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Fantom Foundation Update
- Partnership Announcement with The Private Office of Sheikh Saeed bin Ahmed Al Maktoum will establish an immediate Dubai presence.
- FTM surges 10x in last 6 months and recently lists on Binance, Binance DEX and OKEx
Fantom enters a partnership with The Private Office of Sheikh Saeed bin Ahmed Al Maktoum establish Dubai presence.
Fantom Foundation is pleased to announce its partnership with The Private Office of Sheikh Saeed bin Ahmed Al Maktoum. This partnership will see Fantom Foundation establish an operational presence in Dubai.
This partnership is the result of Fantom’s successful trip to Dubai as part of the Austrade Blockchain Trade Mission in April. Subsequent discussions by the Sydney-based Fantom Innovation Lab, led by Ashton Hettiarachi and David Freuden, along with Technical Advisor Andre Cronje.
Recently, the UAE unveiled its “Smart Dubai” initiative, which aims to make the metropolis a world leader by becoming the “first city fully powered by blockchain by 2021.” This massive undertaking involves embracing technology for as many government services as possible. The Smart Dubai initiative was founded following the vision of Sheikh Mohammad bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai to collaborate with the private and government sectors to create a happier and more efficient city.
Dubai’s Smart City strategy features over 100 initiatives and 1,000+ smart services across government services, transport, communication, infrastructure, financial services, education, healthcare, supply chain management and urban planning enabling blockchain startups, ecosystems to thrive in. The Fantom Foundation says its protocol can operate as the IT infrastructure to underpin these initiatives.
This commercial partnership will allow Fantom Foundation to operate under The Private Office of Sheikh Ahmed bin Saeed Al Maktoum corporate umbrella to engage with Dubai and UAE government and the private sector offering Fantom technology and services across multiple public and private sectors.
“This day marks the beginning of a new partnership that lays the groundwork for integrating Fantom Foundation’s technology and expertise into the vision of Dubai to become a blockchain city. Given their extensive experience in technology R&D and working with partners, we look forward to seeing how this will significantly benefit the Smart Dubai initiative strategy,” said Hisham Al Gurg, CEO, SEED Group and The Private Office of Sheikh Saeed bin Ahmed Al Maktoum.
Pictured Above: Fantom-The Private Office 1: Left to Right: Patrick Osman, Director – International Ventures, The Private Office, Hisham Al Gurg, CEO, The Private Office, Ashton Hettiarachi, Head of Innovation Lab, Fantom Foundation, David Freuden, Fantom Foundation.
Patrick Osman, Director – International Ventures, The Private Office, Hisham Al Gurg, CEO, The Private Office, Ashton Hettiarachi, Head of Innovation Lab, Fantom Foundation, David Freuden, Fantom Foundation
“We are super excited to partner up with The Private Office of Sheikh Ahmed bin Saeed Al Maktoum to bring innovation and build solutions for Dubai to create new economic opportunities and deliver better user experience for UAE citizens.” Ashton Hettiarachi, Head of Innovation Lab, Fantom Foundation.
Whilst Fantom plans to offer its foundation’s expertise to smart city initiatives across the globe, currently, their focus is on the UAE because of the sheer number of opportunities and how proactive and supporting the government is towards blockchain adoption. The company said that they can take key learnings and technology from the projects here into other cities and that they are planning to form new teams and hire fresh talent to service these new opportunities.
Pictured Above: Fantom-The Private Office 2: Left to Right: David Freuden, Fantom Foundation, Ashton Hettiarachi, Head of Innovation Lab, Fantom Foundation, Hisham Al Gurg, CEO, The Private Office, Patrick Osman, Director – International Ventures.
FTM surges 10x in last 6 month
In the last 6 months (Feb 14th – July 13th) Fantom has gone 10x, from a Market Cap of $4,522,446 to $45,374,606. This makes FTM on of the biggest gainers in the last 6 months, outperforming projects such as LINK and BNB.
During this time Fantom has been listed on Binance, Binance DEX, Coinall, OKEx, Digifinex, BitMax, and Coinspot.au. This has allowed more users across the world to access the FTM token in one way or another, and we feel that it has tremendously boosted the morale within our community.
Fantom is listed on the following exchanges:
Disclaimer: I am a member of the Fantom Innovation Team
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