- DMCC will use the infrastructure solutions from Enya Labs to scale its Web3 business through Boba Network, which is a smart contract platform that enables Web2 and Web3 interoperability.
- Boba Network is designed to help companies adopt Web3 technologies to develop highly efficient dApps, and it provides capabilities for smart contracts running on many blockchain networks.
- The DMCC Crypto Center has the largest ecosystem for Web3 and related technologies in the region and is rapidly increasing the number of its members.
Enya Labs, the core contributor to the hybrid blockchain Boba Network, announced that it has partnered with DMCC, one of the major free zone actors globally. DMCC will leverage existing infrastructure solutions from hybrid blockchain solutions provider Enya Labs.
Boba Network – A Platform for Cutting-Edge Decentralized Apps
Boba Network is an advanced platform that enables companies adopting Web 3.0 technologies to develop highly efficient dApps. In addition to Ethereum, Boba Network, which provides capabilities for smart contracts running on many blockchain networks such as Avalanche and Moonbeam, has developed Hybrid Computing technology, which is an intermediary for moving off-chain data to dApps.
Boba Network is also the only smart contract platform that enables Web2 and Web3 interoperability. Thanks to its Layer-2 scaling solution, it can reduce transaction costs up to one in 100.
Enya Labs, a key contributor to the Boba Network, was founded by a team of Standord faculty alumni. Specializing in application development and distributed systems engineering, the team enables businesses to improve business efficiency by using hybrid blockchain solutions effectively.
Crypto Center members looking to scale their Web3 business will now use Boba Network for their technical support and access needs. Enya Labs will also offer additional support to members through its mentoring program and DMCC Crypto Academy. With over 550 members, the DMCC Crypto Center can ignite the growth of Boba Network with its large community.
Alan Chiu, CEO and co-founder of Enya Labs, commented: “The DMCC Crypto Centre is a mature environment with many high-potential projects being developed on a daily basis. As such, this partnership with DMCC will allow us to bring new and exciting web3 companies onto Boba Network as it continues to expand globally.”
What’s Happening at DMCC Crypto Center?
The center, which has the largest density of blockchain and Web 3.0 businesses in the region, is rapidly increasing the number of its members. With the largest ecosystem for Web 3.0 and related technologies, the center has everything entrepreneurs need to build and scale their organizations. Crypto Center’s partners include companies such as DWF, TDeFi, and Brinc.
Ahmed Bin Sulayem, DMCC CEO and Executive Chairman, said: “The ability of the DMCC Crypto Centre to attract such high-profile and impactful players in the web3 space is a true testament to the thriving ecosystem that we have created.”