Digital asset exchanges, NFT marketplaces, utility token issuers, tokenised funds, and payments companies are among the ventures seeking to relocate or expand their operations to the UAE
NFT marketplace
Latest in NFT marketplace
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
Abu Dhabi
Private office of Abu Dhabi royal family member backs startup LumiShare in $3.2mn funding
Significantly, the funding deal comes amid tightening of investments by venture capitals and private equities in view of serious concerns about startups’ ability to generate profits from operations
Dubai
Dubai opens first physical NFT shop in Mall of the Emirates
ftNFT Shop’s Mall of the Emirates branch will open on December 22, Thursday
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
Al Tamimi & Company
Dubai law firm launches first of its kind NFT collection in MENA
The collection will feature 950 pieces of art, each of it “capturing a story that closely aligns with the region’s vibrant economies”
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
$FOMO token
Fomo Lab launches new NFT product – $FOMO token
$FOMO token can be used by users on the Avenue NFT marketplace as a token to purchase, sell and list digital assets
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
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
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’
Dubai
In pictures: Mr Bean gets a Rowan Atkinson-approved NFT collection thanks to Dubai crypto experts
Take a walk down memory lane with the 3,333 unique Mr Bean NFT collectibles made available by Dubai-based crypto experts Fomo Lab
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