The future of Web3 lies not in replacing existing systems but in complementing them
Non-fungible token
Latest in Non-fungible token
blockchain technology
Dubai set to dominate global sports industry’s Web3 transition as football legends, major clubs back blockchain tech, NFTs
The Atleta Network is set to open 20 blockchain-powered football academies worldwide in 2024 following Dubai launch, even as major football legends and clubs like FC Barcelona, Liverpool, and La Liga are reportedly applying blockchain for sports NFTs, ticketing and fan engagement
Artificial intelligence
What will the world look like in 100 years as technology continues to advance?
The future holds promise for significant advancements in how we work, eat, create, and collaborate
Digital asseets
NFT market crash leaves over 23mn holders with worthless investments: Report
Over 95 percent of NFT investors are now holding onto valueless investments, according to a new report
Blockchain
Revealed: Islamic Coin to drive major Shariah-compliant NFT expansion
The move comes close on the heels of the Islamic Coin announcing Sept 1 for launch of its token on crypto exchanges, and a new $200 million fundraising
Dubai
Dubai to host first international NFT awards
Some of the many nominees for the awards are The Al Jalila Foundation, Jetex, Huawei and Dubai Police
Hublot
Hublot, Takashi Murakami launch limited edition watches, NFTs
The collection features Takashi Murakami’s widely popular multi-coloured smiling flower
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 nightlife
Dubai metaverse bar opens doors in world first
The club is open all week, from 10PM to 4AM
crypto assets
Crypto insurance firms face massive surge in requests following FTX collapse
Alongside, the crypto market is also witnessing increased inter-segment collaboration, with e-wallet players such as Liminal joining hands with blockchains such as Polygon, Tezos and Avalanche to support them with safe and secure asset custody solutions
digital art
World’s first metaverse-as-a-service launches NFT museums, galleries and crowdfunding offers
The Rare Antiquities (TRAT) bridges the gap between real world art and digital art by making high valued fine art and antiquities accessible through NFTs
Blockchain
UAE NFT marketplace to launch, offer access to experts to solve challenges amid global uncertainty
Della Casa’s NFT (no-n fungible token) venture, slated to be launched later this week, is already making a buzz among investors, with Dubai-based Meta Impact Capital selecting Lovely Humans for its maiden investment deal by its latest Metaverse Fund 1
Blockchain
Expert NFTs: Users able to purchase time with industry insiders on new platform
The world’s first utility NFT that will capture conversations and ideas on blockchain in collaboration with industry experts
artèQ
NFT players bet big on UAE, with market set to hit $5 billion by 2028
Market-friendly government policies and the growing demand for NFT products such as arts and sport videos are seen as major factors driving new NFT players to foray into the UAE market, amid dooms predictions about a crypto winter globally
Bahrain
Martial arts promotion company BRAVE CF strikes a new punch with first sports NFT in Middle East
The Bahrain-based company has entered into a deal with blockchain tech firm Zamzam Token Co for the sports NFT launch, apparently to cash in on the World Cup-induced sports fever in the region
digital wallet
Facebook, Instagram users can now post NFTs linked to digital wallets: Meta
Posting nonfungible tokens will not cost a fee, and the feature will be available to users from 100 countries in Africa, Asia-Pacific, the Middle East, and the Americas
Art Collection
UAE investors bet on Indian NFT startup as it raises $3.2 million
Artfi is on a mission to democratise the fine art space by fractionizing high-value artworks into limited editions NFTs