The ‘boom and bust’ pattern of NFT markets were a sobering reality check for many hopeful investors looking to get rich quick in 2021 and 2022 – but do digital assets hold promise in the long term beyond speculative volatility?
NFT art market
Latest in NFT art market
alternative assets
Dubai’s $5mn NFT Art Gallery to open in DIFC
The first interactive and immersive digital art gallery will be located in the Burj Daman
Dubai
Dubai Racing Club announces NFT art collection in ‘new way to celebrate’ horse racing
The collection, aligned with the emirate’s metaverse strategy, is divided into three categories and is a “first” in the industry
Blockchain
In pictures: Middle East’s largest VR gaming firm to release 10,000 NFTs under ‘Art of Mob’ brand
Robocom VR’s Art of Mob uses Web3 to re-imagine art in the form of the ‘modern-day gangster’
BEDU
Newly launched UAE-firm BEDU looks to create an NFT factory and a proprietary metaverse
BEDU was formed to accelerate the realisation of the vision for Web3, blockchain, non-fungible tokens, and the metaverse, while bringing expertise and investment from around the world to the UAE
Arab female artist
Crypto, NFT artwork industry in Dubai receives “protection”, adoption boost with new virtual assets law: expert
Dubai’s new Virtual Asset Regulation Authority (VARA) will create an advanced legal framework to protect investors and design international standards to govern crypto, NFTs, and virtual assets
Art in Space
Art in Space: four-day event in Dubai to provide a uniquely synesthetic experience
Leveraging a unique technology, Lorenzo Rosettani, CEO, Art in Space and Céline Justin, Hcomm editor, both reveal how this multisensory digital art gallery is also bridging the gap between the digital and physical world
blockchain technology
Why are NFTs worth millions of dollars?
Last year the market saw an increase in NFT interest from three types of investors: collectors, venture investors and art-related businesses