Singapore — September 18, 2024 — Web3Port, a global leader in Web3 acceleration, today announced its latest global expansion with a formal entry into the Middle East market. Through a series of strategic partnerships and investments, Web3Port is further advancing the development of the Web3 ecosystem. This announcement includes the establishment of the UAE VC Alliance, a collaboration with Klickl, and a deep partnership with Royal Prestige Group (RPG). These initiatives mark Web3Port’s significant presence in the Middle East and underscore its firm commitment to supporting global Web3 project innovation.

Establishing the UAE VC Alliance to Drive the New Economy in the Middle East

Web3 technology is rapidly evolving worldwide, and the Middle East and Africa (MEA) regions, as emerging markets, show tremendous growth potential. The UAE, with its strategic geographic position, open economic policies, and strong support for innovative technologies, is increasingly becoming a crucial hub for the Web3 ecosystem.

To foster the long-term development of the Web3 ecosystem in the Middle East, 19 leading global investment institutions, united by a shared vision for the future of the region, have formed a strategic VC alliance. The goal is to leverage their collective resources and expertise to drive the deep integration of Web3 technologies in the region and explore the industrial layout of the new economy.

The VC alliance includes the following members:

• Alpha Square Group
• Animoca Brands
• C1 Fund
• CEiC
• Comma3
• EVG
• Hashkey Capital
• Jacobi Asset Management
• Klickl Capital
• Mai Capital
• NGC
• Polychain
• Polygon
• Royal Prestige Group
• Satori Research
• Summer Capital
• Trend Investment
• V2 Capital
• Web3Port

These top global institutions will collaborate within the alliance to drive Web3 innovation in the Middle East, providing comprehensive financial support and industry guidance to startups, fostering the incubation and growth of innovative projects.

Strategic Expansion in the Middle East: Launch of Web3Port UAE

As a crucial part of its global strategy, Web3Port has officially launched Web3Port UAE. Through close cooperation with local governments, private enterprises, and the extensive Web3 community, Web3Port aims to accelerate the innovation and development of local projects and help build the infrastructure supporting the region’s Web3 ecosystem.

Web3Port stated: “The Middle East is quickly becoming a global hub for Web3 innovation, and we are eager to be a key driver in the region’s flourishing Web3 ecosystem. The establishment of the UAE VC Alliance with 19 VC partners is a powerful initiative, pooling resources to support Web3 innovation in the Middle East and offering a vital bridge for global Web3 projects entering the region.”

Strategic Partnership with Klickl: Payment Solutions and Industry Applications

Web3Port has announced a strategic partnership with Klickl, a well-known payment and blockchain service provider. Klickl brings extensive experience in the payment sector and blockchain technology applications. Together, Web3Port and Klickl will provide innovative payment and financial solutions for the Web3 industry. The two partners will explore new use cases and drive the adoption of blockchain technology in the payment and financial sectors, accelerating its global market integration.

Deep Collaboration with RPG: Localization and Innovation

As a key part of its Middle East strategy, Web3Port has announced a deep collaboration with the UAE-based Royal Prestige Group (RPG). RPG’s leadership and innovation across sectors such as technology, real estate, biotechnology, energy, and finance align closely with Web3Port’s vision. Through this partnership, Web3Port and RPG will work together to penetrate the local Middle Eastern market, advancing Web3 technology across various key industries and supporting the rapid growth of local startups. RPG’s global resources and influence will also bring more international opportunities to Web3Port, further enhancing its global competitiveness.

About Web3Port

Web3Port is a global leader in Web3 project acceleration, offering end-to-end services including strategic consulting, financial advisory, PR, and marketing. Since its founding in 2021, Web3Port has accelerated nearly 3,000 projects worldwide, providing comprehensive support and resources to Web3 startups through its global partnership network. Committed to driving Web3 project success in a competitive market, Web3Port uses an innovative funnel model and a global support system. Web3Port launched Web3Port Labs in 2021 and Web3Port Foundation in 2024.