The first edition, featured 150 free digital assets focused on the police force’s values of innovation, security and communication
Non-fungible token
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
abu dhabi carrier
Etihad launches first NFT collection, with sales to be used for buying sustainable aviation fuel
The digital collection will be minted on the Polygon blockchain
augmented reality
What does it take to live next to Snoop Dogg in the metaverse?
Companies need to be steered with a bulletproof strategy that meets them where they currently are in their transformation journey, and propels their digital maturity while preventing them from succumbing to trends without being fully prepared for future technologies. Trends which I recently succumbed to when I bid on a plot of land neighbouring Snoop Dogg
Cryptocurrency
NFT transactions stabilise in 2022 after a volatile 2021: Chainalysis report
The digital asset boom has seen the value of some NFTs soar, with collectors spending more than $37 billion in NFT marketplaces in 2022
3D virtual worlds
Damac Group eyes move into the metaverse with $100 million investment in “digital cities” led by Ali Sajwani
The initiative forms part of the company-wide ambitions to move into digital assets and non-fungible tokens (NFT)
Blockchain
Metaverse mansions become a reality as Dubai real estate broker offers ultra-luxury virtual properties as NFTs
Real estate sales in the metaverse reached $500 million in 2021, and the sales volume is expected to double in 2022
Artificial intelligence
NFTs and metaverse experiences will soon be offered to Emirates airlines’ customers and employees
Metaverse, NFTs, and Web3 will also be brought to life at the Emirates Pavilion at Expo 2020 Dubai, which is being repurposed into a centre for innovation that will bring talent from all over the globe to work on the airline’s future-focused projects
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
augmented reality
Meta, formerly Facebook, to start testing tools to sell digital assets for upcoming metaverse
Using the latest tools, certain users within Meta’s virtual reality social media platform, Horizon Worlds, can sell accessories or offer paid access to the specialised digital spaces they have built
blockchain technology
Metaverse: The reality of our times
Are we on the cusp of witnessing something truly path-breaking like in the early 2000s when we saw the evolution of Google and Facebook?
Abu Dhabi
Abu Dhabi’s ADGM, FSRA look to amend framework on virtual assets, spot commodities, and emissions
Proposed changes include amendments to the risk disclosure requirements, and allowing regulated MTF/custodian groups within ADGM to conduct non-fungible token (NFT) activities
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
anti-money laundering
Anti-Money Laundering and Know-Your-Customer efforts remain key to UAE’s embrace of cryptocurrency
Anti-money laundering is a critical requirement of cryptocurrency if it is to gain acceptance
Alexandros Sperxos
UAE restaurants start selling NFTs to win customer loyalty
In the UAE, at least two ventures, Goi Rolls and chef Alexandros Sperxos, have begun selling NFTs in exchange for customer loyalty
Blockchain
Everything you need to know about Web 3
New iteration of the internet to lead to fundamental disruption, recreating entire industries from art to commerce, eliminating intermediaries and allowing people unprecedented control over their lives
Ali Sajwani
Senior Damac exec on why the real estate sector could be first to embrace NFTs
Ali Sajwani says property market on the verge of a ‘breakthrough’ on adopting non-fungible tokens for real-world applications