Abu Dhabi's Hub71 has launched the "Hub71+ Digital Assets" initiative with over $2 billion in backing, aiming to advance Web3-based innovations and provide startups with access to infrastructure and a progressive regulatory environment. FABRIC and digital asset exchanges will be anchor partners, and the program will help businesses expand to Abu Dhabi and the Middle East, including Web3 startups at the "unicorn" stage. The initiative is part of Abu Dhabi's efforts to establish the UAE as a leader in the Web3 space.

Source:

https://cointelegraph.com/news/abu-dhabi-to-back-the-growth-of-web3-startups-with-2b

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