[Press Release] KSA Nisbah Capital Subsidiary of Taibah Valley has Joined Tezos Blockchain Ecosystem

Saudi Arabia, Jan 7, 2021 – (ACN Newswire) – Nisbah Capital, the blockchain subsidiary of Saudi Arabia-based Taibah Valley will join the Tezos ecosystem as a corporate baker, the first in the Middle East region. It also has added the Tezos blockchain to its blockchain lab projects as part of its initiative to create the biggest blockchain community in the MENA region to support commercialized applications, counselling, mentoring and researching in the areas related to blockchain and cryptocurrency.

In addition, through its subsidiary, Nisbah Capital, Taibah Valley has also become the first corporate entity in the Kingdom to participate in the Tezos ecosystem as a corporate baker, meaning that it will now validate transactions (blocks) and add them to the Tezos blockchain. This move follows an announcement (https://bit.ly/2MG4Qod) by EDF group subsidiary, Exaion, which became a corporate baker in October. Participating in the ecosystem as a baker not only strengthens the decentralization of the Tezos ecosystem but also reinforces its credibility and paves the way for future institutional adoption in the MENA region. Becoming a Tezos baker is seen by Taibah Valley as part of supporting the technology and the communities that are interested in cryptocurrency.

Raghad Abdulghani, Technical Specialist at Taibah Valley, said, “By becoming a Tezos baker, we see an opportunity to spread the knowledge about cryptocurrencies and how they work, and to attract different companies to recognize the potential in the MENA region. In addition, we believe that baking will help build the future of the Tezos blockchain in the region.”

Waleed Rassuli from Tezos Gulf, added, “This collaboration with Taibah Valley will be a major driver to stimulate the adoption of decentralized blockchain technologies in the Middle East. Given the increasing number of corporate bakers in the Tezos ecosystem, we think that having one in the Middle East will give local blockchain projects in this region a boost.”

Taibah Valley was established by 2008 with the mission of investing and supporting projects with real economic value and positive impact for Saudi Arabia and the MEA region. Its areas of focus are blockchain, Internet of Things, and Artificial intelligence

Source: https://bit.ly/3beMncw

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

Hello Group Introduces inSpaze: An Immersive Social App for Apple Vision Pro

Hello Group Inc., a prominent mobile social entertainment provider in China, introduces its immersive social application, inSpaze, an immersive social application exclusively for Apple Vision Pro users in the United States. This application, crafted for visionOS, leverages advanced technologies like 3Ds, Reality Converter and Reality Composer Pro, offering a unique spatial computing experience that connects users worldwide through Spatial Audio and 3D interactive content.

Are There More Layoffs Coming in 2024?

Even as we kick off the new year, the horrors of the year past are not behind us. In 2023, major tech companies undertook big layoffs—in January last year, Google reduced its headcount by 6% (it also recently hinted at a fresh round of layoffs this year); in December 2023, Spotify laid off 17% of its staff and more companies gave out pink slips. This trend has been ongoing for a couple of years since the pandemic shook global markets.

GuideGeek Expands to Facebook Messenger to Offer Personalized Travel Tips

GuideGeek, Matador Network’s AI travel assistant powered by OpenAI, is now accessible to Facebook Messenger users, expanding its reach beyond WhatsApp and Instagram. This move aims to place GuideGeek in the hands of more travelers globally, offering instant, personalized travel tips at no cost.

Elon Musk’s Neuralink Debuts Brain Chip Implant: A Bold Future with Ethical Questions

Elon Musk’s Neuralink is back in the spotlight with a major update: they’ve put a brain chip, called the Link, into a human for the first time. This small device has set its sights on monumental goals, such as helping people who’ve lost their limb functionality. Musk’s big dream doesn’t stop there—he wants the chip to boost our brains, improve our memory and eventually blend the human mind with artificial intelligence (AI).

Mercedes-Benz Launches the New Luxurious CLE Cabriolet

Mercedes-Benz has launched the CLE Cabriolet, building on its heritage of creating four-seater convertible vehicles. This new addition is characterized by its expressive design, advanced technology, and high-quality features, ensuring an enhanced driving experience. The model, which evolves from the CLE Coupé, stands out with its traditional fabric acoustic soft top and distinct high-quality details, making it uniquely positioned in the market. Designed to offer dynamic performance alongside exceptional daily comfort, the CLE Cabriolet supports year-round open-air enjoyment.