Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
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.