"MEBA 2025: Dubai Celebrates Blockchain Boom, UAE Leads Crypto Adoption"

Dubai, the global hub for innovation and technology, is set to host the second edition of the Middle East Blockchain Awards (MEBA) on April 29, 2025. The event, which coincides with the TOKEN2049 conference, will take place at the iconic Jumeirah Burj Al Arab. MEBA aims to celebrate the achievements and innovations in the blockchain and cryptocurrency sectors, bringing together industry leaders, innovators, and visionaries.

The Middle East and North Africa (MENA) region has emerged as a significant player in the global cryptocurrency market. According to data from Chainalysis, the region ranks seventh worldwide, with an estimated on-chain value of $338.7 billion between July 2023 and June 2024. This accounts for 7.5% of the global transaction volume, highlighting the region's growing influence in the crypto space.

The United Arab Emirates (UAE), in particular, has become a global leader in digital asset adoption. The UAE ranks third worldwide in digital currency usage, according to Henley & Partners' latest report. The country received approximately $34 billion in cryptocurrencies between June 2023 and July 2024, experiencing a robust 42% year-on-year growth. This growth is driven by the UAE's progressive approach to blockchain technology, with cities like Dubai establishing themselves as key innovation hubs.

Max Palethorpe, Founder and CEO of Hoko Group, the official organizers of MEBA, commented on the event: "The Middle East Blockchain Awards provides a unique platform to recognize the incredible achievements that are driving the next wave of innovation in blockchain and digital transformation. With the UAE leading the charge in the Web 3.0 revolution, it’s inspiring to see industry leaders coming together to shape the future of this dynamic industry. This year’s event promises to be a true celebration of the pioneers who are pushing boundaries and setting new standards."

Dr. Marwan Al Zarouni, CEO of AI for Dubai Department of Economy and Tourism and CEO of Dubai Blockchain Centre (DBCC), added: "I am thrilled to be part of the judging panel once again and witness the rapid evolution of blockchain technologies in the MENA region. With the UAE at the forefront of this transformation, the government's forward-thinking approach, combined with