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RAK Digital Assets Oasis (RAK DAO), the UAE’s leading free zone for digital assets companies, has announced the launch of its inaugural accelerator program, Builder’s Oasis. With a funding pool of $2 million, the program is designed to support Web3 startups in the gaming, AI, and blockchain infrastructure sectors.

The initiative aims to attract over 150 global applicants, with high-potential startups to be shortlisted. Selected participants will be eligible for $100,000 in funding from XDC, along with guidance from RAK DAO’s network of ecosystem partners. By providing tailored resources for blockchain startups, the accelerator seeks to drive meaningful advancements in decentralized technologies while fostering innovation in the MENA region.

Applications for Builder’s Oasis will remain open until the end of February 2025, after which shortlisted teams will be invited to exclusive demo days in Dubai and Ras Al Khaimah. These events will culminate in a final showcase ahead of TOKEN2049 in April. In addition to funding, mentorship, and hands-on support, participating startups will gain unmatched visibility among global industry leaders, investors, and stakeholders.

Luc Froehlich, Chief Commercial Officer of RAK DAO, stated:

"Having worked closely with startups across the globe, I’ve witnessed how resources and mentorship can transform raw ideas into industry-shaping solutions. By providing funding, fast-track licensing, and a supportive community, we’re paving the way for blockchain, AI, and gaming ventures to flourish in Ras Al Khaimah and beyond. Our vision is to create a global nexus of forward-thinking founders who aren’t just building projects but defining the future of decentralized technology."

The program is co-coordinated by XDC Network, a leading blockchain platform focused on real-world applications in trade finance and tokenization. This collaboration underscores both entities' commitment to fostering a global blockchain innovation ecosystem, leveraging their strengths to help founders bridge the gap between ideation and market readiness.

Ritesh Kakkad, Co-founder of XDC Network, commented:

"At XDC Network, we’ve always believed in the power of pragmatic, real-world adoption for blockchain. ‘Builder’s Oasis’ aligns perfectly with our focus on delivering tangible solutions that bridge traditional finance and decentralized systems. Through this accelerator, we aim to empower startups to push boundaries—whether it’s in trade finance, tokenization, or next-generation gaming."

Builder’s Oasis offers a range of benefits, including fast-track licensing, reduced setup costs, and seamless incorporation within RAK DAO. Startups will receive tailored guidance on business setup, compliance, and market strategies, ensuring they are well-equipped to navigate the complexities of launching a venture. Additionally, participants will gain access to a vibrant network of investors and collaborators, opening doors to capital and strategic partnerships.

This accelerator marks a pivotal step in RAK DAO’s mission to nurture forward-thinking startups while positioning the region as a hub for digital innovation. Through its partnership with XDC Network, Builder’s Oasis aims to equip emerging Web3 ventures with the resources, mentorship, and regulatory clarity needed to make a global impact.

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