Kratos Gamer Network (KGeN) has opened its regional headquarters in Bahrain to expand its presence in the MENA gaming market. The new headquarters will introduce a universal gamer reputation framework and leverage blockchain technology to enhance gaming experiences, connecting local communities with global game publishers.
Changpeng Zhao, former CEO of Binance, met with Nawaz Sharif to discuss the future of Pakistan’s digital economy and Web3 technologies. The meeting focused on blockchain, fintech, and equipping youth with IT skills. Zhao’s appointment as a strategic adviser to the Pakistan Crypto Council was also welcomed.
ZetaChain has secured major industry players like Google Cloud, Deutsche Telekom, NTT Digital, Coinbase, stc Bahrain, and Alibaba Cloud as validators, boosting the network’s decentralization and scalability. The addition of these validators is expected to enhance ZetaChain’s blockchain interoperability, leading to increased support for decentralized applications across multiple ecosystems.
Morocco is adopting blockchain and AI as part of its Digital Morocco 2030 strategy to modernize its economy. The initiative aims to create a digital economy, generate 240,000 jobs, and contribute over $10 billion to GDP, positioning Morocco as a regional tech hub with a focus on blockchain and AI.
Tunisia has launched a blockchain-based system to verify educational credentials, combat fake diplomas, and streamline the verification process. This move is part of a broader regional initiative to enhance academic integrity. The system’s success in Tunisia could inspire other nations to adopt similar solutions to address diploma fraud.
Sri Lanka has allocated $10 million to support digital transformation, with a focus on emerging technologies such as blockchain and AI. A significant portion of the funding will go toward the Sri Lanka Unique Identity Project (SL-UDI) for a blockchain-based digital ID system. The country also aims to boost its digital economy by training 200,000 individuals.
The Binary Holdings and Robi Axiata have partnered to introduce Web3-powered engagement to over 40 million users in Bangladesh. This collaboration incorporates gamification and blockchain-driven rewards, enabling Robi subscribers to earn incentives through mobile interactions. The initiative aims to enhance user engagement and drive new revenue streams for Robi.
Sigma Capital has launched a $100 million fund to invest in web3 sectors, focusing on decentralized finance, blockchain infrastructure, tokenization, gaming, and the metaverse. The firm aims to invest in 100 early-stage startups and 25 liquid tokens over three years, optimizing portfolio performance and supporting emerging web3 innovations.
Outlier Ventures has unveiled its “Post Web Thesis,” predicting a shift to a decentralized internet powered by AI and blockchain. The Post Web will focus on an “intention economy,” where AI agents perform tasks for users, simplifying the internet and transforming digital interactions. The Middle East is a key region for early adoption.
The RAK Digital Assets Oasis (RAK DAO) Conference 2024 highlighted the importance of technological innovation in establishing Ras Al Khaimah as a global blockchain hub. The event unveiled the DAO Association Regime (DARe) to support decentralized organizations and featured discussions on the future of digital assets and regulatory frameworks.
