Blockchain
The Middle East Blockchain Ecosystem “Crypto Oasis” Identifies 1,000+ Blockchain Organisations Ahead of 2022 Forecast
A partnership with DMCC in January 2020 during the World Economic Forum in Davos was the precursor to the establishment of the regional Ecosystem now known as the ‘Crypto Oasis’. During the May 2022 World Economic Forum in Davos, the Crypto Oasis team proudly announced that the Ecosystem has already identified 1,000+ Blockchain Organisations ahead of the 2022 target.
Key Highlights:
- The Crypto Oasis Ecosystem has identified over 1,000 organisations in the UAE, a milestone that had initially been forecasted for the end of 2022.
- The updated target is to have over 1,500 organisations identified in the Ecosystem by end of the year.
- The Middle East is proving to be a hub for Blockchain activity and it has attracted major international Crypto Exchanges in recent months.
Dubai, United Arab Emirates–(Newsfile Corp. – May 25, 2022) – Crypto Oasis, the expansive ecosystem of Blockchain-related organisations initiated out of the UAE, is growing faster than anticipated. The benchmark of 1,000 Blockchain organisations in the ecosystem, which had been the original expectation for the end of 2022, has already been achieved ahead of time. Reaching this milestone 7 months in advance stands representative for the growth rate across the Blockchain landscape in the Middle East.
The strength of the Crypto Oasis Ecosystem and its growth can also be attributed to excellent initiatives taken by the UAE Government, which has been welcoming and fostering the development of this new industry for many years. From the Dubai Blockchain strategy initiated back in 2016 until this year, when His Highness Sheikh Mohammed bin Rashid Al Maktoum announced The Dubai Metaverse Strategy last month. This latest initiative aims to increase the contribution of the metaverse sector to the Emirate’s economy to $4 billion by 2030. Headed by Dubai’s Crown Prince, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Dubai Metaverse Strategy also intends to ensure that the metaverse increases its contribution to 1 percent of the Emirate’s GDP.
The organisations that are active in the Blockchain space can be broken down into two different kinds. Native Blockchain organisations, that have Blockchain technology as their primary focus and reason of origin, and non-native Blockchain organisations which offer services or products related to Blockchain but do not have Blockchain as their primary focus. Native organisations account for 53% of the total number and non-native organisations that have adopted Blockchain are 47%.
From Binance, Crypto.com, Kraken to XT.com, some of the largest players in the Blockchain world are now setting up in the Middle East. The entry of various major international crypto exchanges proves the region has become an international hub for Blockchain.
Ralf Glabischnig, Founder of Crypto Oasis said about crossing the 1,000 organisations threshold, “This is an exciting time for us as we exceed expectations considerably month after month. Our target for the year has been achieved already and we’re anticipating exceptional growth in the future. The first months of 2022 have already shown that the key pillars of growing and building the Ecosystem are talent, capital and infrastructure. We believe we are still at an early stage but with the speed of development and growth that we see day by day across the community in this region, we look forward to further advancing the Blockchain economy in the Middle East.”
As regulators in the region welcome innovation and disruption, it is simpler for Blockchain related companies to secure a license and operate. The revised expectation for the number of organisations in the UAE Ecosystem by the end of 2022 is now 1,500 organisations from the 1,000 already achieved.
The significance of Blockchain lies in its inherent transparency, trust, and immutability. The Crypto Oasis Ecosystem embodies these characteristics and offers unique value to its community. The expeditious achievement of this milestone for the Middle East has surpassed expectations as the Crypto Oasis grows and expands by welcoming new countries, organisations and aspiring entrepreneurs to this growing Blockchain Ecosystem.
About Crypto Oasis
The Crypto Oasis is a Middle East focused Blockchain Ecosystem supported by initiators of Crypto Valley Switzerland. The core elements needed for its growth are Talent, Capital, and Infrastructure. The Ecosystem’s stakeholders include Investors & Collectors, Start-Ups & Projects, Corporates, Science & Research Institutions, Service Providers and Government Entities & Associations. Crypto Oasis’ vision is to be one of the leading Blockchain Ecosystems in the world. Today it is the fastest growing, with more than 1,000 organisations in the UAE alone. The forecast is to identify over 1,500 established organisations across the region by the end of 2022. www.cryptooasis.ae
For more information contact:
Faisal Zaidi
Crypto Oasis
[email protected]
+971552000840
We live interesting times:
- Where block chain technology tries to overtake real fiat economy;
- Where banks diversify their portfolio including cryptocurrencies and tokens;
- Where average people like you and me are starting to invest their hard-earned cash into crypto to save their money from inflation and a much-expected dream to get rich or at least earn more from crypto than simple bank deposits have to offer on short or long term.
However, what about BITCOIN? Why do some people, including myself think that although Bitcoin has an enormous price and popularity, and most of the time is regarded as digital gold, it could be basically worthless?
Yes, worthless!
At this point you will think: “this guy is crazy…! Bitcoin has the biggest market cap, it is the father of block chain technology, it is the best of the best of the best…and on top of that …IT IS THE FIRST OF IT`S KIND!”
Yes, everybody wants to own Bitcoin, and most of the time, anybody can buy a fraction of it, it does not matter how much….you or me or anybody can buy it. Therefore, we do. Big companies, investment funds, banks, countries and so on, do it as well.
And here lies the core of the Bitcoin`s problem.
There are altogether 21 million Bitcoin, 95% of which is already in circulation. No problems there. Many people hold different amounts of bitcoins, on exchanges, in private wallets, you name it and no problem there either.
Then why do I think Bitcoin will be worthless?
Well let me detail it to you.
Bitcoin price is dependent of demand and supply, which is the basic economic tendency for the last few hundred years, which is fine, the problem will be you and me.
Surprised?
Don`t be.
Why?
Let`s see why!
Since big companies are staking Bitcoin like there will be no tomorrow, hence driving the price even higher than it is today, less and less coins will be available for You and me.
You`ll probably say at this point….”Ahhh….c`mon….there is plenty out there, people always sell and buy, there is no way this will happen…”
When institutions are buying into something, they want monopoly on that asset to control supply, hence control price actions and profit from it, that is a normal thing, and everybody who is sane and has a little financial education, would do the same.
Now imagine, coin by coin, fraction by fraction, all the 21 million bitcoins ends up in institutions, in different forms, coins, ETF`s, securities or other financial assets, which are sold to the general public, of course with the promise of a good yearly return.
You`d still say at this point….”…This is a worthless article, this guy is crazy…”
Well I`d say, you are probably right, but since I wouldn’t buy Bitcoin at 500k USD, or 1 mil USD, so does other few million or maybe billion people on this planet, and because of crypto volatility I wouldn`t buy ETF`s or other financial products that have crypto in their package….well you`ll get the idea.
Now imagine all the owners holding altogether 21 million Bitcoins, which no one wants…well, you do the math how fast will the price of bitcoin crash and what will be the consequence of that crash, if not even the institutions that hold crypto will want to buy it from each other for the market price.
Reigniting Bitcoin interest will have to be done (and I presume that was exactly Satoshi`s purpose for creating bitcoin, start from 0 reach max value, reset, then start again), but usually anyone sane who get burned from the stove will not touch it again, so times will be hard on bitcoin.
At this point, You`ll say….”…Hmm…well…ahhh…maybe…. can this happen anytime soon? Or can it happen at all?”
The crypto world is dependent of you and me. Period! Without us, there is no crypto market.
Well dynasties, civilizations had fallen in time because of one thing and one thing only…..greed….
At this point…hmm. Is it even possible?
It is possible, because holding something that you cannot benefit of, and I mean you only benefit from Bitcoin if you sell it for cash, is “pure madness”.
Therefore, even if the crypto hype has kicked in, and everybody suddenly has become an “investor”, without a proper financial education, being inert to the risks taken by wondering in the forest of the crypto world, nothing is impossible at this point. In addition, at one given time, everyone will sell their fraction of bitcoin, which guess what; institutions will have the money to buy, regardless of the current market price…
Briefly, Bitcoin has no real world use, it is where it is, because it is the first of its kind, people still have the FOMO feeling towards it, but when this feeling is met with reason because it’s astronomic price, you and me will not be interested anymore… and the roller-coaster starts.
Well enjoy the ride…
This is not a financial advice; it`s based on many hours wondering in the crypto news labyrinth and reading other predictions, opinions and cautious messages, and is the opinion of the author. Crypto market is very volatile; therefore take cautious actions if you want to invest in it. Before investing, make your own research or seek financial advice.
The post When Bitcoin will be worthless! appeared first on News, Events, Advertising Options.
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Switzerland is set to host the highly anticipated Swiss WEB3FEST Winter Edition 2025, an unparalleled event series on innovation, investments and collaboration within the WEB3 ecosystem. Organized by Inacta Ventures, the event will unfold across iconic Swiss locations: Zug, Zurich, St. Moritz, and Davos, from January 13 to January 24, 2025.
Proudly titled in partnership with BitcoinOS, this event series promises to unite global leaders, investors, startups, and enthusiasts under one mission: unlocking the transformative potential of WEB3 technologies. Bitcoin is evolving beyond digital gold to become the foundation of a new economy. Innovations like those from BitcoinOS enable fast transactions, smart contracts, and decentralized applications, positioning Bitcoin as a key driver of the WEB3 revolution.
What is the WEB3FEST?
WEB3FEST is a global conference series focused on technology and innovation in AI, Blockchain and Sustainability. It serves as a vibrant hub where companies across the value chain – from agile startups to international corporations – converge to share ideas, build networks, and shape the future of the industry.
The Swiss WEB3FEST Winter Edition is taking place across Zug, Zurich, St. Moritz, and Davos during the World Economic Forum. It is designed to explore specific topics each day, connect the thriving Crypto Valley and Crypto Oasis ecosystems, and bridge diverse regions through meaningful collaboration. Attendees will have the opportunity to engage with thought leaders, pioneers, and visionaries in the blockchain space, fostering an environment of innovation and networking. Now in its 5th edition and the 2nd Winter Edition, WEB3FEST continues to be an important cornerstone for those looking to connect with global stakeholders, investors, and innovators in the world of Web3.
At the heart of this transformative event is BitcoinOS, whose groundbreaking advancements in Bitcoin technology redefine possibilities in Blockchain. Participating organizations such as aeternity Foundation, The Hashgraph Association, DFINITY Foundation / Internet Computer, Solana Foundation, Ledger, and Multibank.io add to the event’s relevance, reflecting its global influence and comprehensive approach to WEB3 innovation.
The investor events are co-created with Ordway Selections, a private investment office from Switzerland, to connect the participating early-stage investors, VCs and private equity institutions with outstanding investment opportunities.
Event Highlights
January 13, 2025
Kick-Off Night – Launch Swiss WEB3FEST with a dynamic networking evening at SHED Zug.
January 14, 2025
The Green Block Talks – Explore sustainability in AI and WEB3 at Trust Square, Zurich.
January 15, 2025
Crypto Valley Afterwork – Engage with innovators over cocktails at SHED Zug.
BitcoinOS Investor Dinner – Discover BitcoinOS’s vision and connect with top blockchain investors at SHED Zug.
January 16, 2025
Crypto Valley Afterwork – Enjoy informal networking at Pavarotti Wine Bar, St. Moritz.
January 17, 2025
WEB3 Talks – Gain insights from thought leaders at the Kempinski Hotel, St. Moritz.
WEB3 Investor Dinner – Celebrate Crypto Valley with an exclusive show & dining experience at Billionaires Restaurant, St. Moritz.
January 18, 2025
WEB3 Investor Circle – Network in the serene mountain setting of El Paradiso, St. Moritz.
January 21, 2025
WEB3 Investor Circle – Connect with investors during a private dinner in Davos.
January 22, 2025
WEB3 Talks – Dive into blockchain insights and future trends at the House of Trust, Davos.
OnlyFriends Party – Connect with WEB3 leaders in a lively, exclusive setting also at the House of Trust.
January 24, 2025
Shark Island – Witness groundbreaking startup pitches in a live treasure hunt at SHED Zug.
Recap Night – Reflect on the festival’s highlights during the concluding night at SHED Zug.
Powered by BitcoinOS
As the title partner, BitcoinOS is revolutionizing Bitcoin by bringing fast, secure transactions, smart contracts, and modern applications to the world’s most trusted blockchain. Their pioneering work includes the first verification of a zK proof on Bitcoin and numerous high-profile integrations with platforms like Cardano, Merlin, and BSquared. BitcoinOS’s innovations position it as a cornerstone of the WEB3 revolution and a driving force behind the success of WEB3FEST.
BitcoinOS’s vision aligns perfectly with WEB3FEST’s goal of fostering innovation and creating impactful connections across the blockchain ecosystem. By showcasing Bitcoin’s expanded capabilities, BitcoinOS emphasizes its role in shaping the next chapter of WEB3 development.
The post Swiss WEB3FEST Winter Edition 2025 appeared first on News, Events, Advertising Options.
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