As the digital economy continues to mature, digital assets have the potential to increase visibility, transparency, coordination, and information sharing across company boundaries through various applications, thus promising to address structural challenges and enhance operational efficiency. Zero Two was created to develop, operate and invest in best-in-class technologies accelerating and supporting the digital asset and Web3 ecosystem in the region, which comprises concepts such as decentralization and token-based economics.
Zero Two is set to play an integral role in facilitating the continued stability of the power grid of Abu Dhabi while contributing towards the UAE’s Net Zero commitments and transition towards a sustainable and decarbonized economy. By utilising excess power in low demand seasons to operate its state-of-the-art data centres located in Abu Dhabi further supporting the resiliency of the local power grid.
Ahmed Al Hameli, Chief Executive Officer at Zero Two
Commenting on the start of the company’s operations, Ahmed Al Hameli, Chief Executive Officer at Zero Two, said: “Digital assets hold vast potential that is only beginning to be explored and leveraged. Zero Two enters the market with a robust and broad business model catering to rapidly emerging demand and a demonstrated commitment to meeting the highest standards of security and compliance. We are confident that our offering that utilizes excess power from the local power grid, which is the first of its kind in the UAE and the wider region, will not only meet the needs of our clients but also exceed their expectations with regards to the various benefits that can be derived from deploying distributed ledger technologies.”
The name "Zero Two" is derived from the significance of the numerals 0 and 2 in Web3 technology.
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