MutiversX Dubai Incubator: First Project Announced Soon
Last October, we announced and kicked off our MutiversX Dubai Incubator, a program committing $15M in funds to support teams building on top of the MultiversX technology. We are happy to share that soon, we will announce the first project supported by our incubator.
In the last two months, we have experienced considerable interest in our program and received hundreds of emails from upcoming projects. We spoke to about ten teams, and among them have recognized a team with the right properties, relevant geographical fit, and the needed ambition that fits our program. In 7 days, we will officially announce the first project of our Incubation Program.
While we have been working hard to support this first team from our program, the MultiversX team has pushed some strong developments. The MultiversX team released the highly anticipated Maiar Exchange (the first MultiversX-based DeFi platform) and kicked off its MultiversX Launchpad along with the launch of the Holoride project and its native token $RIDE — another exciting MultiversX-based project that we are invested in.
We couldn’t have chosen a better time to present one of our most important initiatives to this date, so stay tuned and follow our updates on Twitter to learn more.
About Morningstar Ventures
Morningstar Ventures is an investment firm backing ambitious ideas by early-stage founders. Based in Dubai, Morningstar Ventures focuses primarily on the blockchain and digital assets space and is led by CEO Danilo S. Carlucci. The firm is active in both token investments and equity investments and has a particularly strong focus on the MultiversX ecosystem.