In a partnership aimed at broadening its celebrity token impact to the Middle East, the Global Crypto Offering Exchange (GCOX) has signed a memorandum of understanding (MOU) with Bin Zayed International L.L.C

In addition to meeting the expanding demand for decentralised blockchain applications all over the world, this brand-new calculated partnership, which was signed throughout the Future Blockchain Summit in Dubai, paves the way for the launch of UAE's initial fully-licensed celeb tokens crypto exchange.

" With the global crypto market forecasted to be worth over US$ 6 billion by 2025, and the rate of fostering anticipated to grow significantly in the coming year, the significance of capitalising on the substantial potential for development and blockchain advancement could not be underrated. The UAE government, which announced last month that over fifty percent of all government purchases are anticipated to be powered by blockchain modern technology by 2021, goes to the leading edge of this trend, making this partnership with His Highness Sheikh Khaled Bin Zayed Al Nahyan a substantial milestone for us and the industry in its entirety," claimed Sir Dr. Jeffrey Lin, President of GCOX.

Sir Dr. Lin's view was resembled by His Highness Sheikh Khaled Bin Zayed Al Nahyan, that is likewise the Chairman of Bin Zayed International L.L.C.

Through strategic partnership with GCOX, I am committed to push the frontiers of services further even more, accelerate the mainstream fostering of blockchain and purpose to develop UAE's very first fully-licensed token exchange in Dubai," said Sheikh Khaled Bin Zayed Al Nahyan.

As the world's first celebrity crypto tokens exchange, GCOX enables celebs to create, list and trade their personal crypto symbols on its own blockchain called Recognition. The organisation aims to link the space in between a show business valued at US$ 2.2 trillion and the burgeoning blockchain crypto market, leveraging the technology to revolutionise and redefine popularity.

GCOX has already amassed a stella cast of private placement investors, financiers, consisting of the Philippines' international boxing superstar and legislator Manny Pacquiao, former England football super star Michael Owen, who is also a member of the GCOX advisory board, Lim How Teck, the Chairman of Heliconia Resources, the financial investment arm of Singapore's Temasek Holdings, as well as billionaire and 1999 Singapore Entrepreneur of the Year, Tommie Goh.

GCOX's group also boasts off individuals from a range of backgrounds, with solid business, technical and corporate pedigrees that vary from financing, property monitoring and corporate technique to home entertainment, musicians management and star relationships.

According to Sir Dr. Lin, blockchain marks the start of the new Internet of Value, which will certainly allow anyone to exchange anything of worth with others - from regular flyer indicate intellectual property.

" Till recently, transactions such as these have always required a third-party intermediary such as a bank or solution. However, blockchain innovation has enabled purchases to be executed peer-to-peer in a clear way makings it highly protected, extremely efficient, and significantly decreases expenses," said Sir Dr. Lin.

For GCOX, this means that followers and celebrities in the UAE and around the world will be able to engage with their preferred celebrities and celebrities without the demand for any type of third-party intermediary, making interaction much more individual. This subsequently will certainly incentivise followers to continue additional interaction with the celebs.

" As the widespread adoption of blockchain technology boosts, the Internet of Worth will expand rapidly. Establishing the region's very first celeb tokens crypto exchange in the UAE will certainly create tremendous value that will benefit celebrities and their fans alike, and bring huge increases in safety and transaction rate," stated Chairman Sheikh Khaled Bin Zayed Al Nahyan.

For more information, please go to www.gcox.com.

Captions:

1. His Highness Sheikh Khaled Bin Zayed Al Nahyan with GCOX CEO, Dr Jeffrey Lin at the MOU Signing Ceremony

2. After signing the MOU, GCOX CEO, Dr Jeffrey Lin presents His Highness Sheikh Khaled Bin Zayed Al Nahyan with a pair of boxing gloves autographed by Manny Pacquiao

3. Following the signing of an MOU, GCOX CEO, Dr Jeffrey Lin gives His Highness Sheikh Khaled Bin Zayed Al Nahyan a unique souvenir a soccer ball signed by former England superstar footballer Michael Owen