Dubai, UAE, June 19th, 2023, Chainwire

MaskEX, the next-generation crypto exchange based in Dubai, proudly announces the launch of MaskEX Labs, a dedicated sub-division of the exchange committed to research, strategic partnerships, a proprietary launchpad, and a Web 3.0 accelerator program. MaskEX Labs aims to spearhead innovation within the digital asset industry while contributing to Dubai's vision of becoming a leading smart city. Starting with research, various areas of activity will be rolled out over the next two quarters, reinforcing MaskEX's commitment to fostering growth and pushing the boundaries of the virtual asset ecosystem.

As part of its research initiatives, MaskEX Labs will publish monthly research papers in English, Arabic, Chinese, Vietnamese, and Russian. These papers will delve deep into the digital asset industry, exploring crucial discussions and shedding light on the latest developments. MaskEX Labs aims to bridge knowledge gaps and foster a global understanding of the digital asset landscape by providing valuable insights in multiple languages. These monthly research papers will be available to the general public and can be found on the MaskEX Blog & Academy under the MaskEX Labs section.

MaskEX Labs also seeks to drive innovation through strategic partnerships. The division will collaborate with projects and companies that develop Dubai and other innovation hubs as smart cities. This extends beyond crypto alone, as MaskEX Labs will work at the intersection of blockchain, digital assets, and different industry verticals such as Artificial Intelligence, Electric Vehicles, Sustainable Energy, Payments, Real Estate, and more. By nurturing these partnerships, MaskEX Labs aims to unlock new growth opportunities and contribute to transforming Dubai and other forward-looking cities into a comprehensive hub for business and finance.

Furthermore, MaskEX Labs will introduce a proprietary launchpad in Q4, enabling MaskEX users to gain early exposure to the most promising projects. Crucially, this launchpad will be impact-driven, aligning with MaskEX's commitment to facilitate the adoption of cutting-edge technologies for the betterment of society.

In line with its dedication to Web 3.0 innovation, MaskEX Labs will also roll out a Web 3.0 accelerator program in Q4. This program aims to support entrepreneurs and companies looking to transition from Web 2 to Web 3.0 by offering specialized services such as consultancy, networking, project design, tokenomics support, technical assistance, brand exposure, go-to-market strategy, and potential coin listings across multiple partner exchanges.

Eric Yang, CEO of MaskEX, expressed his enthusiasm about the launch of MaskEX Labs, stating, "Innovation is at the core of our mission at MaskEX, and the establishment of MaskEX Labs is a testament to our commitment. We believe it will play a vital role in contributing to Dubai's smart city aspirations in the coming years and driving the next phase of our industry's development."
Ben Caselin, Vice President and Chief Strategy Officer at MaskEX, commented on current market conditions, stating, "Despite the challenges faced by the industry and bearish market sentiment, there is a remarkable appetite for Web 3 innovation across the MENA and APAC regions. With regulatory uncertainties in the USA, jurisdictions such as Dubai and Hong Kong have the potential to emerge as comprehensive hubs for business and finance, positioning themselves as pillars of the future digital assets economy."

MaskEX Labs sets the stage for transformative advancements in the digital asset industry. With its commitment to research, strategic partnerships, proprietary launchpad, and Web 3.0 accelerator program, MaskEX is poised to drive innovation in the MENA region and beyond.

About MaskEX

MaskEX is a next-generation centralized crypto exchange that aims to provide everyone with easy and secure access to digital assets. Founded in 2021, MaskEX is committed to empowering users globally and contributing to the growth of the crypto and blockchain industry by offering a wide range of innovative products and services to its users.

MaskEX offers a user-friendly interface and advanced trading tools, making it easy for novice and experienced traders to navigate the crypto market. The exchange provides a comprehensive range of products, including savings packages, over 300 spot pairs, and deeply liquid markets for perpetual contracts. Additionally, MaskEX offers a range of on- and off-ramp products to help users easily convert fiat currency to digital assets and vice versa.

With a growing user base of over one million users globally, MaskEX is dedicated to promoting the adoption of digital assets and building a more inclusive economy for all smart cities and their citizens.

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