Abra is a global digital asset financial services firm that provides a suite of products for individuals and institutions to invest in and manage cryptocurrencies. Abra operates several distinct business lines to cater to a diverse clientele, from retail investors to high-net-worth individuals and large financial institutions.
For individual investors, the Abra app offers a user-friendly mobile platform to buy, sell, trade, and earn yield on a wide variety of digital assets. For more sophisticated clients, Abra Private delivers a concierge-style wealth management service, providing tailored strategies for managing large digital asset portfolios. For institutions, Abra Prime offers prime brokerage services, including secure trading, borrowing, and lending solutions.
A key aspect of Abra’s identity within the Web3 ecosystem is its role as a founding member of the Hedera Governing Council. In this capacity, Abra helps oversee the governance and strategic direction of the Hedera network, contributing to its stability and long-term vision.
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RAK DAO (Ras Al Khaimah Digital Assets Oasis) is a government-supported free zone in the United Arab Emirates, launched in 2023. It is the world's first and only free zone exclusively dedicated to digital and virtual asset companies. The initiative is designed to create a vibrant ecosystem for Web3, blockchain, AI, and other emerging technologies, positioning Ras Al Khaimah as a global hub for innovation.
RAK DAO provides a comprehensive suite of services and infrastructure to support the growth of digital asset companies. This includes a robust and transparent legal framework, a variety of licensing options (including for freelancers and digital nomads), and access to a network of partners, VCs, and academic institutions. The free zone offers a range of facilities, from co-working spaces to dedicated offices, and provides professional services to assist with everything from company setup to ongoing operations.
The Hedera Foundation, which fuels the growth of the Hedera ecosystem, is a key partner of RAK DAO. This strategic alliance provides RAK DAO members with direct access to the Hedera network, including grant programs and technical support.
Twigital is a decentralized application (dApp) that enables users to create tokenized digital twins of physical objects. These digital twins are represented as 3D objects, which can be minted as non-fungible tokens (NFTs) on the Hedera network. The platform allows users to memorialize objects in the Web3 space.
The Twigital mobile application is available on iOS where it uses photogrammetry to capture real-world objects. Users can generate 3D models of objects from photographs. The app guides users through this process with detailed instructions and, once created, these 3D models can be minted as NFTs.
A key feature of Twigital is its integration with the Hedera network. Users connect their Hedera wallets to manage digital assets. This enables easy valuation, trading, and viewing of NFT details. The assets created are content-addressed using interplanetary file system(IPFS), providing unique identification for each digital twin. These unique twins can then be linked to minted NFTs. Twigital covers the transaction fees for creating these NFTs, which are factored into the cost of using the service.
Hashport is an interoperability solution designed to connect the Hedera network with other major blockchain ecosystems and enable the transfer of digital assets across distributed ledgers. It functions as a public utility, facilitating bidirectional token bridging, which allows users to move assets from one network to another.
The platform supports connections between the Hedera blockchain network and other prominent blockchains such as Ethereum, Polygon, and BNB Chain. The process involves users locking their original assets on the source chain to facilitate “porting” of newly-minted, wrapped versions of the original asset to the destination chain. Upon retrieval, the ported asset version is burned on the destination network thus unlocking the original tokens on their native chain.
Hashport utilizes a consortium of independent and reputable validators verify and authorize transactions in order to ensure end-to-end security. These validators monitor events on the connected chains to ensure the integrity of the bridging process. By enabling seamless cross-chain transfers, Hashport plays a vital role in expanding the reach of decentralized applications (dApps) and assets within the Hedera ecosystem.
Fliggs Mobile is a digital-first, Web3-enabled mobile virtual network operator (MVNO) that aims to bridge the gap between telecommunications and financial services. Its core service is providing flexible, no-contract mobile plans that run on T-Mobile's nationwide 5G network. These plans, managed entirely through the Fliggs Mobile app, include features such as eSIM activation, international roaming passes, and data boosters.
It also features Web3 integration features including a non-custodial digital wallet built into the app. This wallet enables a loyalty program that rewards users with monthly cashback in Bitcoin or USDC on their service fees.
Fliggs Mobile is built on Hedera's distributed ledger technology, which is used to issue a Decentralised ID (DID) to every user upon activation. This gives customers sovereign control over their digital identity and personal data. The non-custodial wallet also leverages Hedera for its security and functionality, enabling secure cryptocurrency payments and the management of rewards. This integration is supported by The Hashgraph Association, which has provided both funding and technical support to pioneer this convergence of telecom services and decentralised technology.