Nisbah Capital has collaborated with Tezos ecosystem as a corporate baker, and have added the Tezos blockchain to its blockchain lab projects as part of its initiative to create the biggest blockchain community in the MENA region to support commercialized applications, counselling, mentoring and researching in the areas related to blockchain and crypto currency.
“By becoming a Tezos baker, we see an opportunity to spread the knowledge about crypto currencies and how they work, and to attract different companies to recognize the potential in the MENA region. In addition, we believe that baking will help build the future of the Tezos blockchain in the region,” stated Raghad Abdulghani,Technical Specialist at Taibah Valley.
In addition, through its subsidiary, Nisbah Capital, Taibah Valley has said to become the first corporate entity in the Kingdom to participate in the Tezos ecosystem as a corporate baker, meaning that it will now validate transactions (blocks) and add them to the Tezos blockchain. Participating in the ecosystem as a baker aims not only strengthening the decentralization of the Tezos ecosystem but also reinforcing its credibility and paving the way for future institutional adoption in the MENA region.
Waleed Rassuli from Tezos Gulf added, “This collaboration with Taibah Valley will be a major driver to stimulate the adoption of decentralized blockchain technologies in the Middle East. Given the increasing number of corporate bakers in the Tezos ecosystem, we think that having one in the Middle East will give local blockchain projects in this region a boost.”