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UAE: Crypto Oasis lists over 1,650 blockchain companies by Q4 2022

Crypto Oasis has now surpassed its goal of identifying 1,500 organizations in the ecosystem by the end of 2022. As of December 31, there were over 1,650 organizations and the ecosystem grew by 13.8% .

Crypto Oasis added over 200 new organizations in Q4 2022. These companies recruited over 1,300 skilled professionals into the ecosystem, bringing the total number of people working in this industry to over 8,300. This 19% growth in the number of jobs can be attributed to the fact that the UAE is a force to be reckoned with in the global blockchain landscape.

A total of 78.2% (about 6,500) of these people work in blockchain-native organizations, meaning those that focus on blockchain and related decentralized technologies. Meanwhile, 21.8% (about 1,800) work for non-native companies, i.e. those that offer blockchain-related services or products but do not have blockchain as their primary focus. .

Ralf Glabischnig, Founder of Crypto Oasis, said, “We are delighted to have identified these new organizations in our ecosystem that contribute to a diverse community of stakeholders. The possibilities of Web3 technology are vast, from finance and supply chain management to gaming and social media. »

“However, as this is a relatively new and emerging technology, its full potential has yet to be realized and the industry faces challenges such as scalability, security and consumer adoption. users. This is an exciting and rapidly evolving area to watch and we look forward to collaborating and learning from each other as we work to improve Web3 and decentralized technologies.

Crypto Oasis helps blockchain and Web3 organizations access resources and expertise that can help them navigate the complex and rapidly changing landscape. Additionally, joining the ecosystem allows them to network with potential partners and clients and showcase their work to a wider audience.

“The UAE is the perfect fusion of talent and capital built on world-class infrastructure,” said Saqr Ereiqat, co-founder of Crypto Oasis.

“The Ministry of Economy (MoE) has become one of the first government entities in the world to be active in the metaverse. In 2022, the Ministry of Education released its Digital Economy Strategy, which aims to double the contribution of the digital economy from 9.7% to 19.4% over the next decade.

The establishment of regulatory bodies like VARA and various industry events like Abu Dhabi Financial Week and Dubai Fintech Week, as well as the launch of the Dubai Economic Agenda “D33”, demonstrate the commitment of the UAE to take an active step towards becoming the center of the digital economy. worldwide.”

Crypto Oasis Ecosystem Report 2022
Meanwhile, in the inaugural version of the Crypto Oasis Ecosystem Report 2022, released in partnership with Roland Berger on October 22, the ecosystem identified over 1,450 Web3 organizations in the UAE as of the end of Q3 2022. This report aimed to establish the first quantitative report and qualitative study of the Crypto Oasis ecosystem.

Pierre Samaties, Partner and Global Head of Crypto Economy and Web3 at Roland Berger, said: The UAE is uniquely positioned to play a leading role in the global innovation economy. The growth of the Crypto Oasis ecosystem will continue in the coming months, as we can already see how much regulators in the region welcome innovation and disruption, making it easier to obtain licenses and operate. by blockchain-related companies.

In other news, Crypto Oasis Ventures recently signed a strategic partnership with MO:ME:NT and added it to its portfolio of innovative blockchain organizations.

MO:ME:NT connects the real and virtual world by providing easy access to Web3.

Read: Crypto Oasis Partners with MO:ME:NT to Enhance Web3 Capabilities

The offering called MO:ME:NTs instantly turns moments of public interest into non-fungible tokens (NFTs) through a fully automated API trigger.

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