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Strategic Partnership Established Between stc Bahrain and Lionscraft for Web3 Development
A strategic partnership has been established between stc Bahrain and Lionscraft to jointly develop a framework in alignment with the upcoming Web3 digital transformation. The collaboration aims to position stc Bahrain as the primary provider of Web3 framework solutions not only in Bahrain but also across the wider Middle East region. It seeks to facilitate the creation and implementation of innovative Web3 solutions within the nation.
The collaborative effort unfolded within the Sandbox metaverse, showcasing the innovative essence of both organizations. Interestingly, the transaction was structured as a non-fungible token (NFT) on the Avalanche network.
Goals and Objectives
Saad Odeh, the chief wholesale officer of stc Bahrain, emphasizes that the organization will introduce a range of Web3 framework solutions to enhance user exposure, while prioritizing improved data control and user privacy. This strategic move reflects stc Bahrain’s commitment to staying at the forefront of technological advancements.
Antonio Bartulovic, co-founder of Lionscraft, highlights that the partnership with stc Bahrain will lay the groundwork for establishing a digital infrastructure that fosters innovation and encourages collaboration from various stakeholders. Moreover, the collaboration between the two entities is expected to drive groundbreaking changes, opening up a multitude of opportunities related to stc Bahrain and the Web3 ecosystem.
Background on stc Bahrain and Lionscraft
stc Bahrain, an affiliate of the stc Group, has been actively enhancing its presence in Bahrain’s digital, mobile, and telecommunications sectors. Since its establishment in 2010, the organization has revolutionized the telecommunications industry, claiming the top position. With the introduction of its stc pay ecosystem products in 2018, stc Bahrain ventured into the fintech realm. Over the past eleven years, the company has received a total of twenty accolades, solidifying its position as an industry leader.
Lionscraft emerged during the onset of the digital revolution and has established itself as a prominent Web3 technology and strategy firm. The company specializes in providing advanced business and technical services, enabling organizations to adapt to the ever-evolving Web3 landscape seamlessly. Through its connections in various sectors such as finance, technology, and communications, Lionscraft aims to spearhead a transformative shift in the trajectory of Web3.
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