UAE Web3 Startup Byzanlink Secures $1 Million to Boost Regional Adoption
Byzanlink, a UAE-based company focused on building Web3 infrastructure, has successfully raised $1 million in funding. The round saw participation from key investors, including the prominent global Web3 accelerator Outlier Ventures, and will be used to accelerate the adoption of decentralized technologies in the Middle East and North Africa.
Building Foundational Tech for MENA's Web3 Ecosystem
The UAE-based startup is building foundational technology designed to bridge the gap between traditional systems and the emerging Web3 ecosystem. Byzanlink's primary focus is on providing solutions that make it easier for businesses and developers in the MENA region to build, deploy, and scale Web3 applications. This includes simplifying complex processes like tokenization, smart contract deployment, and decentralized identity management.
Fueling Team Growth and Market Expansion
The newly secured capital will be used to expand Byzanlink's team, with a particular focus on hiring for key engineering and product development roles. A significant portion of the funds will also be directed towards aggressive market expansion efforts within the MENA region, aiming to build strong partnerships and increase the adoption of its platform among local enterprises and developers.
Backed by a Global Web3 Specialist
The investment from Outlier Ventures, a world-leading Web3 accelerator and investor, provides Byzanlink with more than just capital. It signals strong international confidence in the UAE-based company's technology and its strategic focus on the MENA market. This backing lends significant credibility to Byzanlink's mission to become a key infrastructure provider for the region.
About Byzanlink
Byzanlink is a technology startup headquartered in the United Arab Emirates. Its core mission is to become a key enabler for Web3 adoption in the MENA region by providing accessible, robust, and scalable infrastructure for decentralized technologies, supporting the region's broader digital transformation agenda.
Looking Ahead
With this funding injection, the UAE's Byzanlink is poised to significantly accelerate its growth. The company plans to deepen its presence in key MENA markets, forging strategic alliances and expanding its user base to build a foundational layer that can support a vibrant, decentralized ecosystem across the region.
Source: Wamda