Manama – Bahrain: stc Bahrain, a digital enabler, continues to receive prestigious accolades for its pioneering Web3 Launchpad program, as it has once again been recognized for this innovative program with the prestigious "Best Telecom Infrastructure Innovation” Award at the Gulf Business Awards, acknowledging its groundbreaking Web3 Launchpad program, the world’s first structured initiative by a major multinational corporation aimed at driving blockchain innovation in the Middle East. stc Bahrain's Web3 Launchpad program has also earned the Technology Excellence Award at the prestigious Middle East Awards ceremony, further cementing its leadership in blockchain innovation.

Launched in March 2024, the Web3 Launchpad program features strategic partnerships with top Web3 protocols, which created a digital twin of its headquarters in the Metaverse, and it was the first Metaverse Signing Ceremony in the region. These initiatives are set to transform the digital landscape, promoting widespread engagement and technological advancement in line with Bahrain’s Economic Vision 2030.

"stc Bahrain's second recognition for its Web3 Launchpad program is a testament to our commitment to embracing next-generation technologies and integrating them into our service offerings," said Eng. Khalid Al Osaimi, CEO of stc Bahrain. "This award highlights our innovative approach and dedication to act as an infrastructure enabler in propelling blockchain innovation across the Middle East and beyond."

At the core of the program are two strategic pathways for Web3 protocols: The Pearling Path, inspired by Bahrain’s pearling history, focuses on nurturing new and emerging Web3 protocols. The Qala’a Path, named after the Qala’a al-Bahrain (Bahrain Fort), concentrates on leveraging established Web3 protocols to enrich the regional ecosystem. Both paths aim to foster a radiant Web3 community in the Middle East, launching several decentralized applications, on-chain and moving from speculation towards creating real-world applications and solutions.

Among the significant milestones achieved through the Web3 launchpad program are the deployment of multiple Web3 validator nodes, strategic partnerships with leading blockchain networks such as Core Foundation, Aleph Zero, and Avalanche, and the organisation of worldwide hackathons to foster a vibrant Web3 community.

The "Web3 Launchpad" by stc Bahrain is more than an initiative; it's a strategic vision that combines Bahrain's historical legacy with the boundless possibilities of Web3 technology.

The Gulf Business Awards celebrate the outstanding achievements of businesses and leaders across a wide range of industries. Winning the Best Telecom Infrastructure Innovation award further cements stc Bahrain's position as a leader in blockchain innovation.

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For more information, please contact: Pooja Rekhi Sharma: 1756 1723, pooja.sharma@ogilvy.com

About stc Bahrain

stc Bahrain, a subsidiary of stc Group, is the fastest-growing, most innovative telecommunication operator in Bahrain. Since its inception in 2010, stc Bahrain revolutionized the telecommunications industry in the Kingdom of Bahrain and quickly became a market leader, a position that it kept to this day through investing in next-generation technologies and introducing innovative solutions to the people of Bahrain. In 2018, stc Bahrain disrupted fintech with its stc pay ecosystem of services.

stc Bahrain made many local, regional and global breakthroughs, earning it over 20 awards in just nine years for being the best, widest and fastest network that connects people with an empowering host of products and services. Its persistent dedication to innovation has positioned it as a driving force in delivering telecommunication, digital and mobile financial services for everyday customers, homes and businesses. Together with a broad spectrum of benefits and customizable offerings that provide utmost control and flexibility in a world of evolving digital needs, stc Bahrain today has not only become the preferred Telecommunications network in Bahrain, but also the most forward-looking fearless disruptor in Telecommunication and Fintech.

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