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1/ Many Asian teams may go to Singapore as the first step when considering going to the global market, but many teams actually went to Dubai this year. What is the current state of Web3 construction in the Middle East centered on Dubai? Why did you choose to build in the Middle East? What is the image of Web3 builder in the Middle East?
2/ In 2017, everyone will regard the Middle East as a transit point, and hold a conference here to discuss things. But now many companies have established branches here, and some large project parties will also establish bases here, and regard this as a very important customer acquisition and market area. Establishing a company here is much friendlier than Singapore, with low cost, simple procedures, fast speed, and very high overall efficiency. ——by @ShardingCapital @ciaobelindazhou
3/ In the case of the Russo-Ukraine war, a large amount of cash flowed to Dubai. Politically, Dubai has not tightened its policies like China did before. So on the whole, the Middle East has been a very forward-looking player with low-key politics and high-profile fashion for decades. ——by @BlockBeatsAsia columnist @zhuoruifu
4/ The Middle East is very international, 90% of them are global teams, there are more Indians, Pakistanis, and some Europeans and Americans. The project party here is mainly GameFi. Everyone chooses to build in the Middle East. The first is the special support from the government, the second is the tax exemption in the Middle East, and the third is that the cost of identity is relatively low. Now when going to Singapore, many people need to apply for ID or green card, which will cost more. —by @Lolcapitalio Cofounder @snow668899
5/ Dubai is the first jurisdiction in the world to set up a virtual asset regulatory agency. In March of this year, Dubai also issued the Virtual Assets Law and established the Virtual Assets Regulatory Authority. From all these positives, in terms of compliance, especially for exchanges or many practitioners, it is a relatively friendly and easily accepted environment. This friendly policy also attracts more people to build #Web3 there. —by @gateio_zh @w_asherwu
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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.
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