DUBAI, May 8, 2023 - (ACN Newswire) - The UAE's crypto ecosystem continues to grow at an unprecedented rate, with over 1,800 organisations currently identified as of Q1 2023, according to the second edition of the Crypto Oasis Ecosystem Report. The report, developed in collaboration with the DLT Science Foundation and Roland Berger, one of the leading management consultancies, offers a comprehensive summary of the UAE's Blockchain evolution driven by Web3, cryptographic, and Blockchain technologies. Roland Berger also exclusively contributed with three thought leadership articles that are exclusively published in the report.

Highlights:

- Get an in-depth look at the world's fastest growing Blockchain ecosystem in the newly launched spring edition of the report at the Dubai FinTech Summit 2023

- The report provides a comprehensive breakdown of the ecosystem's main elements, including Governments & Associations, Startups & Projects, Investors & Collectors, Service Providers, Corporates, and Education & Research

- Of the total number of organisations, native ones make up 70.24% (1,270 organisations), while non-native ones account for 29.76% (538 organizations)

- The report was produced in partnership with the DLT Science Foundation, a global nonprofit organization newly established to bring together top academic institutions, industry leaders and developers to further society's adoption of DLT and other exponential technologies, and Roland Berger, the leading management consultancy with a strong expertise in Digital Assets, Web3 and Metaverse. Roland Berger exclusively published three thought leader point of views as part of the report

- Additionally, the report features an in-depth regional analysis of the UAE by leading blockchain data platform Chainalysis

The report, which was launched during the Dubai FinTech Summit organised by the Dubai International Financial Centre (DIFC), highlights that more than 8650 professionals currently work in organisations within the Crypto, Blockchain, Metaverse, and Web3 Ecosystem of the UAE, representing a 4.2 percent increase from Q4 2022. The report is divided into six parts, including Governments & Associations, Startups & Projects, Investors & Collectors, Service Providers, Corporates, and Education & Research.

Native organisations account for 70.24% (1,270 organisations) of the total number, while non-native organisations account for 29.76% (538 organisations). During Q1 2023 alone, over 150 new organisations were identified, bringing in more than 350 new professionals to the thriving ecosystem. Approximately 72.8 percent (roughly 6,301) of these individuals work for native Blockchain organisations, while the remaining 27.2 percent (approximately 2,350) work for non-native companies.

"The second edition of the Crypto Oasis Ecosystem Report is a valuable resource for anyone interested in the Web3 space and will be an essential tool for policymakers, investors, and entrepreneurs looking to navigate the rapidly evolving landscape of blockchain technology," said Saqr Ereiqat, co-founder of Crypto Oasis. "The report is a result of comprehensive research undertaken by the Crypto Oasis Research team, which involved an in-depth analysis of the UAE Web3 Ecosystem."

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