1,450+ Organization Identified in the UAE Web3 Space, Crypto Oasis Ecosystem Report 2022 Shows

Crypto Oasis, the fastest growing Web3 ecosystem in the world, announced that it had identified more than 1,450 active Web3 organizations in the UAE at the end Q3 2022. The research also identified more than 7,000 individuals working in the industry. 

The organizations that are active in the Blockchain space are broken down into native and non-native according to their dependency on this emerging technology. native organizations, which only exist because of this technology account for 65 percent of the total number identified and non-native organizations are at 35 percent. Dubai Multi Commodities Centre(DMCC) has registered more than 460 native organizations which is more than 50% of all native Blockchain organizations in Dubai.

Out of the 7,000+ individuals working in the Web3 industry, approximately 77 percent work in Blockchain native organizations and 23 percent work in non-native organizations.

The Crypto Oasis Ecosystem Report is a periodic report which is now on its inaugural edition and  was created in partnership with Roland Berger, one of the first top-tier strategy consulting firms to have entered the world of Blockchain and is steering their global Crypto Economy advisory out of the UAE.

The Report focuses on market development and emerging technologies such as Crypto, Blockchain, Metaverse and  Web3. It establishes the first quantitative and qualitative ecosystem study of the Crypto Oasis Ecosystem and identifies its various stakeholders. It includes, a dive into the opportunity that Web3 represents for the region, has exclusive content such as the insights on one the largest greenfield mining sites in the world being carried out by Phoenix in Abu Dhabi, as well as survey results by Roland Berger, that assesses the state of the global Crypto Economy for which they collected insights from over 150 C-level executives and innovators across 10 industries.

“We strongly believe in the transition towards a crypto economy and see this reflected in the top C-Level executive agendas. The UAE is accelerating its global position as a Crypto and Web3 hub, also thanks to prime ecosystem developers like Crypto Oasis” says Pierre Samaties, Partner and global co-head of the firm's Crypto economy team.

The UAE is uniquely positioned to play a leading role in the global innovation economy. The growth of the Crypto Oasis Ecosystem will continue in the coming months as we can already  witness how regulators in the region are welcoming innovation and disruption, making it simpler for Blockchain-related companies to secure licenses and operate. 

Ralf Glabischnig, Founder of the Crypto Oasis, said, “We are pleased to see the UAE supporting forward-thinking organizations such as startups, service providers, investors, as well as science and research institutions in the Web3 space. We also have industry leading stakeholders like ADGM, DIFC, DMCC, Simmons and Simmons, State Street featured in our report which will provide the audience with a deeper insight into industry trends as well as educate and inform the reader of this ever growing and evolving ecosystem. Through the report, you are provided with a snapshot of the Ecosystem, which will help set the baseline from which growth can be identified in the following years as the Crypto Oasis becomes a centre of Blockchain excellence.”

Crypto Oasis catalyses the growth of organizations in the Crypto space and brings together Investors, Start-ups, Corporates, Researchers, Service Provider, and Government entities. It aims to advance the digital economy in the Middle East and bring distributed ledger technologies to the mainstream. 

Faisal Zaidi, Co-founder and CMO of the Crypto Oasis ,stated, “Our role is to curate the Crypto Oasis Ecosystem and our goal is to bring all stakeholders together on one playing field to assert the region as the leading global player in Web3.”

He added, “The Crypto Oasis Directory and the launched report, are tools that we have developed and created in-house and  published, in order to create transparency and awareness of this emerging region.”

The report also contains insightful thought leadership articles from major players in the industry like 4ARTechnologies, Pulse, Ripple, Securrency, Singularity DAO, TDEFI, Tokengate, Virtua to name a few.