Aptos foundation has decided to open a new office in Abu Dhabi’s prime location. According to the network’s official announcement on December 11th, Aptos Foundation, a global blockchain firm, announced the opening of a new office in ADGM, the premier international financial hub in Abu Dhabi.
The opening of the new office comes as Abu Dhabi and the entire middle east has been pacing up their operations to ride on the crypto boom and become a global hub.
Aptos Aims At Global Expansion With New Abu Dhabi Office
With the commencement of the new office location, the Aptos Foundation’s regional activities will be centered at the Abu Dhabi office, which will support projects aimed at expanding the Aptos ecosystem and cultivate partnerships.
According to the platform, Aptos Foundation’s goal to create a strong global blockchain ecosystem has been reached with this calculated expansion.
“The UAE is leaning hard into Web3, and that has made the region—and Abu Dhabi specifically—a clear leader in blockchain worldwide,” said Bashar Lazaar, Head of Growth and Ecosystems at Aptos Foundation.
He adds, “We want to be at the forefront of that movement and help it grow as quickly as possible. This opening provides a unique opportunity for our team to learn from and connect on the ground with cutting-edge builders, institutions, and investors pushing the boundaries every day.“
Aptos To Mint Abu Dhabi’s Crypto Popularity In Future
In terms of blockchain and Web3 adoption, the UAE is one of the world’s most progressive markets, which is why Aptos has decided to keep its presence there.
The UAE has created an atmosphere that draws forward-thinking organizations and developers, bolstered by laws that aggressively support Web3 projects. By establishing operations in ADGM, the Aptos Foundation will have direct access to these progressive institutions and builders, opening up new avenues for cooperation and Aptos ecosystem growth.
Middle East To See Skyrocketing Rise in Blockchain and Crypto Adoption
According to a previous report by Unorypto, the MENA region is expected to lead the world’s cryptocurrency market in 2024, ranking seventh overall. It is anticipated that the region’s on-chain value will amount to $338.7 billion between July 2023 and June 2024, which represents 7.5% of the global transaction volume.
With 93% of all value transferred from transactions of $10,000 or more, institutional and professional-level activity is the primary driver of cryptocurrency activity in the MENA region.
Additionally, as the region’s cryptocurrency markets recover globally, governments are attempting to create regulatory frameworks that strike a balance between innovation and essential safeguards.