Solmate Invests $50 Million in Solana to Support UAE Blockchain Infrastructure
The purchase strengthens the company’s commitment to Web3-based development in the Gulf.
Blockchain company Solmate has purchased $50 million worth of Solana tokens to help power digital infrastructure projects across the United Arab Emirates.
The investment is part of a broader initiative to integrate decentralized technologies into national systems and smart city platforms.
Industry analysts view the move as a significant step toward strengthening the UAE’s position as a hub for blockchain innovation.
The investment is part of a broader initiative to integrate decentralized technologies into national systems and smart city platforms.
Industry analysts view the move as a significant step toward strengthening the UAE’s position as a hub for blockchain innovation.
Translation:
Translated by AI
