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.
Project Information
Related Projects
Fireblocks is an enterprise-grade platform that provides secure infrastructure for moving, storing, and issuing digital assets. Founded in 2018 and headquartered in New York, it has become a leading provider of digital asset custody, transfer, and settlement technology for a wide range of financial institutions, including banks, hedge funds, and crypto exchanges.
The core of Fireblocks' service is its institutional-grade platform that combines multi-party computation (MPC) with hardware isolation to create a highly secure environment for managing digital assets. The platform also features the Fireblocks Network, a secure and efficient network for connecting with over 1,800 liquidity partners, trading venues, and counterparties.
Fireblocks is deeply integrated with the Hedera network, providing comprehensive support for HBAR and other Hedera-based assets. It also supports the Hedera EVM, enabling clients to interact with Hedera-based smart contracts and decentralized applications. Furthermore, the Hedera Guardian, an open-source platform for ESG assets, can be integrated with Fireblocks, allowing for the secure, remote signing of transactions.
SEUN is a technology company developing an Internet of Things (IoT) device for monitoring water data. Its mission is to provide a secure and stable data management system to protect and prolong the life of large infrastructure that relies on water, such as hospitals, cooling towers, and well systems.
The core of SEUN's service is its customizable IoT device that can be used to monitor virtually any liquid. The platform is designed to provide real-time data and insights, functioning as a security system for water-based infrastructure. A key feature of the system is its use of distributed ledger technology to mitigate fraudulent activity and ensure the integrity of the data. The company's process is also GDPR compliant, underscoring its commitment to data privacy and security.
SEUN's platform is build in Hedera. It uses the the Hedera Consensus Service (HCS) to provide an immutable and verifiable log of all water data, creating a "single source of truth" that can be trusted by all stakeholders.
NOWPayments is a non-custodial cryptocurrency payment gateway that was founded in 2019. Its mission is to make it easy for businesses to accept a wide variety of cryptocurrencies, with a focus on providing a seamless and secure payment experience.
The core of NOWPayments' service is a platform that allows merchants to accept over 300 different cryptocurrencies, including stablecoins, and to receive payments in their preferred fiat currency. The platform offers a range of integration options, including APIs, e-commerce plugins, and donation widgets. A key feature of the platform gives users the ability to offer automatic coin conversion, which allows merchants to accept a variety of cryptocurrencies without having to manage multiple wallets. The platform also offers a mass payments solution, which enables businesses to send payments to multiple recipients in various cryptocurrencies.
NOWPayments has a direct integration with the Hedera network, providing full support for HBAR and other Hedera-based tokens. This allows merchants using the NOWPayments platform to accept HBAR as a form of payment.
Siki is a Los Angeles-based company founded in 2021 that is building a multimedia and social platform centered around music and NFTs. The company's mission is to create a more sustainable entertainment ecosystem where artists and curators can directly monetize their work and engage with their communities in new ways.
The Siki platform combines several key services into a single social ecosystem. It functions as an NFT music streaming service, allowing artists to mint their songs as NFTs and earn higher royalties compared to traditional streaming platforms. It is also an NFT marketplace, where users can buy, sell, and auction these music NFTs. The platform is designed to be a social hub where users can connect with each other and their favorite artists, with features like tipping and live streaming integrated directly into the NFT experience.
The Hedera Token Service (HTS) is used by artists on the Siki platform to mint their music as NFTs. This allows for efficient and low-cost creation and transfer of these digital assets. By building on Hedera, Siki can provide a secure, scalable, and environmentally friendly platform for its users to stream, trade, and engage with music in a novel way.