Ras Al Khaimah, one of the seven emirates in the United Arab Emirates, has launched a free trade zone for digital assets, toeing the path of Dubai and Abu Dhabi.
Called the RAK Digital Assets Oasis, the zone will be focused on incubating and supporting developments revolving around blockchain, metaverse, and artificial intelligence (AI). The new Web3 hub will form part of the city’s economic plan to pivot from tourism and oil.
The…
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