Quick take:
- Brinc has teamed up with DMCC Crypto Centre to add to businesses covered by its accelerator program.
- The blockchain-based VC will allow DMCC members to access its $150 million fund.
- DMCC Crypto Centre members will also gain access to Brinc’s global network of innovative startups and business mentoring services from their new office in DMCC.
Brinc has teamed up with Dubai Multi Commodities Centre (DMCC) to onboard members of DMCC Crypto Centre to its accelerator program. The Animoca Brands-backed company will give members of DMCC access to its $150 million fund.
According to the announcement, DMCC Crypto Centre members will also gain access to Brinc’s global network of innovative startups from their new office in DMCC. The accelerator program seeks to support DMCC-based companies committed to companies building web3 and blockchain applications.
Commenting on the partnership, Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, of DMCC, said: “We are proud to be partnering with one of the world’s leading VC firms in this space and to meet the growing demand from our members to access funding, while also providing access to Brinc’s well-connected ecosystem. With so many global challenges occurring simultaneously, major businesses are focused more than ever on accessing state-of-the-art infrastructure within a comfortable working environment, which is exactly what DMCC strives to provide.”
The DMCC crypto Centre has provided a unique environment for crypto entrepreneurs, SMEs and multinationals to thrive. Since its launch in 2021, it has attracted more than 450 crypto firms making it the largest business centre for blockchain and web3 enterprises. Some of the companies operating from the centre are involved in web3 subsegments like gaming, financial services, and entertainment.
Web3 is generally described as the next generation of the internet, which leverages emerging technologies like artificial intelligence, decentralised applications, blockchain, and AR/VR to democratise the web through community-driven ownership mechanisms.
Manav Gupta, Founder and CEO of Brinc, commented: “The newly launched Dubai Metaverse Strategy aims to support over 40,000 virtual jobs by 2030; while Dubai’s plan to use cutting-edge technology to improve efficiency and sustainability vastly appeals to Brinc, whose mandate since inception has been to discover and enhance businesses that creatively solve global problems.”
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