First Project to be incubated will be Marhaba DeFi project
Sheesha Finance a decentralized cryptocurrency mutual fund for DeFi investors to easily access a variety of projects has partnered with Blockchain Australia™, a Melbourne headquartered technology products and services company which excels in delivering world-class solutions based on distributed ledger technology (DLT). The partnership will enable Blockchain Australia to expand its incubation services by working mutually with Sheesha Finance in growing the DeFi industry to other global markets.
Due to a lack of resources and strategy, the DeFi industry boom comes with plenty of innovative ideas that fail to make it to the commercial market. Blockchain Australia and Sheesha Finance will work together to disrupt the incubation industry by decentralizing the business model, which is currently highly centralized. The collaboration will focus on verticals such as DeFi, NFTs, and cross-platform gaming, starting with their Ethical DeFi project, Marhaba.
“Sheesha Finance is a mix of a lot of flavors, with VC’s, advisors, and startup mentors from various verticals,” said Ralph Kalsi, Blockchain Australia CEO. “We are excited and very hopeful from this partnership, because this is a way to mutually benefit each other across markets and boundaries.”
“The partnership between Sheesha Finance and Blockchain Australia is a fantastic opportunity to grow blockchain around the world and continue to make quality DeFi projects available to investors,” said Saeed Hareb Al Darmaki, the founder of Sheesha Finance. “Blockchain Australia is committed to expanding DeFi globally, and we are excited to take this journey with them.”