The Dubai Multi Commodities Centre (DMCC) has joined forces with Enya Labs to boost Dubai’s reputation as a top spot for digital assets.
Enya Labs, the primary contributor to Boba Network, makes decentralized technology services for blockchain and Web3 engineers. Their main product is a multi-chain scaling system and a Hybrid Compute platform.
This partnership with the DMCC Crypto Centre will help Dubai become a more crypto-friendly area. Enya will support new Web3 and blockchain companies, using Dubai as a base to expand their operations in the region and around the world.
Boba Network is a multi-chain layer-2 scaling protocol that helps developers create powerful dApps on many blockchain networks. It amplifies transaction speed, provides low fees, and offers enhanced performance scalability. This means developers can easily create applications with dynamic features at a low cost.
Labs has been given the chance to use Boba Network by DMCC, to provide technical assistance to Crypto Centre members who are hoping to expand their businesses.
And they will have access to Hybrid Compute, Boba’s multi-purpose channel which allows Web2 APIs to be connected to decentralized computers via smart contracts.
Enya Labs will provide a mentorship program and extra help through DMCC Crypto Academy as a new ecosystem partner.
The executive chairman and CEO at DMCC, Ahmed Bin Sulayem, said:
The ability of the DMCC Crypto Centre to attract such high-profile and impactful players in the web3 space is a true testament to the thriving ecosystem that we have created. By bringing Boba Network into the fold, in partnership with core contributor, Enya Labs, we are further expanding the support we provide to our members and enhancing the ways in which they can scale their operations in Dubai and beyond
The co-founder & CEO of Enya Labs, Alan Chiu, added:
The DMCC Crypto Centre is a mature environment with many high-potential projects being developed on a daily basis. As such, this partnership with DMCC will allow us to bring new and exciting web3 companies onto Boba Network as it continues to expand globally
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