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Solana Foundation Teams Up with Abu Dhabi Free Zone for Web3 Push

Abu Dhabi Global Market (ADGM) and Solana Foundation announced Wednesday an agreement to explore blockchain ecosystem development. The collaboration aims to improve Distributed Ledger Technology solutions and drive forward blockchain innovation, a press release said. Abu Dhabi is becoming a notable center for crypto and blockchain enterprises. Its strategic location and government policies have drawn top crypto firms from across the globe. Furthermore, the Abu Dhabi Global Market introduced a virtual platform in 2022 to link individuals with virtual asset firms, strengthening its status as a crypto hub.

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