According to sources, Dubai Multi Commodity Center (DMCC) recently announced the signing of two memorandums of understanding with a South Korean Metaverse platform, planning to form a partnership to facilitate the expansion of the UAE’s global Web3 business.
Founded in 2002, DMCC is the largest free trade zone in the UAE; in 2021, the government launched the DMCC Encryption Center, a comprehensive ecosystem for enterprises in the encryption and blockchain fields.
The data shows that, of all MENA countries, the UAE is the most crypto-focused country.