Home web3.0 Sui Launches 'Incubator' Hub in Dubai for 'On the Spot' Solution Engineering

Sui Launches 'Incubator' Hub in Dubai for 'On the Spot' Solution Engineering

Oct 21, 2024 pm 09:56 PM
Dubai Incubator Solution Engineering

The hub is in collaboration with Ghaf Group, a blockchain firm in the region.

Sui Launches 'Incubator' Hub in Dubai for 'On the Spot' Solution Engineering

Blockchain developers and entrepreneurs now have an incubator hub in Dubai, thanks to the Sui blockchain. One of the founding developers shared this news in an interview with CoinDesk.

Kostas Chalkias, who is originally from Greece, is the co-founder and chief cryptographer at Mysten Labs, the entity that developed the Sui network. He relocated to Dubai from California and is aiming to bring an army of solution engineers to the region.

"Like Leonidas, the Greek war hero, we are bringing an army of developers and if it is super successful in the very first month we will probably make it like Leonidas' 300," said Chalkias. "Initially, we are bringing a small army but with big brains."

Chalkias envisions a scenario where a government entity might need a blockchain-based solution to a problem. Instead of spending days to create the solution, this hub would be able to build the solution as a smart contract more or less on the spot.

"When you're preaching an idea we will be able to sit down for two hours and build the proof of concept there. No other blockchain can do a POC on the spot. This hasn't happened before," Chalkias said.

The hub is being set up in collaboration with Ghaf Group, a blockchain firm in the region.

This Dubai hub will be the first in a global series of hubs, the entity announced.

Dubai has been attracting the Web3 community with clear regulations and licensing processes, which has seen crypto exchanges like Binance, Crypto.com and OKX win approvals this year.

"UAE is top for deals in the Middle East and North Africa, but not the actual development," said Chalkias. "The vision is to be the heart of hackathons and implementation even in Dubai." Initially, the hub would be hoping to help the government with digitalization, he added.

The Sui network, which was built by former Meta (META) employees, including Chalkias, outpaced the likes of Cardano, Near and Aptos in terms of total value locked (TVL) in February this year. For some, Sui has emerged as the chosen blockchain over Solana.

"We are building solution engineering here in Dubai," said Chalkias. "We want to invest in the region. We want to bring engineering capacity. I am bringing solution engineers. I want to run hackathons every month in Dubai where we don't sleep for three days.

The above is the detailed content of Sui Launches 'Incubator' Hub in Dubai for 'On the Spot' Solution Engineering. For more information, please follow other related articles on the PHP Chinese website!

Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Tools

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

Hot Topics

Java Tutorial
1664
14
PHP Tutorial
1268
29
C# Tutorial
1243
24
OM Mantra Cryptocurrency Crashes 90%, Team Allegedly Dumps 90% of Token Supply OM Mantra Cryptocurrency Crashes 90%, Team Allegedly Dumps 90% of Token Supply Apr 14, 2025 am 11:26 AM

In a devastating blow to investors, the OM Mantra cryptocurrency has collapsed by approximately 90% in the past 24 hours, with the price plummeting to $0.58.

Nasdaq Files to List VanEck Avalanche (AVAX) Trust ETF Nasdaq Files to List VanEck Avalanche (AVAX) Trust ETF Apr 11, 2025 am 11:04 AM

This new financial instrument would track the token's market price, with a third-party custodian holding the underlying AVAX

TrollerCat ($TCAT) Stands Out as a Dominant Force in the Meme Coin Market TrollerCat ($TCAT) Stands Out as a Dominant Force in the Meme Coin Market Apr 14, 2025 am 10:24 AM

Have you noticed the meteoric rise of meme coins in the cryptocurrency world? What started as an online joke has quickly evolved into a lucrative investment opportunity

Zcash (ZEC) Reaches a High of $35.69 as a Record Amount of Tokens Move Out of Circulation Zcash (ZEC) Reaches a High of $35.69 as a Record Amount of Tokens Move Out of Circulation Apr 09, 2025 am 10:36 AM

Zcash was one of the top gainers during the latest market rally, reaching a high of $35.69 as traders moved a record amount of tokens out of circulation.

Is Wall Street Quietly Backing Solana? $42 Million Bet Says Yes Is Wall Street Quietly Backing Solana? $42 Million Bet Says Yes Apr 10, 2025 pm 12:43 PM

A group of former Kraken executives acquired U.S.-listed company Janover, which secured $42 million in venture capital funding to begin building a Solana (SOL) treasury.

The Crypto Market Has Witnessed a Rebound Following the Recent Sheer Downturn The Crypto Market Has Witnessed a Rebound Following the Recent Sheer Downturn Apr 13, 2025 am 11:40 AM

The crypto market has witnessed a rebound following the recent sheer downturn. As per the exclusive market data, the total crypto market capitalization has reached $2.71Ts

As Fear Drives Selling, BlockDAG (BDAG) Stands Out from the Crowd As Fear Drives Selling, BlockDAG (BDAG) Stands Out from the Crowd Apr 13, 2025 am 11:48 AM

As fear drives selling in the crypto market, major coins like Cardano and Solana face tough times.

Bitcoin (BTC) Has Outperformed Ethereum by Over 85% in Realized Market Cap Growth Bitcoin (BTC) Has Outperformed Ethereum by Over 85% in Realized Market Cap Growth Apr 11, 2025 am 10:12 AM

Bitcoin (BTC) has outperformed Ethereum by over 85% in realized market capitalization growth, according to data provided by on-chain analytics platform Glassnode on April 10.