Fenix Games, UAE’s blockchain-powered gaming platform, raises $150 million

by WAYA Staff - Nov 27, 2022

Fenix Games raised $150 million from investors including Phoenix Group and Cypher Capital. The startup aims to create a publisher and platform company bringing blockchain games to market.

Fenix Games plans to acquire, invest and publish both existing games and blockchain games of the future using the funds raised.

The gaming publisher was founded in 2022 and seeks to build a portfolio of projects across the spectrum of Web 2.0 to Web 2.5 to Web 3.0 by publishing, acquiring, and investing in a variety of game genres.

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UAE on the moon: the Rashid rover is launching on November 30th

by WAYA Staff - Nov 27, 2022

According to the Mohammed Bin Rashid Space Centre, the UAE is set to launch its first mission to the moon on November 30, at precisely 12.39 UAE time, if weather conditions allow it. The Rashid Rover, which was built by...

Binance launches a proof-of-reserves system for its bitcoin holdings

by WAYA Staff - Nov 27, 2022

In a move to enhance transparency and regain user trust following the FTX tragedy, Binance has launched a new site explaining its proof of reserves system. “Given recent events, it is understandable that the community will demand more from crypto...

The Ethereum Shanghai hard fork update may include EIP-4844, a protocol for sharding

by WAYA Staff - Nov 27, 2022

As outlined in the latest meeting held by the Ethereum Foundation, the developers are looking into the possibility of including EIP-4844, also known as “proto-danksharding,” to the Shanghai update. This comes shortly after Ethereum developers decided on the main eight...

Egyptian National Railways gets $329m in funding from EIB and AFD

by WAYA Staff - Nov 27, 2022

Egyptian National Railways (ENR) and the French Development Agency (AFD) signed an implementation financing agreement for the upgrade of the Tanta – El Mansoura – Damietta rail line project with a total loan amount of 95 million euros. The project...

In conversation with Ahmed Ashour, CEO and Co-Founder of Pylon

Pylon is an infrastructure management platform for water and electricity companies

by Nouran Allam - Nov 27, 2022

In conversation with Ahmed Ashour, CEO and Co-Founder of Pylon

What is Pylon and what is the company hoping to achieve? Pylon is saving the planet, one metering point at a time. Our goal is to help utility companies increase efficiency and achieve better environmental footprints through subscription-based access to...

Flat6Labs partners with SIAC and Dar Al Handasah to launch an innovation program for Egypt’s construction startups

by WAYA Staff - Nov 24, 2022

Flat6Labs, a seed and early-stage venture capital firm, has launched a construction-tech Innovation program named “Makers” in collaboration with SIAC, a regional private construction firm, and Dar-Al-Handasah, an international consulting company in engineering, to foster startups in the construction technology...

Women in FinTech are shattering the Glass Ceiling

by Raymond Ayac - Nov 24, 2022

It’s 2022 and FinTech is thriving more than ever and being abundantly relied upon for conducting payments and transactions on a daily basis in most corners of the world. Significantly boosted by the shift in global consumer behavior as a...

Honeywell partners with Egypt’s MCIT to reduce government buildings’ energy consumption

by WAYA Staff - Nov 24, 2022

Honeywell and Egypt’s Ministry of Communications and Information Technology (MCIT) have signed an MoU that aims to advance sustainability, reduce energy consumption and improve operational efficiency in government buildings across Egypt. Through the agreement, Honeywell intends to deploy software and...

WNR: Here’s what happened in MENA this week

by WAYA Staff - Nov 24, 2022

History was made in COP27 when a loss and damage fund for developing countries was agreed upon, this was the first time governments take the historic decision of establishing new funding arrangements, as well as a dedicated fund, to assist...

Foodics partners with Paymob to integrate its restaurant management system with Paymob’s POS devices

by WAYA Staff - Nov 23, 2022

Foodics, a restaurant management solution in MENA, and Paymob, a financial services enabler in the MENAP region, signed a partnership agreement in cooperation with Banque Misr. The partnership will integrate Foodics’ restaurant management system (RMS) with Paymob’s point of sale...

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