Lionscraft partners with stc Bahrain to develop Web3 framework

A strategic partnership has been established between stc Bahrain and Lionscraft to jointly develop a framework that is in line with the forthcoming Web3 digital transformation.

The collaboration aims to establish stc Bahrain as the leading provider of Web3 framework solutions not only in Bahrain but also throughout the broader Middle East region. It will facilitate the development and placement of innovative Web3 solutions within the nation.

The collaborative effort took place within the Sandbox metaverse, showcasing the innovative spirit of both organizations. The transaction was additionally structured as a non-fungible token (NFT) on the Avalanche network.

Saad Odeh, the chief wholesale officer of stc Bahrain, asserts that the organization will offer a range of Web3 framework solutions that enable robust user exposure while ensuring improved data control and user privacy.

Antonio Bartulovic, co-founder of Lionscraft, asserts that the organization’s partnership with stc Bahrain will facilitate the establishment of a digital infrastructure that fosters innovation and encourages others to contribute to its development. In addition to advancing revolutionary changes, the collaboration of the two businesses will pave the way for a variety of stc Bahrain-related and Web3-related opportunities.

stc Bahrain is an associate of the stc Group and is actively enhancing its standing in Bahrain’s digital, mobile, and telecommunications financial sectors. Since its inception in 2010, it has revolutionized the telecommunications sector and ascended to the pinnacle of the industry. With its stc pay ecosystem products, it surpassed fintech in 2018. Due to its status as the industry leader for a span of eleven years, the organization garnered a total of twenty accolades.

Lionscraft’s inception coincided with the advent of the digital revolution. It is a leading Web3 technology and strategy firm. It provides cutting-edge business and technical services while enhancing organizations’ ability to adapt to the constantly evolving Web3 landscape. They are interconnected with diverse vertices, including finance, technology, and communications, to effectuate a paradigm shift in the trajectory of Web3.