RAK DAO Unveils Builder’s Oasis Accelerator with $2M Fund to Propel Web3 Startups
Ras Al Khaimah’s RAK Digital Assets Oasis (RAK DAO) has launched its first-ever accelerator program, Builder’s Oasis, with a $2 million funding pool to fuel the growth of Web3 startups.
The initiative is set to attract over 150 global applicants, focusing on early-stage ventures in blockchain, artificial intelligence (AI), and gaming infrastructure. Selected startups will have the opportunity to receive up to $100,000 in funding from XDC Network, a prominent blockchain platform, alongside mentorship from RAK DAO’s ecosystem of industry experts.
Empowering the Next Generation of Web3 Innovators
Applications for the Builder’s Oasis Accelerator are open until the end of February 2025. The top contenders will be invited to exclusive demo days in Dubai and Ras Al Khaimah, leading up to a final showcase event before TOKEN2049 in April 2025, one of the world’s premier blockchain conferences.
Luc Froehlich, Chief Commercial Officer of RAK DAO, emphasized the importance of this initiative in fostering global innovation:
“Having worked closely with startups worldwide, I’ve seen firsthand how access to resources and mentorship can turn raw ideas into groundbreaking solutions. With Builder’s Oasis, we’re not just offering funding—we’re providing fast-track licensing, expert guidance, and a thriving community that will help Web3 ventures take root and expand.”
Blockchain Meets Real-World Adoption
RAK DAO has partnered with XDC Network, a leading blockchain platform, to provide financial support and technical guidance to participating startups. Ritesh Kakkad, co-founder of XDC Network, highlighted the accelerator’s strategic significance:
“At XDC Network, we’re committed to advancing blockchain’s practical applications, particularly in trade finance, tokenization, and next-gen gaming. Builder’s Oasis aligns with our mission to bridge traditional finance with decentralized ecosystems and empower the next wave of Web3 pioneers.”
A Global Hub for Blockchain Innovation
RAK DAO, a dedicated free zone for digital asset companies in Ras Al Khaimah, aims to establish itself as a leading global hub for blockchain, AI, and gaming ventures. By launching Builder’s Oasis, it seeks to position the UAE as a center of excellence for emerging Web3 technologies.
With strong backing from government stakeholders, industry leaders, and blockchain innovators, this initiative is set to redefine the landscape for startup acceleration in the digital assets space.
For entrepreneurs looking to shape the future of Web3, the RAK DAO Builder’s Oasis Accelerator presents a unique opportunity to secure funding, gain mentorship, and connect with leading blockchain stakeholders. Applications are open now through February 2025.
