Ras Al Khaimah, one of the seven emirates of the UAE, opens a free zone for companies dealing with digital and virtual assets – RAK Digital Assets Oasis (RAK DAO).
It will be for service providers of digital and virtual assets in new technologies, such as the metaverse, blockchain, utility tokens, crypto wallets, NFT, decentralized autonomous organizations (DAO), decentralized applications (dApps) and other Web3-related enterprises.
Applications will be accepted in the second quarter of 2023.
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