Crypto Oasis has now surpassed their 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 has experienced a growth of 13.8 percent.
Crypto Oasis has added more than 200 new organizations in Q4 2022. These firms have brought in over 1,300 skilled professionals to the ecosystem, bringing the total number of individuals working in this industry to over 8,300. This 19 percent growth in employment numbers can attributed to the UAE being a force to be reckoned with in the global blockchain landscape.
A total of 78.2 percent (about 6,500) of these people work in native blockchain organizations, that is, those that focus on blockchain and related decentralized technologies. Meanwhile, 21.8 percent (approx. 1,800) work for non-native companies, i.e. those that offer blockchain-related services or products, but do not have blockchain as their main focus.
Ralf Glabischnig, founder of Crypto Oasis, stated: “We are thrilled to have identified these new organizations in our ecosystem that contribute to a diverse community of stakeholders. The possibilities for Web3 technology are vast, from finance and supply chain management to gaming and social media .”
“However, as it is a relatively new and emerging technology, its full potential has not yet been reached and the industry faces challenges such as scalability, security and user adoption. It is an exciting and rapidly evolving field to watch and we are keen to to collaborate and learn from each other as we work to improve Web3 and decentralized technologies.”
Crypto Oasis supports blockchain and Web3 organizations to access resources and expertise that can help them navigate the complex and rapidly evolving landscape. In addition, 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 amalgamation of talent and capital built on a 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 MoE published its Digital Economy Strategy, which aims to double the contribution of the digital economy from 9.7 percent to 19, 4 percent over the next decade.
The launch of regulators such as VARA and various industry events such as Abu Dhabi Finance Week and Dubai Fintech Week, as well as the launch of the Dubai Economic Agenda ‘D33’, demonstrate the UAE’s commitment to taking an active step to become the center of digital economy globally.”
Crypto Oasis Ecosystem Report 2022
Meanwhile, in the first version of the Crypto Oasis Ecosystem Report 2022, published in collaboration with Roland Berger on October 22, the ecosystem identified over 1,450 Web3 organizations in the UAE at the end of the 3rd quarter of 2022. This report aimed to establish the first quantitative and qualitative study of the Crypto Oasis ecosystem.
Our Crypto Oasis Ecosystem Report 2022 UAE is LIVE! 🚀
This report has been a long time in the making and we are pleased to share it with you, as a result of dedicated work by our Crypto Oasis team in collaboration with @RolandBerger.Download here: pic.twitter.com/cQTt6Kxswc
— Crypto Oasis (@CryptoOasisUAE) 10 October 2022
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 regulators in the region welcome innovation and disruption, making it easier for Blockchain-related companies to secure licenses and operate.”
In other news, Crypto Oasis Ventures recently entered into a strategic partnership with MO:ME:NT, adding it to its portfolio of innovative blockchain organizations.
MO:ME:NT bridges the gap between the real and virtual worlds by offering easy access to Web3.
Read: Crypto Oasis, MO:ME:NT Partner to Improve Web3 Features
Called MO:ME:NTs, the offering transforms moments of public interest into non-fungible tokens (NFTs) through a fully automated API trigger.
