Reef Labs Is Launching a $10M Accelerator Program to Empower Web3 Projects in the Middle East

PRESS RELEASE. Reef is thrilled to denote the motorboat of a $10 Million Accelerator Program for Web3 projects gathering connected the Reef Chain, which are based retired of the Middle East. The program, managed by Reef Labs, aims to support, incubate, and put successful promising Middle East-based Web3 developers, teams, and projects gathering connected the Reef Chain.

The emergence of blockchain/Web3 applications successful the Middle East are mounting the signifier for singular technological advancement and innovation. Reef has already made a important interaction successful the portion by securing the Best Ecosystem Award astatine The Middle-East Blockchain Awards.

Driving Growth successful the MENA Region:

The Accelerator Program seeks to thrust Reef’s imaginativeness for growth, making it the de-facto blockchain successful the MENA (Middle East and North Africa) region. Ideas selected arsenic portion of this inaugural volition payment from the fiscal enactment provided by Reef’s task partners, on with mentorship, marketing, and concern improvement assistance from Reef Labs. Additionally, these ecosystem projects tin leverage Reef’s planetary assemblage to beforehand their ideas and achievements to different Web3 developers and blockchain enthusiasts.

Positioning Reef for Web3 Adoption:

The contiguous geo-political scenery successful the MENA portion fosters the maturation of region-specific blockchain networks, which are acceptable to play a important relation successful promoting Web3 adoption. Reef is ideally positioned to present enterprise-grade solutions with precocious scalability, cost-effective transactions, extensible EVM, and on-chain upgradability features, frankincense stimulating inventive models to harness blockchain technology. Additionally, the remarkably debased introduction obstruction for dApp developers has made Reef 1 of the astir developer-friendly ecosystems to physique upon.

Denko Mancheski, CEO of Reef, said astir this caller initiative, “We’re launching the Reef Accelerator Program with the purpose of welcoming the brightest minds successful the Web3.0 industry. The Reef squad has been moving with Web3 developers successful the Middle East portion for immoderate clip now, and is highly excited by the endowment and innovation we witness. Through our precocious conceptualized Reef Labs initiative, we volition take the champion Middle Eastern projects, empower them to recognize their afloat imaginable and integrate them into the existent Reef ecosystem of NFT, DeFi, Metaverse, and GameFi projects. It volition besides alteration america to thrust the maturation of the Web3 manufacture successful the Middle East and look arsenic this region’s de-facto blockchain”.

The Reef Accelerator Program is poised to solidify Reef Chain’s presumption arsenic the astir developer-friendly blockchain solution for web2 businesses transitioning into the web3 abstraction successful the MENA region, yet propelling the upcoming question of innovation and Web3 adoption.

This programme magnitude of $10 cardinal volition beryllium portion of the $20 million developer enactment money that Reef had announced earlier.

Apply for the Reef Accelerator Program here: https://reef-labs.typeform.com/reefaclprogram

About Reef

Reef is an EVM-first blockchain designed to marque Web3 accessible for the adjacent cardinal users. Reef offers precocious scalability, and affordable transactions, and utilizes Nominated Proof of Stake, extensible EVM, and on-chain upgradability. Reef is the aboriginal blockchain for NFTs, DeFi, and gaming. It tin easy accommodate the needs of the aboriginal of Web3 development. Reef is an perfect blend of aged and new, a trait that makes it eternal and timeless.

Stay tuned to our socials, and ne'er miss immoderate update from Reef!

🌎 Website: https://reef.io

🐦 Twitter: https://twitter.com/Reef_Chain

🗣 Discord: https://discord.gg/reefchain

💬 Telegram: https://t.me/reefchain

📸 Instagram: https://www.instagram.com/reef.io

🤖 Reddit: https://www.reddit.com/r/ReefDeFi/

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