Le Lézard
Classified in: Science and technology, Business
Subjects: PDT, CXP

WEMIX Opens Abu Dhabi Office to Spearhead Growth in Fast-growing MENA Region

ABU DHABI, UAE, Jan. 31, 2023 /PRNewswire/ -- Korea's leading blockchain-based ecosystem developer WEMIX today announced the next step in its global expansion plans with the launch of its subsidiary in the Middle East and North Africa (MENA) region. Located in Abu Dhabi Global Market (ADGM) - a premier international financial centre known for its transparent and pioneering regulatory frameworks, business-friendly operations and well-established local and international strategic partnerships, WEMIX MENA LTD is expected to spearhead the growth of its operations amid major crypto and blockchain industry developments in MENA.

Wemix Officially Opens MENA Branch

"We are seeing increasing interest in cryptocurrency and blockchain as key business drivers from both the public and private sectors in Abu Dhabi and across the UAE. The launch of our operations in MENA is an important step for tapping into the momentum in this fast-growing region and will play a pivotal role in contributing to the expanding blockchain ecosystem." said Jason Kim, Director, WEMIX MENA LTD.

The MENA region is the world's fastest growing market in terms of crypto adoption[1], while Abu Dhabi, the capital of the United Arab Emirates, has also been actively focusing on expanding global blockchain business by implementing digital asset regulations in 2018 and introducing Abu Dhabi Global Market (ADGM).

The rapid growth in the game industry and positivity from the government toward blockchain business has made the city the top choice for global IT companies looking to expand their business in the MENA region. The city's growing stature was also boosted by the launch of the MEA & Asia Crypto & Blockchain Association (MEAACBA) in Abu Dhabi in November 2022[2]. The industry group is expected to help facilitate the development of accessible, transparent, and compliant crypto-blockchain ecosystems. Across the region, governments are also implementing pro-blockchain policies and looking to focus on digital innovation projects including blockchain-based business ecosystems and digital assets services.

"We aim to be an anchor for both Korean blockchain companies expanding into MENA as well as local government agencies, companies and brands in the UAE and across MENA which are interested in blockchain-related projects," added Kim. "This is just the first step for WEMIX in MENA, and there are plans to open additional offices in the region with potential locations like the UAE and Saudi Arabia."


WEMIX is a blockchain gaming platform developed by WEMIX Pte. Ltd, providing services that include a cryptocurrency wallet, decentralised exchange, NFT marketplace, WEMIX token staking programme and the game gateway. WEMIX Pte. Ltd. is a subsidiary of Wemade, the developer and owner of "The Legend of Mir" IP, a highly successful game with over 500 million users. For more information, visit www.WEMIXnetwork.com 

[1] Chainalysis, October 2022

[2] MEAACBA launch, November 2022


Photo - https://mma.prnewswire.com/media/1992714/MENA.jpg

Logo - https://mma.prnewswire.com/media/1867226/wemix_logo_Logo.jpg


These press releases may also interest you

at 22:22
The Honourable Sean Fraser, Minister of Immigration, Refugees and Citizenship, will make an announcement regarding updates to immigration measures for Ukrainians in response to Russia's illegal and unjustifiable invasion of Ukraine. Date: Wednesday...

at 22:13
Chinese machinery equipment maker Zoomlion Heavy Industry Science and Technology (Zoomlion, 000157.SZ) presented 22 products at CONEXPO-CON/AGG, North America's largest construction trade show, with signed deals and tentative deals totaling 600...

at 22:10
China-Russia relations have been injected with more substance as a new chapter for bilateral ties has been launched after Chinese President Xi Jinping arrived in Moscow on Monday to meet with his Russian counterpart Vladimir Putin.   Terming the...

at 22:00
Resume Blaze, LLC has launched a new resume-writing tool called Brain Mine, which uses advanced artificial intelligence technology to help job seekers create professional resumes quickly and easily. The tool simplifies the process of writing work...

at 21:51
China (Shenzhen) -Spain (Madrid) Economic and Trade Cooperation and Exchange Conference hosted by the Shenzhen Municipal People's Government was recently held in Madrid, the capital of Spain. The event witnessed signing of 13 cooperation projects in...

at 21:46
Jinjiang City in southeast China's Fujian Province will hold multiple industrial expos and sports events this year to inject new vitality and momentum into its high-quality economic and social development, revealed city officials at a press...

News published on 30 january 2023 at 23:30 and distributed by: