Hassan Maishera
HBAR Foundation, the development team behind the Hedera blockchain, announced via a blog post on Wednesday that it has partnered with RAK Digital Assets Oasis (RAK DAO), the world’s first and only free zone dedicated to global digital and virtual assets companies.
The HBAR Foundation will support RAK DAO ecosystem members to leverage the power of blockchain and build economies and applications on Hedera, the most used enterprise-grade public network.
Together, RAK DAO and The HBAR Foundation will spearhead various initiatives in the Digital Assets Oasis ecosystem, including regular startup and scale-up pitching sessions, opportunities to connect with partners and investors, and explore avenues to launch joint projects such as venture studios or accelerators, the team added.
Hedera Hashgraph is distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance. HBAR is trading at $0.0474 at press time, down by 3% over the last 24 hours.
