Avalanche Completes First Blockchain Accelerator Track Within Hub71
Avalanche launches first private blockchain accelerator inside Hub71 and partners with LuLu Financial for $19B remittance network.
Blockchain network Avalanche completed the first-ever private blockchain track within Hub71 during Abu Dhabi Finance Week. The initiative connects UAE startups with the global Avalanche ecosystem, providing technical support and mentorship.
A strategic partnership with LuLu Financial Holdings was announced, with LuLu having processed over $19 billion in remittances in 2024. The partnership aims to build blockchain-native financial infrastructure on Avalanche.
Hub71 now hosts over 300 startups that have raised $2.45 billion collectively. The addition of a dedicated blockchain accelerator track deepens Abu Dhabi's positioning as a Web3 capital.