Abu Dhabi Global Market (ADGM) recently made waves by announcing the enrollment of IOTA as the pioneer foundation under its Distributed Ledger Technology (DLT) foundation regime. As part of this regime, ADGM has indicated its intention to collaborate further by potentially signing a Memorandum of Understanding (MoU) with the Solana Foundation.
Yesterday, on February 6th, Lily Liu, the President of the Solana Foundation, took the stage at Crypto Oasis – ART Talk, Satoshi Edition. During her talk, Liu shared a plethora of positive sentiments regarding the UAE and specifically Dubai. She highlighted how Dubai epitomizes Solana’s vision for a Solana City, showcasing its potential as a prime example. Although details remain unconfirmed, ADGM hinted at this forthcoming collaboration with the Solana Foundation through a social media post on 7 of February on X. Despite our attempts to confirm the partnership by reaching out to ADGM’s communication team, no official confirmation has been received as of yet.
Should the partnership come to fruition, it would mark another significant stride in ADGM’s efforts to foster innovation and growth within its jurisdiction.
The potential partnership with the Solana Foundation underscores ADGM’s commitment to establishing itself as a leading hub for blockchain technology. By leveraging the expertise and resources of prominent blockchain organizations like Solana, ADGM aims to create an environment conducive to the adoption and advancement of DLT solutions.
Despite the absence of official confirmation, ADGM’s proactive approach towards forging alliances with key players in the blockchain space demonstrates its dedication to driving progress and development in the industry. Stay tuned for further updates on this exciting development!
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