Zero Two is a newly established digital assets infrastructure company that has launched its operations in Abu Dhabi. The company, which is backed by Abu Dhabi holding company ADQ, offers end-to-end digital assets infrastructure solutions to support businesses in capitalizing on the vast potential of Web3 technology and its ecosystem. Its services include developing power infrastructure, sourcing and testing the latest technologies, building and operating data centres, and providing digital assets management facilities.
The emergence of Web3 technology, which is the third generation of the World Wide Web, has been rapidly gaining traction in recent years. With blockchain, decentralization, openness, and greater user utility as its core components, the Web3 market size is expected to reach about $6.2 billion in 2023 and grow at a compound annual rate of 44.6 per cent from 2023 to 2030, according to Market Research Future.
Zero Two aims to be at the forefront of this growth by offering a broad business model that caters to rapidly emerging demand and a demonstrated commitment to meeting the highest standards of security and compliance. The company is also focused on supporting the resiliency of the local power grid as Emirates progresses on its net-zero journey. By utilizing excess power in low-demand seasons to operate its data centres located in Abu Dhabi, Zero Two is set to play an integral role in facilitating the continued stability of the power grid of Abu Dhabi.
Moreover, the company has joined forces with companies in the energy and utilities sector as well as government institutions to ensure the successful implementation of its services. Zero Two’s unique offering that utilizes excess power from the local power grid, which is the first of its kind in the UAE and the wider region, is expected to exceed the expectations of clients with regard to the various benefits that can be derived from deploying distributed ledger technologies.
Overall, Zero Two’s launch of operations in Abu Dhabi marks a significant milestone in the development of digital assets infrastructure in the region and positions the company to be a key player in the fast-growing Web3 ecosystem.
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