{"id":137575,"date":"2023-09-02T05:27:13","date_gmt":"2023-09-01T23:57:13","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=137575"},"modified":"2023-09-02T05:27:13","modified_gmt":"2023-09-01T23:57:13","slug":"dubai-lures-ai-web3-enterprises-with-90-subsidized-commercial-licenses-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/dubai-lures-ai-web3-enterprises-with-90-subsidized-commercial-licenses-crypto-news\/","title":{"rendered":"Dubai lures AI, Web3 enterprises with 90% subsidized commercial licenses – Crypto News"},"content":{"rendered":"

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The city of Dubai in the United Arab Emirates has started offering commercial licenses to artificial intelligence (AI)<\/a> and Web3<\/a> businesses at a 90% subsidy as it works to create the largest cluster of new-age tech companies in the Middle East and North Africa (MENA) region.\u00a0<\/p>\n

The Dubai AI and Web 3.0 Campus \u2014 an aspiring tech hub \u2014 announced<\/a> the decision to subsidize the licenses for companies willing to set up a base in the city. The licenses will be issued by Dubai International Financial Centre (DIFC) as the city eyes an influx of global talent and diversified investors.<\/p>\n

DIFC\u2019s newly-launched Innovation One building has physical offices and co-working spaces for registered AI and Web3 enterprises. Source: dubaiaicampus.com<\/em><\/figcaption><\/figure>\n

DIFC Innovation Hub CEO Mohammad Alblooshi shared:<\/p>\n

\u201cWe are confident that by granting these licenses, we will attract more global talent and investment to the region and create a culture of collaboration and innovation.\u201d<\/p><\/blockquote>\n

The campus comes equipped with technologies that complement the crowd it hopes to attract, which includes AI lab facilities and training programs, supporting hardware and accelerator programs.<\/p>\n

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Dubai\u2019s AI and Web3 license application form. Source:\u00a0innovationhub.difc.ae\u00a0<\/em><\/figcaption><\/figure>\n

Enterprises interested in signing up for subsidized commercial licenses must fill out a form. Further investigation from Cointelegraph revealed that the sign-up form did not acknowledge the form submission and redirected the users to the home page at the time of writing.<\/p>\n

Related: <\/em><\/strong>Binance to offer crypto broker-dealer services in Dubai with new license<\/em><\/strong><\/a><\/p>\n

In addition to attracting talent, Dubai has also given out operational licenses to crypto exchanges. Earlier in August, Nomura\u2019s crypto arm, Laser Digital Middle East, obtained an operating license from Dubai\u2019s Virtual Asset Regulatory Authority.<\/p>\n

The new virtual asset service provider license would allow Laser Digital to offer broker-dealer and virtual asset management and investment services in the emirate.<\/p>\n

Collect this article as an NFT<\/a><\/em><\/strong> to preserve this moment in history and show your support for independent journalism in the crypto space.<\/em><\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The city of Dubai in the United Arab Emirates has started offering commercial licenses to artificial intelligence (AI) and Web3 businesses at a 90% subsidy as it works to create the largest cluster of new-age tech companies in the Middle East and North Africa (MENA) region.\u00a0 The Dubai AI and Web 3.0 Campus \u2014 an […]<\/p>\n","protected":false},"author":2,"featured_media":137576,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-137575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=137575"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137575\/revisions"}],"predecessor-version":[{"id":148370,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137575\/revisions\/148370"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/137576"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=137575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=137575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=137575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}