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Openner launches Web3 venture studio Qurious Labs

by WAYA Staff - Aug 1, 2022
Openner launches Web3 venture studio Qurious Labs

Qurious Labs is the first Web3 focused venture studio model to launch in MENA by Openner. Openner is a VC firm focused on early-stage startups.

Qurious Labs’ model serves to support entrepreneurs in MENA who are building web3 companies that utilize blockchain, digital currencies, NFTs, gaming as well as explore the Metaverse and decentralized applications leveraging. 

“We deeply believe that web3 will have the biggest impact on society and business since the introduction of the internet. Over half a million developers around the world are building the infrastructure that will shape an always-on, economically equitable future for society leveraging web3 and we’re excited to embark on this journey to bridge the gap between web3 and emerging marketing in the Middle East and North Africa,” said Ahmed El Wassimy, Studio Director at Qurious Labs.

The studio’s goal is to offer a complete ecosystem for builders to launch their web3 ventures and brands to explore web3 business models by supporting builders by being a one-stop shop for them to build and launch their web3 projects.

Read more: Dubai ‘metaverse strategy’ will open 40K virtual jobs by 2030

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Twitter vs. Elon Musk trial date set to October 17th

by WAYA Staff - Aug 1, 2022
Twitter vs. Elon Musk trial date set to October 17th

Twitter’s lawsuit against Elon Musk for attempting to exit the $44 billion buyout deal has been officially set by Judge Kathaleen McCormick to take place between October 17th and October 21st of this year. The situation remains complex. Twitter’s lawyers...

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Solana set to open a web3 embassy and retail store in NY

by WAYA Staff - Jul 31, 2022
Solana set to open a web3 embassy and retail store in NY

The Solana Foundation, the organization behind the blockchain network, is launching a new Solana-themed store called “Solana Spaces” in New York City, which will double as a Web3 embassy and cultural center for the growing community. There are many activities...

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UAE and Saudi based Enhance Ventures launches a $30m Builders Fund

by WAYA Staff - Jul 31, 2022
UAE and Saudi based Enhance Ventures launches a $30m Builders Fund

Enhance Ventures, MENAPT region’s venture studio, launches a $30m Builders Fund to invest in the studio’s next set of startups. The venture studio specializes in investing in promising digital businesses across the Middle East, North Africa, Pakistan and Turkey, during...

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Instagram to undo TikTok-like changes after criticism

by WAYA Staff - Jul 31, 2022
Instagram to undo TikTok-like changes after criticism

Following criticism from users that Instagram is starting to look and behave too much like its rival TikTok, Instagram head Adam Mosseri says the social network will walk back some recent changes to the app to maintain its original look...

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ADNOC Distribution acquires 50% of TotalEnergies in a $203m deal

by WAYA Staff - Jul 31, 2022
ADNOC Distribution acquires 50% of TotalEnergies in a $203m deal

ADNOC Distribution, UAE’s fuel retailer and distributer, announces acquisition of 50% of TotalEnergies Egypt in a $203m investment. The deal is essentially valued at $186m, with an additional earn-out of up to $17.3 million if certain conditions are satisfied, according to...

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CoinMENA expands to Egypt

by WAYA Staff - Jul 28, 2022
CoinMENA expands to Egypt

CoinMENA, a leading digital assets exchange in the Middle East and North Africa region, is expanding its services to Egypt from its base in Bahrain.  This is the latest in a series of fast expansions by the exchange within one...

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Netflix loses nearly 1 million subscribers

by WAYA Staff - Jul 28, 2022
Netflix loses nearly 1 million subscribers

Streaming giant Netflix has lost more than 1 million subscribers between April and July, as more and more people decide to quit the service.  Losing members for more than two quarters in a row, Reed Hastings, Netflix CEO, said he...

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ChatFood, UAE’s foodtech, raises $3 million in a bridge round

by WAYA Staff - Jul 27, 2022
ChatFood, UAE’s foodtech, raises $3 million in a bridge round

ChatFood, UAE-based omnichannel ordering and data-driven marketing platform, raised $3 million in a bridge round led by Antler with a reserved amount for key strategic Saudi partners. The round also witnessed participation from family offices such as 6G Capital and...

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