Key Highlights:

- 8,300+ individuals currently work in organisations in the Crypto, Blockchain, Metaverse and Web3 Ecosystem of the UAE, 18.6 percent more than Q3 2022

- Native organisations account for 68.2 percent (1,126 organisations) of the total number and non-native organisations are 31.8 percent (525 organisations)

- The goal for the end of 2022 was to identify 1,500 organisations and it has been surpassed by a commendable margin

DUBAI, UAE, Jan 18, 2023 - (ACN Newswire) - Crypto Oasis, the fastest growing Blockchain Ecosystem in the world has now surpassed their goal of identifying 1,500 organisations in the Ecosystem by the end of 2022. As of 31st December, there were over 1,650 organisations and the ecosystem has been growing faster than previously anticipated.

The Ecosystem has witnessed a sturdy 13.8% growth that proves that the Crypto Oasis is expected to continue its robust growth in the coming months as regulators in the region welcome innovation and disruption, making it easier for blockchain-related companies to secure licences and operate. At the forefront of this is Dubai Multi Commodities Centre(DMCC) which is home to over 500 of these native Blockchain organisations, representing the largest concentration of crypto and blockchain companies in the Middle East and North Africa (MENA) region.

Crypto Oasis has added 200+ new organisations in Q4 2022 that have brought in 1,300+ new professionals to the burgeoning Ecosystem, bringing the total number of individuals working in this industry to 8,300+. This 19% growth in employment numbers can be attributed to the UAE being a force to reckon with in the global Blockchain landscape. 78.2 percent (approx. 6,500) of these individuals work in native blockchain organisations, i.e. those which are focused on blockchain and related decentralised technologies. 21.8 (approx. 1,800) percent work for non-native companies, i.e. those that offer blockchain related services or products but do not have blockchain as their primary focus.

Ralf Glabischnig, Founder of Crypto Oasis, stated, "We're thrilled to have identified these new organisations in our ecosystem that are contributing to a diverse community of stakeholders. The possibilities for Web3 technology are vast, from finance and supply chain management to gaming and social media. However, as it's a relatively new and emerging technology, its full potential hasn't been reached yet and the industry is facing challenges such as scalability, security, and user adoption. It's an exciting and rapidly evolving field to watch and we're eager to collaborate and learn from each other as we work to improve Web3 and decentralised technologies."

The Crypto Oasis supports blockchain and Web3 organisations to access resources and expertise that can help them navigate the complex and rapidly evolving landscape. In addition, joining the ecosystem gives them the opportunity to network with potential partners and customers, and to showcase their work to a wider audience.

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