Blockchain

IoTeX goes to Dubai and finds a multitude excited to learn, invest, partner, and build on their platform

IoTeX goes to Dubai and finds a multitude excited to learn, invest, partner, and build on their platform

It seemed like a lifetime ago since we were all able to meet IRL, as the cyber folks say nowadays. For those who don't know, that means in real life. After years, literally, of lockdown, thousands of crypto and blockchain OGs (Old Gansta’s, i.e. early adopters) and enthusiasts descended into Dubai for weeks of unforgettable events.

It was equally exciting for several IoTeX members who were there for a dozen very intensive days of speaking, meeting, networking, and exhibiting what this extraordinary MachineFi-focused enterprise does and where it's headed.

Many of those IoTeX team players met for the very first time, physically, that is. What happened during their extended stay in Dubai would prove to be one of the most significant experiences for all of them. After all, it is a fully decentralized blockchain project.

Let's start with a bit of a story about how crypto has made its way into this UAE's economically fast-growing emirate. The government has embraced the industry and wants to lead the world into this new era.

Immediately after the Dubai government started to offer digital asset licenses in a bid to become the global crypto hub, several cryptocurrency firms rushed to set up shop in the city that boasts the world's largest … well, practically the largest or biggest everything.

Crypto exchange Bybit is the latest to announce its move from Singapore to Dubai, joining Binance, Crypto.com, and FTX.

The Financial Times recently quoted Binance CEO and Founder, CZ(Changpeng Zhao) saying Dubai officials have attracted cryptocurrency projects with its "open mindset and a business-friendly attitude."

Regardless, people from around the world arrived in Dubai for events that started on 16 March. The Crypto Expo Dubai took place on 16 and 17 March, followed by the World of Web3 Summit. And then came the AIBC Summit, the WBS, Binance Blockchain Week (BBW), and ETHDubai -  not to mention the Finance Today Summit on 23 March.

IoTeX participated in the AIBC Summit, WBS, BBW, and finally ETHDubai. The team all were very productive, not to mention the side events and networking meet-ups. Dr. Raullen Chai, IoTeX Co-Founder and CEO, was a special BBW guest and along with other panelists, he discussed the intricacies of getting involved in blockchain as technologists. He also had the opportunity to meet backstage with Charles Hoskingson, Co-Founder of Ethereum and Cardano.

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