Lionscraft and stc Bahrain have signed a partnership agreement in the Metaverse to pave the way for Web3 in the Middle East.
Stc Bahrain, in partnership with Lionscraft, to lead the way for Web3, introducing the next evolution of the digital economy.
March 2024 - stc Bahrain, a world-class digital enabler, today announced a strategic partnership with Lionscraft to build the infrastructure for the next digital evolution, Web3.
This collaboration aims to position stc Bahrain as the leading provider of Web3 infrastructure services in the Kingdom of Bahrain and the broader Middle East region. The partnership will facilitate the development and deployment of innovative Web3 solutions in the region.
The signing ceremony for this partnership took place entirely within the Sandbox Metaverse, showcasing the innovative spirit of both entities and setting a precedent for future digital engagements in the region. Additionally, the partnership agreement itself was deployed as a Non-Fungible Token (NFT) on the Avalanche network, further demonstrating the commitment to embracing the transformative potential of Web3.
stc Bahrain Chief Wholesale Officer Mr. Saad Odeh commented on the partnership, saying: “Web3 is progressively solidifying its form. While it may be perceived as another iteration of the internet, it represents a generational shift. stc BH will offer several Web3 infrastructure services, serving as a cornerstone to enable dynamic user experiences while ensuring greater data sovereignty and privacy to internet users. We are thrilled to contribute to establishing the groundwork for the future and spearheading the transformation of the digital experiences in MENA region. We are committed to executing our mandate of empowering the next phase of digital transformation in alignment with the Bahrain Economic Vision 2030.”
Lionscraft Co-Founder Antonio Bartulovic added, “Our partnership with stc Bahrain is a foundational step for Web3 in a region witnessing rapid user growth. By establishing this digital infrastructure, we provide a base for further innovation, inviting others to build upon it. I'm excited about this collaborative effort, as it opens up significant opportunities for stc Bahrain, the Web3 space, and sets us on a path towards transformative change.”
This collaboration between Lionscraft and stc Bahrain marks a significant step towards realizing the immense potential of Web3 in Bahrain and the Middle East region. The partners invite Web3 leaders and all interested parties to join in shaping the future of the digital economy, and exploring the transformative possibilities of a decentralized future.
About stc Bahrain
stc Bahrain, a subsidiary of stc Group, is the fastest-growing, most innovative telecommunication operator in Bahrain. Since its inception in 2010, stc Bahrain revolutionized the telecommunications industry in the Kingdom of Bahrain and quickly became a market leader, a position that it kept to this day through investing in next-generation technologies and introducing innovative solutions to the people of Bahrain. In 2018, stc Bahrain disrupted fintech with its stc pay ecosystem of services.
stc Bahrain made many local, regional and global breakthroughs, earning it over 20 awards in just eleven years for being the best, widest and fastest network that connects people with an empowering host of products and services. Its persistent dedication to innovation has positioned it as a driving force in delivering telecommunication, digital and mobile financial services for everyday customers, homes and businesses. Together with a broad spectrum of benefits and customizable offerings that provide utmost control and flexibility in a world of evolving digital needs, stc Bahrain today has not only become the preferred Telecommunications network in Bahrain, but also the most forward-looking fearless disruptor in Telecommunication and Fintech.
For more information, please visit www.stc.com.bh and follow us on: X(Twitter) | Instagram | YouTube | Facebook | LinkedIn
About Lionscraft
Lionscraft was founded in the midst of the digital revolution. We are a dynamic Web3 strategy and technology firm, driving growth and innovation in organizations by harnessing the power of Web3. Lionscraft provides cutting-edge business and technical solutions, empowering organizations to navigate the complex and fast-evolving Web3 landscape. Together with our diverse range of clients – from Web3 industry leaders to global powerhouses in finance, technology, and communications, we are shaping the future of Web3.
Explore more about Lionscraft’s vision and offerings on our website www.lionscraft.io and follow us on social media: X(Twitter) | LinkedIn
