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Market News

Sui Launches First SuiHub in Dubai to Empower Web3 Startups

Dubai’s SuiHub supports local entrepreneurs with funding, expertise, and events to build decentralized applications on Sui’s blockchain.

Written By:
Ronak Kumar

Last updated: October 22, 2024 12:30 PM
Published 2024-10-22
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Sui Launches First SuiHub in Dubai to Empower Web3 Startups

Sui, a top-performing Layer 1 blockchain, has opened its first SuiHub in Dubai, collaborating with Ghaf Group, a leading blockchain partner in the MENA region. Located in Expo City Dubai, this hub aims to empower Web3 startup founders by providing essential resources, workshops, and technical support.

Dubai was chosen for this global initiative due to its vibrant tech ecosystem and commitment to blockchain innovation. The SuiHub will offer local entrepreneurs access to funding, expertise, and community events, helping them develop decentralized applications using Sui’s infrastructure.

Sui Opens First SuiHub in Dubai to Boost Web3 Development
Source: X

Kostas Chalkias, Co-Founder of Mysten Labs, emphasized that Dubai’s supportive regulatory environment makes it an ideal location for the first SuiHub. He noted that “we aim to empower local and regional developers to create decentralized applications that will have a global impact.” 

Feras Al Sadek, Co-Founder of Ghaf Group, expressed excitement about the collaboration, stating that it marks a significant milestone for their venture studio. Kristof Lukovich, CEO of SuiHub, highlighted the importance of collaboration, saying that the hub will foster synergies among talent, technology, and capital.

Feras Al Sadek, said, “The initiation of this innovative new resource for local builders and entrepreneurs represents a key milestone in the development of Ghaf’s venture studio arm.” 

The SuiHub will also support the upcoming Q4 accelerator program, nurturing promising startups. With a strong network of partners and previous initiatives like the AUS-Sui Blockchain Academy, Sui is committed to building a thriving ecosystem for blockchain developers.

Also Read: Sui Token’s Surge Triggers $400M Insider Selling Allegations

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Ronak Kumar- Crypto Journalist at The Crypto Times
By Ronak Kumar
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Ronak Kumar is a Crypto Journalist with over 3 years of experience covering blockchain, AI, finance, and emerging digital trends. With a background in Commerce (B.Com) and a Postgraduate Diploma in Management (PGDM), he combines business insight with a clear understanding of the evolving crypto space. His reporting has been featured in major publications, with his work cited by NDTV, Hindustan Times, and Outlook India on topics like Trump Memecoin, Bhutan’s crypto mining, and Barron Trump’s digital presence.

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