Capstone Technology, a UAE-based leader in blockchain and AI solutions, has successfully raised $5.45 million (Dh20 million) in its initial funding round. The capital will fuel the development of its GAYA blockchain project, designed to foster a network for entrepreneurs in gaming, AI, and entertainment.
The GAYA project aims to offer innovative blockchain-driven solutions, aligning with the UAE’s broader vision of a sustainable digital economy. By leveraging cutting-edge technology, GAYA will create an entrepreneurial ecosystem that supports growth and opportunity in emerging digital sectors.
Abdullah Al-Mousa Al-Maksour, CEO of Capstone Technology Group, emphasized the strategic importance of this initiative, stating that it will empower a new generation of entrepreneurs and drive sustainable growth through blockchain and AI.
Capstone Technology plans to utilize the funds to manage its technological assets, develop Web3 applications in collaboration with emerging entrepreneurs, and expand its regional footprint. The company also aims to enhance its platform, providing increased value to its customers while supporting the UAE’s digital economy ambitions.
