The Solana (SOL) Foundation has partnered with this country to establish the first Blockchain Economic Zone in Central Asia! Here are the details.

The Solana Foundation signed a Memorandum of Understanding with the Government of Kazakhstan, marking a first in Central Asia.

Solana Established Partnership with Kazakhstan: The First Blockchain Economic Zone in Central Asia is Being Established

This collaboration aims to establish a "Solana Economic Zone" in the country. The new initiative aims to make Kazakhstan a regional blockchain hub, promote Web3 technologies, and attract global talent.

In a statement made from Solana's official X account, it was emphasized that this collaboration is Solana's first partnership with a government in Central Asia.

The project includes a special economic zone aimed at serving as a technology-focused accelerator, similar to the Crypto Centre model within the Dubai Multi Commodities Centre (DMCC).

Kazakhstan's Minister of Digital Development, Innovation and Aerospace Industry Zhaslan Madiyev stated that this initiative is an important step for both the country's economy and the global crypto ecosystem.

"We are determined to establish a resilient and competitive digital infrastructure. Thanks to projects like the Solana Economic Zone, we will be able to test and implement next-generation solutions ranging from asset tokenization to the cultivation of Web3 capabilities."

The Economic Zone Will Focus on Three Main Goals

The Solana Economic Zone, supported by Solana technology, aims to develop the country's Web3 infrastructure under three main headings:

1. Tokenize the Development of Capital Markets: Astana International Exchange (AIX), in partnership with the Solana Foundation, Jupiter, and Intebix, will launch a pilot project to integrate tokenized products into traditional financial markets in Kazakhstan.
2. Creation of a Web3 Developer Community: Training programs focused on the Rust programming language will be initiated in collaboration with local universities to cultivate expert developers in the Web3 field.
3. Infrastructure and Incentives for Blockchain Companies: The economic zone will provide regulatory support, access to infrastructure, and business incentives to encourage blockchain companies to operate in Kazakhstan.

This collaboration is seen as part of the Solana Foundation's vision to enhance strategic relationships with governments on a global scale. It is also considered an important step for Kazakhstan to expand its role in the digital economy.

*It is not investment advice.

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