The UAE’s Web3 Ecosystem – A 2024 Recap
summary
Over a third of the UAE population reports crypto ownership last year, with transactions hitting 30 billion USD and 500,000 daily traders, while app downloads top 3.5 million in January 2025; the UAE tests a CBDC and approves an AE stablecoin, and more than 23 licensed virtual-asset firms operate under VARA regulator rules. DMCC runs a Crypto, Gaming and AI Centers ecosystem, launches a DMCC Crypto Center metaverse digital twin, runs hackathons and helped members raise $155 million.
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chapters (11)
- 0:00UAE Web3 ecosystem intro
- 0:24Crypto growth and regulation 2024
- 2:10AI adoption in UAE
- 3:34Gaming sector expansion
- 4:17Web3 industry use cases
- 5:23DMCC metaverse demo
- 6:29DMCC tech centers
- 7:28DMCC member benefits
- 8:33VAR virtual asset regulation
- 9:16DMCC crypto funding success
- 10:00Web3 hackathon and Crypto Tower
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