Aurus Selected for Web3 Acceleration Program by TDeFi & DMCC

Dubai Multi Commodities Centre (DMCC) has partnered with TDeFi to launch an accelerator program for Web3 and blockchain companies in Dubai. The aim of this collaboration is to provide mentorship and support to startups in the Web3 and blockchain space, helping them to scale and grow their businesses.

From the overwhelming response of over 100+ applications, Aurus is proud to be selected as one of 25 companies to participate in this prestigious Web3 Acceleration Program.

About the Program: Web3 Incubator

The acceleration program kicks off on September 5th, 2023, with a range of mentor sessions covering legal and compliance, web3 marketing, fundraising, and token economics. Participants are able to gain practical experience by using their own projects as case studies during workshops on token economics and token markets management. The program culminates in a Demo and Pitch Day, with 20+ venture capitalists and investors serving as judges, representing over $IBn in cumulative AUM.

During the 30-day program, Aurus will tap into a wealth of resources focused on fostering growth within the Web3 and blockchain ecosystem. Key offerings of the program include:

• Expert Workshops: Aurus’ team will participate in daily sessions hosted by crypto experts, industry KOLs, and successful entrepreneurs.
• Networking with Blockchain Leaders: TDeFi's mentors will stand ready to offer feedback and guide Aurus to achieve its next milestones.
• Alumni Club:  The program's conclusion isn't the end of our collaboration. It marks the onset of sustained networking with TDeFi's incubated startups, partners, and corporates.
• Facilitated Fundraising: TDeFi team has facilitated fundraises exceeding $200M.
• Demo Day: The program’s conclusion is more than just a pitching session. It's a doorway to connect with an expansive network of Funds, VCs, and Partners. It's the day where projects can truly shine and kickstart their fundraising sprint.

Why Aurus Topped the Selection List: Distinct Qualities

Before we dive into the exciting potential of this acceleration program, let’s talk about why Aurus was one of the 15 chosen from hundreds of participants. Three pillars distinctly set Aurus apart:

• Unique Selling Points: Rooted in cutting-edge technology and a deep understanding of the precious metals market, we've developed solutions that uniquely address market gaps and user needs. We’ve made it easy to buy, trade, and store precious metals (gold, silver and platinum), grams at a time, 24/7, at minimal fees, at the convenience of your mobile phone. 
• Untapped Potential: Aurus is at the forefront of tokenization of real-world assets, pioneering use cases for precious metals that were previously unfathomable. Bridging the gap, and addressing various use cases in several new untapped markets such as Payments, DeFi, gaming, NFTs, and Web3.
• Regulatory Compliance: Aurus adheres the strictest standards and is one of few projects truly compliant within the current regulatory framework. Operations are conducted by the Aurus Foundation in the UK where we received the regulatory nod in 2020, and Aurus Markets DMCC in the UAE, which is licenced by the DMCC. 

Aurus' Accelerated Vision:  Use Cases for Web3 and Beyond

The Web3 Acceleration Program poses as an excellent opportunity for Aurus to accelerate our development plans and further establish our presence in Dubai, the global hub for innovation in Web3 and blockchain. With the support of  TDeFi, DMCC, and — as always — our community, Aurus will enhance the usability of precious metals even more, implementing various use cases in several markets, such as Payments, DeFi, gaming, and NFTs. Some of the developments you can expect from us include:

• Aurus first NFT collection: Our NFTs backed by precious metals will be launched on February 2024. (More information about this exciting project will be announced soon. Stay tuned!)
• Gold in DeFi: Precious metals as a financial primitive (collateral) in DeFi protocols. That is, PMs as a productive yield-bearing asset with the ability to earn a yield by providing liquidity in DeFi. 
• Gold in Gaming: Ability to create sustainable real-asset-backed in-game economies by bringing precious metal-backed tokens and NFTs to online games. 
• Gold as a payment: a network of stable value transfer in the global payments market. The Aurus Vault Card V2 is soon to launch, enabling users to spend precious metals via the Mastercard network.

From Vision to Reality: Aurus' Path to Modernizing Precious Metals

As we gear up for Demo Day, Aurus is not merely prepping for a pitch. We're embarking on a mission to share a vision — one where the blend of precious metals and blockchain technology paves the way for a reimagined and democratized marketplace. The acceleration program, powered by our partnership with TDeFi and DMCC, will act as a catalyst, propelling Aurus into uncharted territories. This new chapter brings all of us closer to a world where our solutions don’t only make precious metals accessible, but modern, fun, and deeply integrated with our digital lives.

About tDeFi

TDeFi is a web3 incubator and consulting firm dedicated to promoting the adoption of web 3 technologies. We aim to remove barriers hindering web 3 adoption by offering an access to renowned mentors, token engineering, token management, community growth assistance, exchange listings, investor connections, and growth hacking partnerships. Since 2020, TDeFi has successfully guided 55+ companies through the token markets. Several of our portfolio companies have achieved market capitalizations exceeding one billion dollars. 

About DMCC Crypto Centre

The DMCC Crypto Centre is a complete Web3 ecosystem for companies that develop Web3, blockchain technologies, and associated value-added services, providing everything that crypto businesses and entrepreneurs need to scale their operations. With a progressive and supportive regulatory environment, a strong pool of industry talent, and an ecosystem that provides resources, opportunities, knowledge, and access to capital through global partners, the DMCC Crypto Centre is perfectly placed to help crypto businesses grow their global operations.

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