The Fantom (FTM) smart contract platform based on the acyclic graph (DAG), which focuses on blockchain scalability issues, has partnered with the Seed Group and personal office of Sheikh Said bin Ahmed Al Maktoum.
Within the framework of cooperation, the introduction of the blockchain technology in Dubai, interaction with the UAE government and the private sector will be carried out.
All this will allow Fantom to provide technology and services based on the DAG blockchain to various state and private organizations.
We are pleased to work with Sheikh Ahmed bin Said Al-Maktoum’s private office to introduce innovations for Dubai, creating new economic opportunities, including for UAE citizens, said Ashton Hettiarachi, head of the Innovation Lab of the Fantom Foundation.
The CEO of the Seed Group and the personal office of Sheikh Saeed bin Ahmed Al Maktoum Hisham Al Gurg also commented on the collaboration:
This day marks the beginning of a new partnership that lays the foundation for the integration of the Fantom Foundation technologies into the concept of Dubai as a blockchain-city.
Given the extensive experience of colleagues in the field of research and technological development, we are confident that we will be able to significantly improve the strategy of Smart Dubai. ”
Recently, Fantom has gained additional fame thanks to the listing of the FTM token on major exchanges such as Binance, OKEx and Bittrex International.