Ghaf Labs announces strategic partnership with Sui Foundation to foster Web3 expansion in the UAE
Ghaf Labs, a boutique consultancy and advisory firm specializing in web3 ventures, has announced its partnership with Sui Foundation, a Blockchain Foundation that supports the growth and proliferation of the Sui blockchain protocol and associated ecosystem. The strategic alliance aims to drive Sui Foundation’s expansion in the UAE and the MENA region, while fostering the growth of web3 adoption.
Established in 2019, Ghaf Capital Partners has become a pioneering player in the web3 investment space, with an impressive portfolio of 75 companies. With their extensive business background and strong exposure to traditional and blockchain-based industries, Ghaf Capital introduced Ghaf Labs in response to the growing demand from companies seeking exposure in the MENA region.
Ghaf Labs focuses on providing personalized attention to a select number of clients each year, ensuring that their unique needs and goals are met with precision and care. The consultancy also ensures that its clients do not compete with one another, fostering an environment of collaboration and mutual growth.
As part of the partnership, Sui Foundation will receive holistic support from Ghaf’s expertise and market insights. Sui Foundation aims to tap into the UAE region through university partnerships, discussions with regulators, organizing hackathons, and supporting local web3 projects. They will also participate in prominent web3 summits in the UAE for Q4, such as the Future Blockchain Summit, World Blockchain Summit, and Global Blockchain Congress.
In addition, Sui Foundation will host a monthly meetup in Dubai called “Sui Connect” to foster community building and stimulate the local ecosystem.
Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed to make digital asset ownership fast, private, secure, and accessible to everyone. Its innovative approach leverages Sui Move, a programming language tailored to address the challenges that traditional EVM poses for blockchain engineers in developing web3 enterprises. Sui’s speed and efficiency, combined with its secure blockchain storage capabilities, offer a robust and user-friendly solution for enterprises entering the web3 realm.
The partnership between Ghaf Labs and Sui Foundation marks a significant milestone in driving web3 adoption and innovation in the UAE and beyond. With Ghaf Lab’s experience and Sui Foundation’s support of cutting-edge technologies, the collaboration promises to unlock unprecedented opportunities and lead the next generation of web3 advancements.
Greg Siourounis, Managing Director at Sui Foundation, expressed enthusiasm about the partnership, stating that they are poised to ignite transformative advancements in web3 technologies, bringing Sui’s blockchain-based technologies to bear in addressing real-world challenges. Their shared vision aims to build a global decentralized web3 ecosystem based on advanced technologies, inclusive of all people.
In conclusion, the partnership between Ghaf Labs and Sui Foundation represents a significant step towards driving web3 adoption and innovation in the UAE and beyond. With their expertise and resources, the collaboration promises to unlock unprecedented opportunities and shape the future of web3 technologies.
