In a notable collaboration, RAK DAO partners with Humans.ai to enhance the integration of AI and blockchain within the UAE.

Ras Al Khaimah Digital Assets Oasis (RAK DAO) has established a significant partnership with Humans.ai , recognized as a pioneer in AI blockchain technology. According to their statements, this collaboration is aimed at revolutionizing the artificial intelligence (AI) framework in the UAE.

Through the signing of a Memorandum of Understanding (MOU), RAK DAO has confirmed that this partnership is geared towards enhancing the region’s AI capabilities and significantly contributing to the growth of the world's first dedicated 'Free Zone' specifically for digital and virtual asset enterprises.

To further attract forward-thinking AI companies to Ras Al Khaimah, RAK DAO and Humans.ai will jointly offer business incentives. This partnership is designed to ensure that AI businesses associated with RAK DAO benefit from a resource-rich ecosystem.

This ecosystem will consist of an array of offerings, including toolkits, Decentralized Applications (DApps), and innovative solutions provided by Humans.ai.

RAK DAO emphasized that this partnership is poised to unlock substantial investment opportunities through various grant programs and collaborations with venture capital firms, while also simplifying banking and licensing processes to foster a supportive business ecosystem.

James Bernard, RAK DAO’s chief commercial officer, shared with Metaverse Post, 'We are committed to simplifying regulations for AI enterprises, creating a more efficient operational landscape for companies within RAK. The fusion of blockchain technologies has the remarkable potential to enhance security, transparency, and operational efficiency across the board.'

Advancing AI Innovation via Blockchain Technology

RAK DAO plans to act as an incubator, offering expansive support to international Web3 companies.

Bernard elaborated on the essence of this alliance, noting the advanced blockchain framework from Humans.ai. This framework will empower RAK DAO’s AI companies by providing robust governance and operational management for their AI applications.

He pointed out that the main goal of this framework is to cultivate transparency, which is crucial in the AI sector. This partnership will also enable businesses to tap into the extensive Humans.ai network. By utilizing the vast array of products, services, tools, and strong technical support from Humans.ai, companies will amplify their operational capabilities and achieve greater effectiveness.

'The experts at Humans.ai will establish and maintain regulatory structures that promote AI developments while ensuring essential protections,' Bernard stated. 'By integrating into the RAK DAO ecosystem, Humans.ai will provide key support to RAK DAO and its associated firms, accelerating growth and innovation in the AI sector.'

All licensed Web3 enterprises under RAK DAO will have access to a supportive network that fosters business development, from licensing and visa assistance to specialized operational support and various funding opportunities.

'The first 100 AI firms that decide to set up in RAK will have the chance to receive an exclusive incentive package, awarded on a first-come, first-served basis,' Bernard added. 'We believe this initiative will enable AI ventures and their founders to significantly advance their businesses.'

Striving to Position Ras Al Khaimah as the UAE’s AI Leader

Sabin Dima, founder and CEO of Humans.ai, stated that this partnership is committed to cultivating an ecosystem that fosters entrepreneurship and global AI adoption.

Similarly, Dr. Sameer Al Ansari, CEO of RAK DAO, echoed this enthusiasm, emphasizing that their combined efforts aim to establish Ras Al Khaimah as a focal point for AI technological innovation and to further attract AI-centric enterprises in the UAE.

Beyond the immediate benefits of their partnership, RAK DAO and Humans.ai detailed their plans for creative initiatives in AI. These include collaborative accelerators, venture studios, and similar environments aimed at stimulating AI entrepreneurship.

RAK DAO reaffirmed that this new venture aligns with its overarching goal of propelling Ras Al Khaimah to the forefront of AI technology, all while cultivating a streamlined business environment within the RAK DAO Free Zone.

Importantly, businesses operating within the RAK DAO Free Zone will benefit from a customized business environment, tailored workspaces, and dedicated infrastructure that meets their unique needs.

'RAK DAO is not just a Free Zone, but a dynamic, evolving ecosystem designed to provide the critical support that entrepreneurs, startups, and companies need to flourish. This encompasses access to funding, streamlined banking options, key infrastructure, and various other resources,' Bernard explained. 'AI companies will gain not just from the expertise and backing of operational partners like Humans.ai, but also from a comprehensive network of potential collaborators in the field.'", ', please be aware that the information presented on this page is solely for informational purposes and should not be viewed as legal, tax, investment, financial, or any other advisory service. Only invest what you can afford to lose, and seek independent financial advice if you have any reservations. For additional details, we suggest reviewing the terms and conditions as well as the support resources made available by the issuer or advertiser. MetaversePost is devoted to delivering accurate, impartial reporting, yet market conditions can change unexpectedly.', "Victor serves as the Managing Tech Editor/Writer at Metaverse Post, focusing on topics like artificial intelligence, cryptocurrency, data science, the metaverse, and cybersecurity within the enterprise sector. With over five years of experience in the media and AI industries at leading publications such as VentureBeat, DatatechVibe, and Analytics India Magazine, and as a Media Mentor at prestigious institutions including Oxford and USC, Victor holds a Master’s in Data Science and Analytics and remains dedicated to keeping abreast of emerging technological trends.