The world’s first utility NFT that will capture conversations and ideas on blockchain in collaboration with industry experts
NFT
Blockchain
Metavest invests in Inery at $128 million valuation
Inery rolled out its first public testnet in August, scheduled for listing at the end of Q3 2022
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
FIFA World Cup
FIFA to launch NFT collection with AlGorand blockchain ahead of Qatar World Cup
The ‘FIFA+ Collect’ NFT will be powered by AlGorand Blockchain, FIFA’s official blockchain platform, and will allow global fans to own unique digital collectibles at an affordable rate
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
animation
US animation studio secures $12 million – ‘Friends’ superstar Jennifer Aniston is an investor
The company will use the investment to develop animated intellectual properties across social media and web3, expanding its footprint to new platforms, further monetising its franchises
digital assets
Dubai Police set to launch second NFT collection during GITEX 2022
The first edition, featured 150 free digital assets focused on the police force’s values of innovation, security and communication
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
crypto assets
Crypto trading app OKX secures Dubai licence
The company hopes to participate in the UAE’s growing crypto ecosystem
Arabian Business
AB On Demand: Getting meta on the Metaverse
A tour through the future with industry insiders at the AB UAE Forum 2022
binance
Binance is partnerning with TikTok’s most-followed star to help ‘increase Web3 awareness and adoption’
Binance is hoping his style could tackle “some of the misconceptions around Web3”
Bentley Motors
Bentley enters NFT marketplace with unique artwork
The luxury car brand is producing a one-time NFT drop on the carbon-neutral Polygon network and limited to just 208 pieces
Cryptocurrency
Women’s participation is critical in early stages of the Metaverse, Dubai NFT artist says
Currently, the biggest Metaverse platforms – Meta, Fortnite, and Decentraland – are all led by white men
Ahmed Albishri
Metaverse, AR, NFT activations to boost Saudi’s billion-dollar gaming industry under new Mastercard deal
The Saudi Esports Federation and Mastercard aim to make payments easier for gamers and create more immersive experiences for consumers in the region and around the world
Abu Dhabi
Abu Dhabi firm to open virtual office in the metaverse as part of its NFT, blockchain wing
To develop the virtual office in the metaverse, digitalfarm and meta-farm are forming a collaboration with UAE’s Fomo Lab
Ahmed Al Khatib
Saudi ministry launches ‘first-of-its-kind’ NFT souvenirs in bid to boost tourism sector
The initiative is part of the Kingdom’s tourism strategy for accelerating the pace of growth in the sector, creating new jobs and stimulating innovation
