The hawkish view for the sector is based on the growing regulatory support for the crypto industry, coupled with current churn in the financial markets and economic outlook globally
Crypto Winter
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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
crypto business
Learning the lessons of the crypto winter holds promise of springtime growth
Crypto Winter, a term used to describe a downturn in the crypto market, refers to an extended period of bear market characterised by shrinking market, contracted prices, fleeing investors and a highly nervous customer base