In 2022, Binance's light show lit up the Burj Khalifa to celebrate obtaining a regulatory license in Dubai. During that time, it was a bull market, and FTX hadn't collapsed yet. Web3 practitioners and crypto newcomers turned their attention to Dubai, which began to become the Mecca for digital nomads. The Expo also drew global attention to Dubai, a highly efficient, modern, and even forward-looking city of the future. At the same time, the government significantly lowered the threshold for Golden Visas.

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