Bybit, one of the leading cryptocurrency exchanges, has partnered with a blockchain technology company. Together, Choueiri and Al Shafahi want to increase the adoption of Web3 technologies across the entire Middle East and North Africa (MENA) region. This partnership taps into the unique strengths of each organization. With you, we’ll raise awareness of and create opportunity for Web3 to be built into the fabric of the region. Through educational programming, equitable infrastructure improvements, and community outreach, the partnership will work to meet its ambitious goals.

The main objective of this partnership is to address the existing obstacles preventing Web3 implementation in MENA. These barriers consist of lack of awareness, access to resources and regulatory uncertainties. Bybit and its strategic partner are addressing these challenges directly. Most importantly, they are putting targeted programs in place to teach people–local governments, citizens and businesses alike–about the exciting potential benefits of Web3.

These programs will feature dynamic workshops, hands-on, online courses, and inspirational seminars. They’ll explore the depths of Web3, including blockchain technology, decentralized finance (DeFi), and non-fungible tokens (NFTs). The collaboration aims to develop a more robust Web3 infrastructure within the region. This means supporting growth-oriented capital projects to advance the scalability, security, and open access of our digital networks.

The collaboration will work hand-in-hand with communities to build an inclusive and dynamic Web3 ecosystem. That means curating meetups, hackathons, and other activities that connect developers, entrepreneurs, and makers. Bybit thinks the MENA region is fortified for a Web3 takeover. Its young, tech-savvy population and burgeoning interest in digital innovation provide an ideal climate for that growth.

Through this partnership, Bybit aims to position itself as a key player in the region's Web3 landscape, contributing to its growth and development. This partnership is a huge step forward for Web3 in the Middle East and North Africa. It expands access to new opportunities and pushes the frontiers of innovation further.