STATEMENT: CVTX enters the DMCC in Dubai, the global center of Web3

SEOUL, South Korea, Nov.

STATEMENT: CVTX enters the DMCC in Dubai, the global center of Web3

SEOUL, South Korea, Nov. 9, 2023 /PRNewswire/ -- Carrieverse has joined as an ecosystem partner of the Dubai Multi Commodities Center (DMCC), a crypto-economic free zone in Dubai, United Arab Emirates. Carrieverse received final approval for the establishment of its local affiliate within the DMCC in October and is now ready to expand to the Middle East (MENA) and the global Web3 ecosystem from the DMCC as its base.

DMCC is a Dubai government agency established under the leadership of President Ahmed, located in the city's Jumeirah Lake Towers district. It is the largest free trade zone in the United Arab Emirates, covering an area approximately 10 times the size of Pangyo in Gyeonggi Province, South Korea. It is home to more than 23,000 businesses, from startups to large enterprises, and has been consecutively recognized as the "Global Free Zone of the Year" by the Financial Times (FT) from 2015 to the current year.

Notably, the DMCC Crypto Center, established to promote the growth of the blockchain and crypto industry, is home to over 1,000 top-tier global Web3 companies, including Binance and Bybit. Zaher, director of the DMCC Crypto Center, stated that since 2015, they have introduced four types of licenses, including △Blockchain Service Providers △Metaverse Service Providers △OTC Crypto Trading △Crypto Mining. DMCC supports crypto companies in obtaining licenses and actively assists in their business expansion, including financing, incubation, P2P matchmaking, and collaboration opportunities with resident companies (traditional businesses).

Carrieverse has officially obtained the license to provide Metaverse services in this context. Additionally, through a commercial agreement, DMCC is registered as an official partner of Carrieverse, the issuer of the CVTX virtual asset. Carrieverse, through its collaboration with DMCC, now has the opportunity to establish cooperative relationships with more than 1,000 top-tier global Web3 companies located in DMCC, and is expected to gain momentum in terms of listings on global exchanges.

David Yoon, CEO of Carrieverse, who led this partnership, expressed his opinion and said: "DMCC has become a virtual asset hub, where recent Web3 companies and investors flock, benefiting from the active support of the government of "Dubai and the royal family. Carrieverse, the first official partner of DMCC among Korean Web3 companies, is expected to become a global company in this environment."

Carrieverse and DMCC plan to announce their partnership roadmap in the near future.

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