RAK Digital Assets Oasis (RAK DAO), a specialized free zone for digital asset companies in Ras Al Khaimah, UAE, has announced the launch of its inaugural accelerator program, Builder’s Oasis. The initiative aims to provide financial and strategic support to Web3 startups focusing on gaming, AI, and blockchain infrastructure.
With a dedicated funding pool of $2 million, the program is expected to attract over 150 global applicants. High-potential startups will be shortlisted, and selected participants will receive up to $100,000 in funding from the blockchain platform XDC. In addition to financial backing, participants will benefit from mentorship and access to RAK DAO’s extensive network of industry partners.
Applications for the Builder’s Oasis accelerator are open until the end of February 2025. Shortlisted teams will have the opportunity to present their projects at exclusive demo days in Dubai and Ras Al Khaimah, culminating in a final showcase ahead of TOKEN2049 in April 2025.
Luc Froehlich, Chief Commercial Officer of RAK DAO, highlighted the program’s potential impact, stating, “Having worked closely with startups across the globe, I’ve witnessed how resources and mentorship can transform raw ideas into industry-shaping solutions. By providing funding, fast-track licensing, and a supportive community, we’re paving the way for blockchain, AI, and gaming ventures to flourish in Ras Al Khaimah and beyond.”
Ritesh Kakkad, co-founder of XDC Network, emphasized the alignment between XDC’s vision and the Builder’s Oasis program, noting, “At XDC Network, we’ve always believed in the power of pragmatic, real-world adoption for blockchain. This accelerator program perfectly aligns with our mission to bridge traditional finance with decentralized systems, empowering startups to push the boundaries of innovation in trade finance, tokenization, and next-generation gaming.”
By fostering an ecosystem where blockchain and AI-driven innovations can thrive, RAK DAO continues to position Ras Al Khaimah as a leading hub for the future of decentralized technology.