logo
BitMart Token2049 Dubai VIP Private Party: Gathering in the Cloud to Draw the Future of Web3

BitMart Token2049 Dubai VIP Private Party: Gathering in the Cloud to Draw the Future of Web3

Dubai, UAE, May 06, 2025 (GLOBE NEWSWIRE) -- During the Token2049 Dubai Conference, BitMart, the world's leading digital asset trading platform, held a unique VIP private party at the world's highest restaurant, Atmosphere, located on the 122nd floor of the Burj Khalifa in Dubai. This high-end gathering above the cloud attracted more than 500 industry elites from all over the world, including well-known KOLs, institutional representatives, project founders and industry leaders. BitMart CEO and many executives also attended the event to discuss the future development of the Web3 ecosystem while overlooking the dazzling night view of Dubai.
In his opening speech, Nathan (Nenter) Chow, global CEO of BitMart, said: 'I would like to thank founder Sheldon for his trust and the global community for their long-term support. Today we gather in the cloud to review past developments and look forward to the future blueprint. BitMart will continue to optimize trading infrastructure and strive to provide global users with a better digital service experience.'
At the private event, the Web3-themed dinner carefully presented by Michelin-starred chefs and the melodious violin performance complemented each other, creating a unique atmosphere for this high-end business exchange. The guests had in-depth exchanges in a relaxed and pleasant atmosphere, and collided with many innovative ideas and cooperation opportunities. BitMart also specially prepared exquisite souvenirs for each guest, which was a perfect end to this unforgettable cloud appointment.
This private event with both height and warmth not only demonstrated BitMart's ability to connect global resources, but also injected new impetus into the prosperity and development of the Web3 ecosystem. In the future, BitMart will continue to promote the development of the global community, with user empowerment as the core, to create a freer and more sustainable financial future.
About BitMart
BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1,700+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto's potential to drive innovation and promote financial inclusion. To learn more about BitMart, visit their Website, follow their X (Twitter), or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere.
Disclaimer:
Use of BitMart services is entirely at your own risk. All crypto investments, including earnings, are highly speculative in nature and involve substantial risk of loss. Past, hypothetical, or simulated performance is not necessarily indicative of future results.
The value of digital currencies can go up or down and there can be a substantial risk in buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial circumstances, and risk tolerance. BitMart does not provide any investment, legal, or tax advice.
Chenkai chenkai.ni (at) bitmart.com

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

EHC Investments Concludes Participation in 'Make it in the Emirates' with Transformational Impact and Strategic Vision
EHC Investments Concludes Participation in 'Make it in the Emirates' with Transformational Impact and Strategic Vision

Time Business News

time3 hours ago

  • Time Business News

EHC Investments Concludes Participation in 'Make it in the Emirates' with Transformational Impact and Strategic Vision

Abu Dhabi, UAE – [4 June 2025] – EHC Investments, a leading UAE-based investment group, proudly announces the successful conclusion of its participation in the prestigious 'Make it in the Emirates' event, held under the patronage of the Ministry of Industry and Advanced Technology. Through its group of specialized subsidiaries, EHC made a strong impression by showcasing cutting-edge technologies, smart infrastructure solutions, and locally developed innovations that reflect the UAE's growing industrial capabilities and forward-thinking national vision. At the event, EHC highlighted a portfolio of advanced solutions in sectors critical to the UAE's future—technology, energy, digital transformation, automation, artificial intelligence (AI), and sustainability. These innovations were not only designed and developed on UAE soil but also aligned with national priorities like Operation 300bn and the country's Net Zero 2050 strategy. 'Our participation goes beyond exhibition—it's a clear message that the UAE is not just consuming innovation but creating it,' said the spokesperson from EHC Investments. 'We are committed to contributing to a resilient, diversified, and technology-driven economy by investing in solutions that are smart, scalable, and sustainable.' Among the highlights of EHC's presence were: Smart Energy Platforms focused on improving grid efficiency and renewable energy management. focused on improving grid efficiency and renewable energy management. AI-Powered Industrial Automation Systems developed locally to support smart manufacturing. developed locally to support smart manufacturing. Digital Infrastructure Frameworks that support smart cities and cloud adoption in the public and private sectors. that support smart cities and cloud adoption in the public and private sectors. Sustainable Tech Initiatives that minimize environmental impact while maximizing output efficiency. EHC's subsidiaries also engaged in strategic dialogues and partnership meetings with local and international stakeholders, reinforcing the company's ambition to become a key enabler of industrial and economic transformation in the UAE and beyond. EHC's participation at the event aligns with its broader vision to expand its investment footprint across the GCC, Africa, and Southeast Asia, with a focus on: Digital ecosystems that connect industries and communities. that connect industries and communities. Clean energy ventures that ensure long-term environmental impact. that ensure long-term environmental impact. Technological platforms that support Industry 4.0 and beyond. 'This achievement is not an end, but a strategic continuation of our journey,' added an EHC spokesperson. 'We're building a legacy of innovation, empowering industries, and actively shaping a future where technology, sustainability, and human potential thrive together.' As a trusted investment partner, EHC remains committed to collaborating with government entities, private sector players, and global innovators to deliver high-impact projects and scalable ventures that strengthen the UAE's industrial and technological ecosystem. With a strong foundation in local innovation, deep expertise across industries, and a bold outlook for the future, EHC Investments stands ready to lead the next wave of digital, industrial, and sustainable transformation. About EHC Investments EHC Investments is a diversified investment group based in the UAE, focused on driving innovation, economic diversification, and sustainable growth across key sectors such as technology, energy, infrastructure, and advanced manufacturing. With a strong presence across the MENA region and a growing global outlook, EHC champions homegrown innovation and strategic collaboration. TIME BUSINESS NEWS

Rasool Rezvani (RZ) Named Among the Most Influential Crypto Figures of 2025
Rasool Rezvani (RZ) Named Among the Most Influential Crypto Figures of 2025

Time Business News

time6 hours ago

  • Time Business News

Rasool Rezvani (RZ) Named Among the Most Influential Crypto Figures of 2025

UAE – June 2025 – Rasool Rezvani, widely known in the blockchain industry as RZ, has officially been recognized as one of the Top Crypto Entrepreneurs of 2025, according to a recent feature by International Business Times ( This high-profile accolade highlights RZ's exceptional contributions to the evolution of blockchain technology and his growing global influence in the world of decentralized finance (DeFi), tokenization, and Web3 innovation. Born in Iran and currently based in the UAE, RZ has quickly risen to become a driving force in the crypto and blockchain arena. His pioneering work centers around the RZ Ecosystem—a comprehensive blockchain infrastructure that seamlessly blends gamification, tokenomics, decentralized applications, and advanced Web 3.0 tools. What distinguishes RZ from others in the space is his successful track record of tokenizing over 20 businesses across a variety of sectors, including: Luxury Goods Global Equities Online Gaming Fashion Insurance Energy Financial Services By integrating blockchain technology into these traditionally centralized industries, RZ has demonstrated a rare ability to deliver scalable, secure, and future-ready decentralized systems. Among his standout ventures is Coin Factory, a Swiss-based entity that serves as a global launchpad for tokenization projects. Under RZ's leadership, Coin Factory has become a hotbed for high-value digital asset initiatives and cutting-edge economic frameworks adopted by internationally recognized brands. RZ's approach is deeply rooted in strategic foresight and technical excellence. His projects are widely praised for combining: Gamified User Engagement Fair Profit-Sharing Models Real-World Utility Decentralized Governance This rare blend of vision and execution continues to attract attention from both retail users and institutional investors, earning him a place among the most forward-thinking leaders in the blockchain sector. As blockchain adoption accelerates across the globe, RZ remains focused on building inclusive, borderless digital ecosystems. His platforms not only empower users economically but also push the boundaries of what decentralized technology can achieve. With a relentless entrepreneurial spirit and a passion for innovation, Rasool Rezvani is not just influencing the present state of crypto—he's helping shape its future. Instagram: @rz_rasoul MetaGamesCoin: Ranking Platform: RZCoin: RZUSD: Insurance Platform: …and many more innovative ventures soon to come. TIME BUSINESS NEWS

Dubai Billionaire Teams With Adani To Expand His GEMS Schools In India
Dubai Billionaire Teams With Adani To Expand His GEMS Schools In India

Forbes

time7 hours ago

  • Forbes

Dubai Billionaire Teams With Adani To Expand His GEMS Schools In India

Sunny Varkey, the Indian-born chairman of Dubai-based GEMS Education, one of the largest kindergarten-to-grade-12 private school networks in the world, has long-nurtured an ambition to make the GEMS brand known in his native country. Now he's found a well-connected partner to help him achieve his goal. Varkey is teaming up with Gautam Adani, India's second-richest person, to offer world-class, affordable education across the country with the target of opening 20 schools over three years. GEMS will operate the schools via a 50-50 joint venture with Adani, who controls Ahmedabad-based ports-to-power conglomerate Adani group. The joint venture will be responsible for everything from management to teacher recruitment and training. While exact details of the tie-up are not available, the Adani Foundation has pledged to provide 20 billion rupees ($234 million) to be used to offer 30% of seats in some schools to less-privileged students for free. The first Adani GEMS School of Excellence has already opened in Lucknow. Sunny Varkey and Gautam Adani Courtesy of ADANI Varkey's push into India—where he currently has just two schools, in Kochi and Gurgaon—comes as GEMS is riding high in its home market of Dubai, which is experiencing a post-Covid-19 influx of expatriates that has created rampant demand for everything from property to school seats. The 68-year-old entrepreneur, who built his education empire over more than four decades from just one school with 350 students, sees this as a golden chance to revive his ambitions to scale up the GEMS network of 92 schools in eight countries. 'We definitely have the capability, the ambition and the brand to exploit the opportunity,' he says in a rare interview at his spacious villa in the city's upscale Jumeirah district. Varkey has earmarked $300 million for expansion over the next three years across the UAE, where the private education market is estimated to grow at a compound annual growth rate of 7.5% to $10.3 billion by 2030, according to Hyderabad-based market research company Mordor Intelligence. He plans to spend the bulk of the investment in Dubai, where expats—who make up 92% of the population, according to marketing firm Global Media Insights—do not have access to the public school system. Varkey has earmarked $300 million for expansion over the next three years across the UAE, where the private education market is estimated to grow at a compound annual growth rate of 7.5% to $10.3 billion by 2030, according to Hyderabad-based market research company Mordor Intelligence. He plans to spend the bulk of the investment in Dubai, where expats—who make up 92% of the population, according to marketing firm Global Media Insights—do not have access to the public school system. 'We definitely have the capability and the brand to exploit the opportunity.' A third of the capital outlay will go toward the new ultra-premium GEMS School of Research and Innova­tion set to open in August in Dubai Sports City, a residential and sports complex located in the south of the emirate. With a campus spread across four hectares, it promises cut­ting-edge AI technologies and a host of amenities, from a robotics lab and a 600-seat auditorium to an Olympic-size swimming pool and even a helipad. Annual fees will be as much as $56,000 for the higher grades, which will be introduced in a few years. GEMS School of Research and Innovation in Dubai Sports City. Courtesy of GEMS Education Presently, there are nearly 400,000 students of 185 nationalities enrolled in Dubai's private schools, according to the Knowledge and Human Development Authority (KHDA), the private school regulator. But that number is set to increase exponentially as expats continue to be drawn by Dubai's low-tax environment and stable economy. The government estimates the city's population will more than double to 7.8 million in 2040 from 3.3 million in 2024, That, in turn, is likely to fuel demand for so-called premium schools that promise high-quality education at nosebleed prices. Last year, the emirate unveiled a strategy to upgrade Dubai's education system to world-class by 2033. The KHDA says it will approve at least 90 more private schools by then, compared with 227 as of January 2025, adding close to 50,000 school seats. Five private schools were launched in the 2023-24 academic year and ten more opened in 2024-2025, according to the KHDA. It says a further 20 applications are under review. GEMS claims a 26% share of Dubai's private education market, based on enrolments, with more than 100,000 students across 28 mostly K-12 institutions, three of which opened in the past five years. Its schools follow the British, American, IB and Indian curriculums and annual fees start from $2,000. GEMS's Ebitda rose 12% to $380 million in 2024 from a year earlier, while revenue climbed 17% to $1.4 billion, according to estimates compiled by debt-rating agency Fitch Ratings. (Net profit wasn't available for this period.) 'We are still very UAE-centric,' acknowledges Dino Varkey, 44, the older of Varkey's two sons and GEMS group CEO (younger son Jay, 40, is deputy CEO), 'because our brand and brand equity are much more well-known in this part of the world.' Dino Varkey, CEO of GEMS group Courtesy of GEMS Education Well-known enough to pull in a $2 billion investment in June last year from a consortium led by New York-based Brookfield Asset Management that includes Dubai financial services firm Gulf Islamic Investments, global private equity outfit Marathon Asset Management and the State Oil Fund of the Republic of Azerbaijan. 'The schools that GEMS runs in the UAE are amongst the most respected,' says Jad Ellawn, Brookfield managing partner and regional head in the Middle East. 'We feel very, very good about our investment.' The structured deal gives the consortium preferred shares in GEMS, the value of which will be decided after an undisclosed period and based on the company achieving certain milestones, according to Varkey. While neither the educator nor Ellawn would reveal details, Dino says the consortium 'will have the same governance rights that you would expect for a significant minority stakeholder.' The Brookfield-led group is the fourth investor consortium Varkey has tapped since 2000. 'Our biggest challenge has always been finance,' he says. 'You can only borrow up to a certain point.' While Varkey has explored the possibility of an IPO for GEMS in the past, so far it has not been necessary, he insists. The month after the investors signed on, GEMS secured a $3.3 billion loan from a clutch of banks led by Dubai Islamic Bank, Mashreq, Abu Dhabi Commercial Bank and First Abu Dhabi Bank, further strengthening the balance sheet and helping pay off nearly $1.9 billion in debt. The financing accords also paved the way for the exit of a previous investor consortium, led by Luxembourg-based PE firm CVC Capital Partners, which backed GEMS in 2019. Varkey, whose estimated fortune is $4 billion based on his stake in GEMS and after accounting for personal debt, says GEMS benefits from its dominant position and deep understanding of the UAE market. 'We are not coming from somewhere else, we know the market,' he maintains. That may be, but competition is escalating. Britain's venerable Harrow International Schools tied up with Dubai-listed education provider Taaleem Holdings earlier this year to open two schools, one each in Dubai and Abu Dhabi. Likewise, London-based Nord Anglia Education, which has more than 80 schools across 33 countries, launched a school in Abu Dhabi in August 2023. 'We are not coming from somewhere else, we know the market.' Sami Yosef, head of global research at London-based ISC Research, a provider of data on international schools (GEMS is a client), says there is room for more players. 'The UAE needs more schools, and there are waiting lists in so many schools.' Still, the family is not complacent. 'We have to leverage our legacy and our position as the market leader to insulate ourselves against increasing competition,' says Dino. Sunny Varkey grew up in the education business. His parents migrated to Dubai from the southern Indian state of Kerala in the late fifties and taught English before opening their own school in 1968. Varkey, who attended boarding school in Kerala from age 4, joined them when he was 11, but headed to the U.K. for one year of schooling before returning to Dubai to complete his final year of studies. He skipped college and entered Standard Chartered Bank in Dubai as a general clerk at age 19. A couple of years later he launched a school building and maintenance company called Chicago Maintenance & Construction that remains part of his holding outfit, Varkey Group. In 1980, Varkey took over his parents' school and started expanding, opening 15 schools in the UAE over the following two decades. Thereafter, he began looking further afield with the ambition of making a global imprint. The U.K. was the first market outside the UAE that Varkey bought into, acquiring more than a dozen schools there in 2003, including ten from rival Nord Anglia. The country, where he operates mostly under the Bellevue brand, remains his biggest market beyond the Middle East. Elsewhere, however, his forays have produced mixed results, including in his native India. Over five years starting in 2011, Varkey bought a nearly 35% stake in Chennai-based edtech company Everonn Education, but the firm went into liquidation in 2016, something he declines to comment on. There were also greenfield forays into Singapore, Malaysia and Kenya over the past two decades that he exited after a few years. 'I should have done more acquisitions rather than doing greenfield ventures,' he says in hindsight. 'You take a few years to get the land, a few years to construct, and then a few years to break even. It was the wrong thing to do.' A GEMS school in Switzerland closed in 2019 and its leaseholder sued a Cayman Islands-based arm of GEMS for unpaid rent. The Luxembourg-based financial holding company, Meigerhorn, was awarded 63 million Swiss francs ($77 million) plus interest and other costs in 2022, and the Caymans entity was subsequently put into liquidation. GEMS declined to comment on the case. The Covid-19 pandemic tested Varkey's resilience as schools were shut down, enrolments stalled and GEMS offered fee concessions to parents who had lost their jobs. While virtual classes continued during Covid, the company lost out on other lucrative income streams during that period, such as transportation and catering services, both of which recovered once schools reopened in August 2020. 'Sunny is a fighter and has deep knowledge of every aspect of the education business,' says V. Shankar, cofounder and CEO of Dubai-based PE firm Gateway Partners, who was previously on the board of the Varkey family's philanthropic arm, the Varkey Foundation. 'He's hard working, hard-charging and a consummate entrepreneur.' Varkey has to contend with lingering challenges in the UAE, including higher construction and operating costs and a shortage of skilled workers, according to a 2023 industry report by Dubai-based investment banking advisory firm Alpen Capital. Varkey maintains that GEMS, which has 24,000 employees, is a sought-after employer, saying the company 'gets around 600,000 applications a year for about 2,200 vacancies [in teaching, administration and management].' In May, the KHDA announced a ten-year golden visa for private education professionals to help address the shortage. Another potential snag: The individual emirates regulate private school fees, which could crimp profitability. But ISC Research's Yosef says regulation 'is also part of what has made the UAE's private education sector both attractive and resilient, creating stability for families and predictability for investors.' As part of his expansion plans, Varkey, learning from past missteps, says he will also adopt an asset-light strategy. A key component of this is a consulting business in which GEMS partners with governments, wealthy individuals or other schools by contributing its expertise rather than capital. 'The consulting business will be a game-changer,' says Varkey confidently. GEMS has invested $50 million in developing what it calls a School Support Centre in Dubai that provides guidance on everything from running programs for gifted children and training teachers to performance audits and crisis management. Despite a self-confessed aversion to studying in his youth, Varkey's enthusiasm for the business of schooling remains undimmed. 'We have to make sure we continue to lead the sector,' he says. 'We have to be a company that everyone wants to be a part of.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store