Bybit announces strategic collaboration with Ghaf Labs, the Web3 consultancy and advisory firm. This collaborative effort is designed to accelerate the adoption of Web3 technologies. It places a heavy emphasis on building overall ecosystem development across the entire Middle East and North Africa (MENA) region. This collaborative endeavor aims to bridge the gap between traditional and decentralized finance. It cements the region’s status as a top global destination for Web3 innovations.

The collaborative will focus on five major initiatives. These would range from co-developing educational content and accelerating the region’s event scene to driving the most impactful use cases for blockchain technology. By combining Bybit's extensive resources and Ghaf Labs' regional expertise, the collaboration is poised to make a significant impact on the Web3 landscape in the MENA region.

Strengthening Web3 Infrastructure and Education

Ghaf Labs, a wholly-owned subsidiary of Ghaf Capital Partners, focused on delivering customized advisory and incubation services to Web3 ventures. The firm offers market intelligence and business development support to accelerate the growth of MENA-based Web3 projects. Further, it provides regulatory guidance and community-building support to increase their visibility and adoption.

Our new partnership with Bybit will further strengthen these initiatives, especially in the key area of education. The two organizations are collaborating to produce educational materials in Arabic and English. Their ambition is to increase Web3 literacy across the region. This program seeks to equip the public and policy makers with the tools and understanding necessary to thrive in a rapidly changing, increasingly digital environment.

"This partnership with Bybit reflects our shared commitment to advancing Web3 infrastructure, education, and institutional engagement across the MENA region. Together, we aim to accelerate innovation and continue to position the UAE as a global hub for digital assets." - Feras Al Sadek, Co-Founder and Managing Partner at Ghaf Labs

Elevating the Regional Event Scene

As part of this relationship, plus other educational efforts passed between the two, Bybit and Ghaf Labs will team up to boost the regional event space. You’ll get to co-brand key events such as The Crypto Polo Cup and Crypto Fight Night. This strategy increases their visibility and impact immensely.

These events will be opportunities to connect, learn, share Web3 solutions, and more. By uniting industry leaders, investors and enthusiasts, the partnership seeks to develop a dynamic and engaged ecosystem.

Driving Crypto Adoption and Real-World Utility

Bybit, founded in 2018, has grown to become the world's second-largest cryptocurrency exchange by trading volume, serving over 70 million users globally. Today, the exchange is widely regarded for its industry-leading secure custody, dynamic marketplaces, user-friendly experience, and cutting-edge blockchain tooling.

Bybit’s collaboration with Ghaf Labs helps accelerate this mission. Together, they share a vision to create a more understandable, interoperable, and accessible environment for all participants in the decentralized web. Bybit's resources and Ghaf Labs' regional expertise will be used to drive crypto adoption and real-world utility across the MENA region. The collaboration aims to bring greater regulatory clarity to the space, allow for the development of innovation, and make blockchain technology a seamless part of everyday life.

"Our partnership with Ghaf Labs is rooted in a shared vision for the MENA region — one where crypto isn't just adopted, but lived," - Helen Liu, COO and Partner of Bybit