Sheesha Finance is a MENA-based decentralized tokenized incubator and accelerator that aims to support web3 startups in developing products and services across all industries and blockchain networks. It offers everyday investors access to a diversified portfolio of projects. The platform provides growth services such as incubation, technical development, marketing, and strategic advisory, leveraging blockchain technology to solve industry-wide challenges in a decentralized manner.
Sheesha Finance operates on the Ethereum blockchain, utilizing the ERC20 token standard, which enables fungible token creation. It leverages smart contracts to automate processes, including token management and project incubation. The platform's operations are autonomously governed using smart contracts, enhancing efficiency and transparency. Services include MVP development, blockchain implementation, customized smart contracts, and more, supporting startups throughout their growth journey.
Sheesha Finance can be applied in several contexts:
Sheesha Finance emerged in the MENA region to democratize access to early-stage web3 projects for everyday investors. It was one of the first initiatives in the UAE to focus on incentivizing investors through autonomous smart contract operations. The platform has grown into a significant player in the DeFi space by providing a multichain DeFi mutual fund and maintaining a user-friendly interface for both institutional and retail investors. While specific details about major updates or team origins are scant, it remains a prominent incubator and accelerator in the region.