Dubai Municipality has announced an important decision to promote #Web3 and AI development. Specifically, Dubai will support 90% of commercial license costs for Web3 and AI businesses. This decision was announced by the technology center called Dubai Web3 and #AI Campus .

This decision promises to attract many businesses in the field to come here.

The licensing will be facilitated by the Dubai international financial center (DIFC). Businesses wanting funding support must fill out an application form.

Before Dubai Singapore had also expressed its desire to develop Web3 .

Nomura’s Laser Digital secures license in Dubai

#Dubai 's efforts aim to accelerate growth in the fields of Web3 and AI technology. The city has also taken important steps to embrace the cryptocurrency industry by issuing operating licenses to cryptocurrency exchanges.

Nomura's cryptocurrency division is called Laser Digital Middle East. The department recently received a license from Dubai's Virtual Assets Authority.

This license enables Laser Digital to provide a range of essential services in the emirate. These services include broker-dealer operations, investment services and virtual asset management.

By licensing cryptocurrency exchanges and promoting a supportive regulatory environment, Dubai demonstrates its forward-thinking approach and commitment to embracing the potential of virtual assets.

As the financial landscape continues to evolve, Dubai's proactive stance positions it as a prominent player in the digital assets industry, attracting businesses and driving innovation.