Usain Bolt Partners with Move-to-Earn Platform Step App
Today, Step App, the FitFi platform pioneering a gamified metaverse for the fitness economy, is officially launching its private beta in partnership with 8-time Olympic gold medalist and 11-time World Champion, Usain Bolt, widely considered to be the greatest sprinter of all time, now serving as the face of the brand. With Step App, the […]
Rakbank and Kraken to Launch UAE’s First AED-Denominated Virtual Asset Trading
In line with its commitment to “Simply Better” banking and innovation, The National Bank of Ras Al Khaimah (RAKBANK) and Kraken MENA (Kraken), one of the world’s largest digital asset exchanges, have announced that UAE residents will soon be able to trade virtual assets in AED using their local bank account. This will provide its […]
SMARTCROWD Records First Exit With Market-Beating Returns to Its Investors
SmartCrowd, the MENA region’s first and largest real estate crowdfunding platform, has delivered its investors an impressive 39.25% total net return (rental income + capital gains) over a 17-month period, and 27.92% return on an annualized basis, after recently exiting a Dubai Marina property investment. The studio apartment in Marina Bay Central, Dubai Marina, was […]
ZorroSign Announces Progressive Plans for Its Next-Gen Solutions
ZorroSign, a global leader in multi-chain blockchain-based digital signature solutions, has announced progressive plans to launch its next-generation platform for its UAE and Global subscribers. The plans include upgrades to user experience and interface, features, security, compliance, and system updates, starting 15th August 2022. The company has been primarily working to update the ZorroSign application’s […]
DFSA Regulatory Sandbox is Now Open
The Innovation Testing License is a regulatory sandbox offered by the Dubai Financial Services Authority (or DFSA), which is the independent regulator of all financial services companies that seek authorization or are currently authorized in the DIFC. The objective of the DFSA ITL is to provide a controlled environment where startups can test innovative products […]
Tech-savvy Companies Leverage NFTs to Take Back Control of Their Brands
CryptoBear Watch Club, an NFT social club for a new world of watch-collecting, as well as for luxury connoisseurs and NFT enthusiasts, is the first metaphysical luxury watch community with real world utilities, and is created by a consortium of blue-chip investors in Dubai. This luxury watch social club unlocks new rewards for NFTs, where holders redeem […]
Metaverse to Contribute $4B To Dubai’s Economy
Headed by the Dubai Crown Prince Sheikh Mohammed bin Rashid Al Maktoum, The Dubai Metaverse Strategy, which was announced earlier this month, aims to increase the contribution of the Metaverse sector to the Emirate’s economy to $4 billion by 2030. The Dubai Metaverse Strategy also intends to ensure that the metaverse increases its contribution to […]
Theatre of Digital Art Dubai Joins the Fourth UAE AI Summer Camp
His Excellency Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, has announced that registration for the fourth UAE AI Summer Camp is now open until the beginning of August. The Office of the Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications will organize […]
ADCB Joins AMF’s Buna System to Enhance Regional Cross-Border Payments
Abu Dhabi Commercial Bank (ADCB) has joined the Arab Monetary Fund (AMF)’s Buna system to provide its customers with an enhanced regional cross-border payments system – a move that is in line with ADCB’s digital transformation strategy. Buna is a state-of-the-art cross-border payments platform for the Arab region, which enables financial institutions and central banks […]
OKX to Expand in UAE After Dubai Regulatory Approval
Latest crypto exchange OKX has secured a regulatory approval to serve customers in the United Arab Emirates, in hopes of starting off in Dubai. The Dubai Virtual Assets Regulatory Authority (VARA) granted OKX a provisional virtual assets license, allowing it to offer certain exchange products and services to pre-qualified investors and financial service providers in […]