer noopener">according to Coin Telegraph</a>.



VVF&#8217;s team is experienced with enhancing Web3 and traditional funds and offering growth capital for startups and scaleups. Its leadership includes Chairman of Venom Ventures and former global CIO for fixed income at Barclays Global Investors Peter Knez and Mustafa Kheriba, a board member for multiple family offices and long-term investment professional in the Middle East and North African regions, <a href="https://techcrunch.com/2023/01/11/venom-foundation-and-iceberg-capital-launch-1b-venture-fund-to-invest-in-web3/?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAGgOXanZc5NiQfX1V2aeCMfBA5oSU3CLcJJtrvS6P5jiU-I6PpdG_UvKHfuUqLbQHUzVMVBPl8CYh2JxwrFXQDkYSkvH2zHPIm5M90cZqQAMKSwRM2TD1eFURFG7utnxNVAIgppjuV4MEmYeiKSIO-EcHWIEL8cPF9s6txIC6MbJ" target="_blank" rel="noreferrer noopener">Tech Crunch reported</a>.



Managed by Iceberg, the fund will invest in companies and projects from pre-seed to Series A rounds to speed up the adoption of Web3, blockchain and DeFi.



In this regard, Knez said that the fund is ready for allocating strategic investments for the most innovative Web3 start-ups, adding VVF would not be limited to Abu Dhabi firms only, but it will support projects and companies around the globe.



Meanwhile, Kheriba, who doubles as the executive chairman of Iceberg Capital, noted that the cooperation with Venom Foundation will give access to provide marketing, financial and technical support to the most prominent projects and teams in the Web3 world to bring their visions to life.



Indeed, the fund made its first investment, leading Nümi Metaverse’s $20 million funding round. Nümi Metaverse is a universal platform for creators, innovators, and followers. It will debut its ‘Visual Novel’ this year, a mini-game experience with a range of special rewards for players.

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