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Reef Launches $10 Million Accelerator Program for Web3 Projects in the Middle East

Reef has launched a $10 million Accelerator Program for Web3 projects based in the Middle East. The program, managed by Reef Labs, aims to support, incubate, and invest in promising Middle East-based Web3 developers, teams, and projects building on the Reef Chain. This initiative seeks to drive Reef’s vision for growth, making it the de-facto blockchain in the MENA region.

The program will provide financial support, mentorship, marketing, and business development assistance to selected projects. Reef is ideally positioned to deliver enterprise-grade solutions with high scalability, cost-effective transactions, extensible EVM, and on-chain upgradability features, thus stimulating inventive models to harness blockchain technology.

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