"RAK Digital Assets Oasis' unique lifestyle proposition will support companies with robust, innovation-enabling adoption frameworks, advisory and professional services, hybrid workspaces, accelerators and incubators, sandboxes, access to funding, and an environment that encourages entrepreneurs to imagine, create, and evolve."
The part about access to funding caught my eye in the article and I would be very interested to see how that works.
Ever since the death of ICOs, devs has been having issues accessing finding for their, more often than not, shit projects. If there comes a hub where one can easily access funds to push their ideas out, it would be a welcome assistance and would be popular among the crypto community.
I doubt the process would be easy at all. Regulating a constantly growing crypto market and vetoing them to determine which deserves funding and assistance is a difficult task.
regulating can be easy
by having "regulations at the gates"
EG innovate code that does many functions without jurisdiction within the multitude of networks / tokens created inside the city but where to get a stablecoin to trade with it.. you had to use an KYC regulated exchange. and then once having the stable coin you can then trade that for whatever you like in other unregulated systems within the cities ecosystems of multiple tokens..
where by just having the stable coin (without revealing name outside the exchange) shows you have been verified just to even hold/get the stable coin. thus no more need for validation elsewhere
