- The project will support commercialized applications, counselling, mentoring and researching in the areas related to blockchain
- This participation in the Tezos ecosystem as a baker will help Nisbah Capital strengthen the Tezos ecosystem’s decentralization
Aibah Valley’s Nisbah Capital has partnered with Tezos Ecosystem as a corporate baker
Nisbah Capital has joined hands with Tezos Ecosystem as a corporate Baker. Nisbah Capital is the subsidiary of Taibah Valley. Nisbah Capital is the blockchain subsidiary of Saudi Arabia’s Taibah Valley. It is the first in the Middle East. Tezos blockchain has been added to Nisbah’s blockchain lab project. Through this partnership, the company is trying to establish one of the most significant blockchain communities in the MENA region.
The project will support commercialized applications, counselling, mentoring and researching in the areas related to blockchain and cryptocurrency. Nisbah has been given the title of being one of the first corporate entities in the kingdom. It has participated in the Tezos ecosystem as a corporate baker. As a corporate baker, Nisbah Capital had the authority to add the validated transactions to the Tezos blockchain.
This participation in the Tezos ecosystem as a baker will help Nisbah Capital strengthen the Tezos ecosystem’s decentralization. This will encourage the company’s credibility and open up quotes for future institutional adoption in the MENA region.
Technical Specialist at Taibah Valley, Raghad Abdulghani believed that joining hands with Tezos is a massive step for the company and becoming Tezos Baker is a great responsibility. Through this, there is an opportunity for spreading knowledge about Cryptocurrencies and how they work. This partnership will also attract different companies too and help recognize the potential in the MENA region. The technology will help in building the strong footholds of the Tezos blockchain in the region.
Waleed Rassuli from Tezos Gulf is delighted to join hands with Taibah Valley and feels that this collaboration will help stimulate the adoption of decentralized blockchain technologies in the Middle East. Since there are many baking corporates in the Tezos ecosystem and now one in the Middle East, Tezos thinks it will boost the local blockchain in the region.
Taibah Valley was set up in 2008. It was established to accelerate investments and support economically viable projects. Taibah Valley believes that the activities undertaken will bring positivity for Saudi Arabia and the MEA region. Its focus areas are blockchain, IoT and AI.
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