Reef Labs announced the launch of a $10 Million Accelerator Program for projects based in the Middle East that are constructed on the Reef Chain. Reef Labs' program aims to encourage, nurture, and invest in promising Web3 developers, teams, and projects based in the Middle East that are based on the Reef Chain. Middle Eastern blockchain and Web3 application growth is paving the way for amazing technological advancement and innovation. By winning the Best Ecosystem Award at The Middle-East Blockchain Awards, Reef has already had a big impact on the area. In order to establish Reef as the de facto blockchain in the Middle East and North Africa (MENA) area, the Accelerator Programme aims to accelerate Reef's ambition for growth.