Sui Launches 'Incubator' Hub in Dubai for 'On the Spot' Solution Engineering
- Barbara StreisandOriginal
- 2024-10-21 21:56:151030browse
The hub is in collaboration with Ghaf Group, a blockchain firm in the region.
Blockchain developers and entrepreneurs now have an incubator hub in Dubai, thanks to the Sui blockchain. One of the founding developers shared this news in an interview with CoinDesk.
Kostas Chalkias, who is originally from Greece, is the co-founder and chief cryptographer at Mysten Labs, the entity that developed the Sui network. He relocated to Dubai from California and is aiming to bring an army of solution engineers to the region.
"Like Leonidas, the Greek war hero, we are bringing an army of developers and if it is super successful in the very first month we will probably make it like Leonidas' 300," said Chalkias. "Initially, we are bringing a small army but with big brains."
Chalkias envisions a scenario where a government entity might need a blockchain-based solution to a problem. Instead of spending days to create the solution, this hub would be able to build the solution as a smart contract more or less on the spot.
"When you're preaching an idea we will be able to sit down for two hours and build the proof of concept there. No other blockchain can do a POC on the spot. This hasn't happened before," Chalkias said.
The hub is being set up in collaboration with Ghaf Group, a blockchain firm in the region.
This Dubai hub will be the first in a global series of hubs, the entity announced.
Dubai has been attracting the Web3 community with clear regulations and licensing processes, which has seen crypto exchanges like Binance, Crypto.com and OKX win approvals this year.
"UAE is top for deals in the Middle East and North Africa, but not the actual development," said Chalkias. "The vision is to be the heart of hackathons and implementation even in Dubai." Initially, the hub would be hoping to help the government with digitalization, he added.
The Sui network, which was built by former Meta (META) employees, including Chalkias, outpaced the likes of Cardano, Near and Aptos in terms of total value locked (TVL) in February this year. For some, Sui has emerged as the chosen blockchain over Solana.
"We are building solution engineering here in Dubai," said Chalkias. "We want to invest in the region. We want to bring engineering capacity. I am bringing solution engineers. I want to run hackathons every month in Dubai where we don't sleep for three days.
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