stc Bahrain, a world class digital enabler, has teamed up with Ava Labs to advance the progress of Web3 in the region. By launching an Avalanche Subnet as part of its Web3 Launchpad Program, stc Bahrain is striving to accelerate the adoption and expansion of blockchain across the Middle East.
The partnership was announced today at Token 2049 in Dubai. As part of stc Bahrain’s Web3 Launchpad Program, Avalanche has been selected as the Qala’a Path Partner and Industry Ambassador. The Qala’a Path is named after a UNESCO heritage site, Qala’a al-Bahrain (Bahrain Fort), emblem of strength and intercultural confluence. The partnership aims to build a foundation for Web3 in the region.
stc Bahrain is a subsidiary of stc group, the most valuable telecom brand in the Middle East with a brand valued at $13.9B. stc has a track record of innovation, highlighted by the initiatives of deploying the world’s largest undersea cable (linking Europe, Africa, and Asia) and the development of the region’s first integrated data center park, which covers 55,000 square meters.
Now, stc Bahrain will be using Avalanche to catalyze the region’s Web3 development.
To stc Bahrain, Avalanche stands out for its near-instant transaction finality, high throughput, and robust Subnet architecture allowing for the development of customized solutions. Subnet performance and flexibility will prove key to the sweeping initiative, as stc Bahrain’s launchpad aims to establish a regional ecosystem consisting of a range of dApps – all while maintaining high performance and security.
As an Avalanche builder, supporter, and official ambassador in MENA, stc Bahrain will spur the greater adoption of Web3 on Avalanche in the region. This will entail fostering innovation and driving community engagement via co-marketing, conferences, hackathons, and related efforts.
"We are excited to embark on this journey with Avalanche, leveraging their groundbreaking technology to elevate our Web3 infrastructure,” said Saad Odeh, Chief Wholesale Officer at stc Bahrain. “Deploying an Avalanche Subnet is a testament to our dedication to leading digital transformation and innovation in the region.”
“We are honored to align with stc Bahrain to expand Avalanche’s presence in the Middle East and North Africa,” said John Nahas, SVP of BD at Ava Labs. “Subnets have the performance and flexibility needed for stc Bahrain to cultivate a powerful Web3 ecosystem, and for the people of these regions to benefit from cutting-edge blockchain applications. This launch coincides with our larger plans for the MENA region which are upcoming.”
To learn more, please visit stc Bahrain’s website.
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 orce 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.
About Avalanche
Avalanche is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions. Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs.
Website | Whitepapers | Twitter | Discord | GitHub | Documentation | Telegram | Facebook | LinkedIn | Reddit | YouTube