RAK DAO CEO on charting the course for the UAE's web3 frontier

In this interview with Adgully Middle East, Dr Sameer Al Ansari, CEO of RAK DAO, dives into the UAE's digital asset ambitions and how RAK DAO is fueling the nation's web3 revolution. He explores key issues like emerging trends, regulatory hurdles, user engagement, and educational initiatives. RAK Digital Assets Oasis is the only common law free zone in the world solely dedicated to non-regulated digital and virtual asset companies. Under the wise leadership of His Highness Sheikh Saud bin Saqr al Qasimi, The Ruler of Ras Al Khaimah and oversight of its Chairman Sheikh Mohammed Bin Humaid Al Qassimi, Dr Sameer has played a key role in the creation of RAK DAO, building the team and shaping its future strategy. Excerpts from the interview:How would you describe the progress and key developments in the UAE's push for the web3 ecosystem over the past year, and how has RAK DAO contributed to this evolution?Over the past year, the UAE has made remarkable strides in advancing its web3 ecosystem. The commitment to embracing cutting-edge technologies is evident, and RAK DAO has played a pivotal role in this evolution. Our dedicated Free Zone in Ras Al Khaimah, the first of its kind globally, has been a hub for fostering innovation in digital assets. We've witnessed a surge in interest and participation from companies pushing the boundaries of the future. Our transparent legislative framework has simplified the process for virtual asset companies, creating an environment conducive to growth and development.As we have entered a new year, what do you see as the most significant emerging technology trends that will shape the digital asset landscape, and how is RAK DAO positioned to capitalize on these trends?As we approach 2024, several emerging technology trends will shape the digital asset landscape. RAK DAO is strategically positioned to capitalize on these trends. From the rise of decentralized finance (DeFi) to the integration of artificial intelligence and the continued development of Web3 gaming, we are committed to staying at the forefront of these advancements. Our goal is to be adaptive and forward-thinking, ensuring that RAK DAO remains a driving force in the digital asset space through establishing key alliances, both internationally and locally, and by working closely with key industry players to continue pushing the boundaries of what’s possible.With the rapid growth of digital assets, regulatory frameworks are evolving. How is RAK DAO navigating the regulatory landscape, and what regulatory changes or advancements do you anticipate will impact the industry in 2024?The rapid growth of digital assets necessitates a dynamic approach to regulatory frameworks. RAK DAO is actively navigating this landscape, working closely with regulators to ensure compliance while fostering innovation. We anticipate further regulatory changes in 2024 and are prepared to adapt responsibly. Our commitment to transparency and collaboration positions us well to meet evolving regulatory requirements, contributing to the industry's maturation and credibility.The success of any digital asset ecosystem often hinges on user adoption. How is RAK DAO working to attract and engage users, and what strategies do you believe will be essential for increasing widespread adoption of digital assets in the coming year?User adoption is fundamental to the success of any digital asset ecosystem. RAK DAO is actively working to attract and engage users through strategic partnerships, user-friendly platforms, and community-building initiatives. We recognize the importance of user education and experience. In the coming year, our focus will be on implementing strategies that not only enhance user engagement but also contribute to the widespread adoption of digital assets by simplifying the onboarding process and providing valuable educational resources.Every industry faces challenges. What are the major challenges you foresee for RAK DAO and the broader digital asset industry in 2024, and what strategies or solutions do you envision to overcome these challenges?Challenges are inherent in any industry, and the digital asset landscape is no exception. Regulatory uncertainties, security concerns, and market volatility may pose challenges. RAK DAO is prepared to address these issues through continuous collaboration with regulators, implementing robust security measures, and fostering a resilient ecosystem. Strategic partnerships and global outreach will be pivotal in overcoming challenges and ensuring the sustained growth of both RAK DAO and the broader digital asset industry.Understanding digital assets and blockchain technology is crucial for their mainstream adoption. How is RAK DAO involved in educational initiatives to increase awareness and understanding, and what role do you believe education will play in the continued growth of the digital asset ecosystem?Education stands as a cornerstone for the mainstream adoption of digital assets and blockchain technology, a principle deeply acknowledged by RAK DAO, the pioneering common law freezone dedicated to digital and virtual asset companies. In a concerted effort to elevate awareness and understanding, we actively engage in educational initiatives, including programmees, workshops, and strategic partnerships. As part of our commitment to providing top-notch educational resources, we are excited to form collaborations with globally recognized educational institutions. By leveraging the expertise of these institutions, RAK DAO aims to empower individuals and businesses, fostering a well-informed community crucial for sustainable growth. Through these multifaceted efforts, we aspire to play a pivotal role in the continued growth and the eventual mainstream adoption of the digital asset ecosystem.

Ras Al Khaimah shines at Global Media Congress: A beacon of innovation & culture

 Ras Al Khaimah welcomed visitors from around the world today to its immersive pavilion, which highlights the Emirate’s remarkable sustainable development journey, on the first day of the Global Media Congress (GMC) at the Abu Dhabi National Exhibition Centre (ADNEC), held under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court.  In line with the vision of His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, the UAE’s northernmost Emirate showcased to national and international media stakeholders all the reasons why it is fast becoming the go-to destination in the region to live, work and explore.  Visitors to Ras Al Khaimah’s dynamic exhibition space, inspired by the colors of the natural world, were introduced to Ras Al Khaimah Government Media Office (RAKGMO) initiatives and strategic plans aimed at enhancing the Emirate’s presence on the global media scene, and to the Emirate’s sustainable development achievements, which have been put in place to ensure a bright future for current and future generations.Her Excellency Heba Fatani, Director General of RAKGMO, will participate in a keynote panel discussion tomorrow on ‘Nurturing Talent to Stimulate Creativity and Increased Opportunities in an Enhanced Media Ecosystem’ alongside other media leaders, which provides an opportunity to highlight Ras Al Khaimah’s growing contribution to the media landscape.  “Inspired by the vision of His Highness Sheikh Saud bin Saqr Al Qasimi, Ras Al Khaimah is attracting international recognition as a prime destination for living, working and exploring, with its exceptional quality of life, enticing opportunities for business and tourism, and a captivating natural environment at the heart of the narrative,” Ms. Fatani said. “It is our foremost objective to share the Emirate's inspiring stories with the world.”“RAKGMO continues to embrace innovation, creativity and cultural exchange, while celebrating the transformative power of the media to connect and communicate with audiences from around the world,” she continued. “We invite all attendees to visit Ras Al Khaimah’s pavilion, experience the beauty of Ras Al Khaimah, engage with our media experts and discover the exciting opportunities for collaboration and growth that our Emirate offers.”  Ras Al Khaimah Radio Authority Director-General and journalist Mohammed Ghanem Mustafa, hosted ‘The Live Broadcast’ from the pavilion, featuring leading figures from the media sector. It is the first radio show in the UAE to broadcast live across all three days of Global Media Congress.  This year’s Congress focuses on the themes of Sustainability; Innovation and Latest Technologies in Media; Sports Media; Youth, Education and the Future of Media. It offers a prominent platform for media professionals, journalists and industry leaders to connect and collaborate, and serves as a hub for meaningful discussion and networking opportunities that will positively impact and shape the future of the global media landscape.