Dubai - Sharikat Mubasher: RAK Digital Assets Oasis (RAK DAO) launched its inaugural accelerator program, Builder’s Oasis, to support Web3 startups in the gaming, AI, and blockchain infrastructure sectors with a funding pool of $2 million.

The program aims to attract over 150 global applicants, with high-potential startups to be shortlisted, RAK DAO announced in a press release today.

Participants are eligible for $100,000 in funding from XDC, alongside guidance from RAK DAO’s network of ecosystem partners.

By offering resources tailored to blockchain startups, Builder’s Oasis aims to drive meaningful advancements in decentralized technologies while fostering innovation in the Middle East and North Africa (MENA) region. 

In addition to funding, mentorship, and hands-on support, participating startups will gain unmatched visibility among global industry leaders, investors, and stakeholders. 

Luc Froehlich, Chief Commercial Officer of RAK DAO, said: “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.”

The program is co-coordinated by XDC Network, a leading blockchain platform known for its focus on real-world applications in trade finance and tokenization. This collaboration emphasizes the commitment of both entities to foster a global ecosystem for blockchain innovation, leveraging their strengths to support founders in bridging the gap between ideation and market readiness. 

Ritesh Kakkad, Co-founder of XDC Network, affirmed that the accelerator program aligns perfectly with the platform’s focus on delivering tangible solutions that bridge traditional finance and decentralized systems. 

Builder’s Oasis connects participants with a vibrant network of investors and collaborators, enabling access to capital and strategic partnerships. It offers unique benefits including fast-track licensing, reduced setup costs, and seamless incorporation within RAK DAO.