Odaily Planet Daily News: Verofax, a Web3 service provider headquartered in the UAE, announced the completion of a $3 million bridge financing. This round of financing was led by investors such as King Abdullah University of Science and Technology, Plug & Play Tech Center, Navig8 Group and Trove Capital UK. Other participants in this round of financing include Jawa Brothers Advisory, Alzamil Pedco CVC and Tracecore CVC. Verofax was founded in 2018 by Wassim Merheby and Jamil Zablah, using Web3 technologies such as augmented reality, blockchain and artificial intelligence to enhance the marketing experience of tourists, shoppers and brands. The newly obtained funds will be used to advance Verofax's projects in the Middle East and the European Union.