• Ras Al Khaimah Digital Assets Oasis (RAK DAO) announced the launch of its inaugural accelerator program ‘Builders Oasis.
• The program aims to support Web3 startups in the gaming, AI and blockchain infrastructure sectors.
• In collaboration RAK DAO and XDC aim to foster a regional and global ecosystem for blockchain innovation.

Ras Al Khaimah Digital Assets Oasis (RAK DAO), UAE Free Zone for digital assets companies, announced the launch of its inaugural accelerator program ‘Builders Oasis.’

With a funding pool of USD 2 million, the program aims to support Web3 startups in the gaming, AI and blockchain infrastructure sectors. Additionally, the program is coordinated by XDC Network, a blockchain platform focusing on real world applications in trade finance and tokenization.

Builder’s Oasis

The program aims to attract over 150 global applicants with high potential startups. The selected participants will be eligible for USD 100K in funding from XDC alongside guidance from RAK DAO’s ecosystem partners. In addition, through offering tailored resources to blockchain startups, it aims to drive meaningful advancement in decentralized technologies. 

The applications for the program will remain open until the end of February 2025. After which selected participants will participate in demo days and a showcase in Dubai and Ras Al Khaimah. In addition to funding, the program aims to offer mentorship, hands-on-support, and connections with global industry leaders, investors and stakeholders. 

“ By providing funding, fast-track licensing, and a supportive community, we’re paving the way for blockchain, AI, and gaming ventures to flourish in Ras Al Khaimah and beyond. Our vision is to create a global nexus of forward-thinking founders who aren’t just building projects, but defining the future of decentralized technology”.

Luc Froehlich, Chief Commercial Officer of RAK DAO

The ‘Builder’s Oasis’ program aims to aid startups in fast tracking licensing, reducing setup costs and seamlessly incorporating into RAK DAO. Additionally, entrepreneurs will also receive guidance on business setup, compliance, and market strategies. In this, they aim to equip startups to navigate the challenges of setting up an enterprise. 

RAK DAO

RAK DAO is a Free Zone with Common Law features established to support and nurture digital assets companies. Based in Ras Al Khaimah in the UAE, it offers a legislative framework that simplifies the processes of opening and operating digital assets companies. 

XDC Network is an open source, carbon neutral, enterprise grade, EVM-compatible, Layer 1 blockchain. It powers a wide range of novel blockchain uses including Global Trade Finance, payment, DePIN and RWA tokenization. 

In collaboration RAK DAO and XDC aim to foster a regional and global ecosystem for blockchain innovation. This is through leveraging their strengths to support founders in bridging the gap between ideation and market readiness.

“ Through this accelerator, we aim to empower startups to push boundaries—whether it’s in trade finance, tokenization, or next-generation gaming.”

Ritesh Kakkad, Co-founder of XDC Network