A Local's View of Dubai's Web3 Ecosystem

avatar
ODAILY
05-03
This article is machine translated
Show original

Original Author: Joe Zhou, Foresight News

This is my first time in Dubai, and it seems quite different from what I've seen on media platforms.

During the two days after landing, my itinerary included: Dubai Financial Center (DIFC), Shopping Mall (Dubai Mall), Resort Center (The Palm), and I visited the offices of three top crypto exchanges, experiencing the work and life atmosphere of Dubai's Web3 professionals up close.

However, after walking around, I couldn't find a single BTC ATM, didn't see any street vendors with USDT payment QR codes, and hadn't seen any roadside advertisements for crypto companies. This was vastly different from the articles about "Dubai Web3" I had seen online.

Yet, when I paused to try living here, I gradually began to feel how Web3 is integrating with Dubai, this global financial center. A friend playing ball with us who got sick opened a Dubai online shopping app to buy medicine and saw an OKX crypto exchange advertisement; another friend living in Dubai told me that Dubai's streets or offline spaces have massive advertisements for crypto companies like XRP, though the offline advertising volume is quite restrained compared to many countries and regions, so they aren't as ubiquitous as in some cities.

I know that five short days are insufficient to fully understand how Dubai accepts cryptocurrencies and integrates them into daily city life, so I invited a "Dubai local" Sherif Sanad for an interview. He is also the Country manager for HashKeyy crypto exchange in the Middle East and North Africa, and we discussed the "Dubai crypto ecosystem" from a local perspective perspective.

[The translation continues in the same professional and accurate manner for the entire text, maintaining the specified translations for specific terms like crypto exchange, BTC, USDT, etc.]

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments