UAE – Mubasher: Digital assets infrastructure company Zero Two, which is part of ADQ, has launched its operations in Abu Dhabi to foster the rapidly increasing interest in Web3 technology and its ecosystem.
Zero Two will provide fully integrated offering in end-to-end digital assets infrastructure solutions, with the objective of becoming a trusted partner to companies which aim to capitalise on the broad innovative scope, according to a press release.
The new entity will offer services like developing power infrastructure as well as sourcing and testing latest generation technologies. Zero Two aims to build and operate data centres.
CEO of Zero Two, Ahmed Al Hameli, commented: “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.”
Al Hameli added: “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. Meanwhile, the firm is expected to facilitate Abu Dhabi’s continued stability of the power grid while contributing towards the UAE’s Net Zero commitments and transition to have a sustainable and decarbonized economy. This will be carried out by utilising excess power in low demand seasons to operate data centres across Abu Dhabi that further support the resiliency of the local power grid.
