RAK FREE ZONE ATTRACTS NEARLY 400 FIRMS IN ONE YEAR, SETS SIGHTS ON GAMING INDUSTRY GROWTH

Ras Al Khaimah Digital Assets Oasis (RAK DAO), a free zone created for virtual asset companies, has attracted close to 400 companies in a year and is aiming to play a big role in the gaming industry, a senior official said on Friday. “In 12 months, we welcomed just shy of 400 companies, issuing licences to a diverse range of businesses in all the segments. Ras Al Khaimah Digital Assets Oasis is a global platform for the most exciting technology segments of our lifetime – artificial intelligence (AI), metaverse, blockchain, Web3, and many others shaping our future and of our children,” said Dr Sameer Al Ansari, CEO of RAK Digital Assets Oasis. Source: Khaleej Times