September 29, 2023

Ghaf Labs, Sui Foundation Cooperates for Enhancing Web3 in UAE

Ghaf Labs

Ghaf Labs

Ghaf Labs, a boutique consultancy and advisory firm based in Dubai, has partnered with the Sui Foundation to support the growth and proliferation of the Sui blockchain protocol and its associated ecosystem.

Sui is a unique Layer 1 blockchain and smart contract platform designed to make digital asset ownership fast, private, secure, and accessible to everyone. Ghaf Labs’ partnership with Sui Foundation aims to drive their expansion within the UAE and the MENA region, fostering the growth of web3 adoption.

Ghaf Capital Partners, a private investment firm founded in 2019, has established itself as a pioneering player in the web3 investment space with an impressive portfolio of 75 companies.

In response to the increasing demand from companies seeking exposure in the MENA region, Ghaf Capital introduced Ghaf Labs. It is a boutique advisory and consultancy service dedicated to web3 ventures, which provides personalized attention to several clients each year.

Ghaf will provide holistic support to the Sui Foundation through a groundbreaking partnership by sharing their expertise and market insights. The Sui Foundation has ambitious plans to expand its ecosystem in the UAE by engaging in university partnerships, discussing with regulators, organizing regional hackathons, and supporting local web3 projects.

To kick off its presence in the region, the Sui Foundation plans to participate in several prominent web3 summits in the UAE during Q4 of 2023, including the Future Blockchain Summit, World Blockchain Summit, and Global Blockchain Congress.

The Sui Foundation will also host a monthly meet-up in Dubai called “Sui Connect.” This event aims to foster community building and stimulate the local ecosystem.

Sui’s innovative use of Web3 technologies includes Sui Move, a dialect of the programming language originally developed at Facebook to power the Diem blockchain. Sui Move is specifically tailored to address the challenges that traditional EVM (Ethereum Virtual Machine) poses for blockchain engineers in developing Web3 enterprises.

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