Oman includes real estate tokenization in Virtual assets regulatory framework
Oman Capital Market Authority to incorporate real estate tokenization within its virtual assets regulation as well as license crypto exchanges. The virtual asset regulation will be finalized by Q3 of 2022. Kemal Rizadi, Advisor at the Oman Capital Market Authority made these comments during the Real Estate Exhibition and Conference held in Muscat Oman. As […]
BEDU Blockchain Web3 entity launches in UAE
BEDU Blockchain Web3 entity has launched in the UAE with BEDU Labs, NFT Factory, and BEDU World for metaverse. . BEDU is working for the realization of the vision for Web3, blockchain, NFT (non-fungible tokens) and the Metaverse. “BEDU is committed to creating world-leading blockchain, Web3, and Metaverse solutions within the UAE and then expanding […]
UAE Emirates airline to launch NFTs and experiences in the metaverse
UAE Emirates airline is set to launch NFTs ( Non Fungible Tokens) for its customers and employees, as well as build a signature brand experience in the metaverse. Emirates Airlines plans to offer both collectible and utility-based NFTs. The initiative is part of the carrier’s new strategy to “extend its leading experiences” into the latest […]
Dubai Chamber of commerce saves 3 million USD from paperless stamp
Dubai Chamber of Commerce saved close to 3 million USD and one million sheets of paper in 2021 after obtaining the 100% Paperless Stamp from the Dubai Digital Authority. The estimated value of savings reflects the cost of printing, time and transportation to the Chamber’s customer happiness centres. Last year, Dubai Chamber of Commerce obtained […]
BSV Blockchain convention launches May 24th in Dubai UAE
BSV Blockchain Convention launches May 24th 2022 in Dubai UAE with a series of panel discussions, presentations, and speakers. The event will take place at the Grand Hyatt, Dubai between 24 May and 26 May 2022. The BSV Global Blockchain Convention is the only event in the world that focuses solely on the massively scaling public blockchain ecosystem. […]
Boba Network to enter MENA region growing the NFT, DeFi, and gameFi ecosystem
Boba Network is preparing to set up a base in MENA region with an office in the UAE. This comes after Boba Network raised 45 million USD in its Series A Round. Prior to this Lotus Capital; one of the Leading Crypto Funds in the Middle East had already invested in Boba Network. In the […]
UAE ADGM First MENA regulator to issue DeFi discussion paper
UAE ADGM regulatory arm, the Financial Services Regulatory Authority (FSRA) is the first MENA regulator to issue a DeFi ( Decentralized Finance) discussion paper to engage with industry practitioners and other stakeholders to explore the potential opportunities arising from DeFi, associated risks and what a future regulatory framework may resemble. DeFi is a new way to […]
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UAE DMCC ( Dubai Multi Commodities Authority) added 665 companies to its Free Zone in Dubai during the first quarter of 2022 16 percent or 106 companies where in the Blockchain and crypto domain. As per their press release, this represents DMCC’s best first quarter since its inception over twenty years ago, a 13% year-on-year […]
UAE to double contribution of digital economy to 20 percent of GDP
The UAE Cabinet has formed a Council for Digital Economy as part of its adoption of the UAE Digital Economy strategy. The Cabinet was formed during a meeting chaired by Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai. Sheikh Mohammed bin Rashid Al Maktoum stated, “Our goal is […]
Lebanese to eradicate hunger one NFT Chunk at a time
Lebanese artists and food and beverage entrepreneurs have come together to eradicate hunger in Lebanon and globally one NFT Chunk at a time with 2.222 Unique Chunks. On the website, cravy chunk it states that as many as 811 million people worldwide go to bed hungry each night. This has spread in Lebanon as the […]