German-Arab Cooperation Launches First Blockchain-Based Machine Economy Zone

Abu Dhabi and Dubai plan to establish a "Machine Economy Free Zone" (MEFZ) with support from peaq, a German blockchain platform, to explore an automated economy driven by AI and robots. The zone aims to create a regulatory framework for tokenizing autonomous robots and machines, a sandbox for machine-based business models, and a regional hub for the DePIN sector. Its first project is a "Machine Tokenization Framework" allowing individuals to jointly own expensive robots. According to Till Wendler, co-founder of peaq, the Emirates are the perfect place to pilot this vision. The article notes that peaq's ecosystem is still rudimentary, with the token traded only on a handful of centralized exchanges and thin liquidity on its single Machine DEX.