Capstone Tech secures $5.4M for GAYA blockchain initiative

Capstone Technology, a blockchain and AI company based in the United Arab Emirates (UAE), has secured $5.45 million in funding to advance its GAYA blockchain project.

The funding will be directed toward developing a blockchain network specifically designed for entrepreneurs in the gaming, artificial intelligence (AI), and entertainment sectors.

This initiative aims to foster innovative solutions that contribute to a sustainable digital economy.

The GAYA project focuses on more than just building a blockchain platform; it also seeks to create a supportive network for entrepreneurial ventures in targeted industries.

Abdullah Al-Mousa Al-Maksour, CEO of Capstone Technology Group, described the project as a strategic move to foster an entrepreneurial environment through the use of advanced technology.

“The new project represents a strategic step towards an entrepreneurial environment based on using the latest technology to empower a new generation of entrepreneurs and tap new horizons for sustainable growth,” he stated.

With this funding, Capstone Technology plans to concentrate on managing technological assets and developing Web3 applications in partnership with emerging entrepreneurs.

The company intends to use the capital to expand its presence in the region and enhance its platform, thereby increasing the benefits provided to its customers.

The CEO emphasised that dedicating the new funding to support blockchain adoption among entrepreneurs aligns with the UAE’s vision for a digital economy.

By focusing on sustainability and technological innovation, the GAYA project aims to position Capstone Technology as a significant contributor to the region's digital transformation.