RAK Digital Property Oasis (RAK DAO), a free zone within the United Arab Emirates (UAE) devoted to crypto corporations, has signed a Memorandum of Understanding (MOU) with HBAR Basis to assist members of its ecosystem by way of grant program and offering help to leverage the Hedera blockchain.
In an announcement despatched to Cointelegraph, His Highness Sheikh Mohammed bin Humaid bin Abdullah Al Qasimi, Chairman of RAK DAO, stated the collaboration with the HBAR Basis will drive sustainable development for the ecosystem and form a future the place the Emirates Emirate United Arab Emirates of Ras Al Khaimah will change into a “world chief within the digital economic system”. He stated:
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