UAE Al Sheikh Stud, a have for thoroughbred Arabian horses, get an NFT Marketplace. UAE Al Sheikh Stud in alliance with Atria Holdings and Finvault; will create an NFT Marketplace for Arabian horses.
Finvault, a Web3 banking platform, and Atria Holdings, investors in innovative solutions; are ushering in a digital era for these high-valued horses. The strategic alliance will work closely to develop high-value NFTs for purebred Arabian horses belonging to the Al Sheikh Stud.
Arabian horses, with their distinctive head shape and tall carriage are the most elite breed in the world. Apart from breeders, race enthusiasts, and discerning clientele; they reserve a special interest in the minds of artists and prestigious admirers. The NFTs are being developed to complement such unique investment opportunities in the world of Arabian horses.
Speaking about the new venture at Al Sheikh Stud, Mohamad Al Sheikh the founder of Al Sheikh Stud said; ”While the beauty of purebred Arabian horses is admired worldwide, the digital currency revolution demands an investment option of another kind. We are piloting the NFT for Arabian Horses in the region and hope that our esteemed clientele is as excited as us about this new undertaking. Apart from developing and securing the NFTs, we will also be collaborating with leading regional events to reach our valued customers.”
Poised to be the first of its kind, the NFTs are being developed to enable investors to trade in real purebred Arabian horses via digital currencies. To cater to the rise in demand for virtual investment opportunities, the NFTs will also be valued on a digital scope to be relayed further in advanced usages like simulated racing, breeding, and gaming. Finvault holds the right to reserve and limit the use of the NFTs depending on valuation and requirements.
Sharing details about the partnership, Finvault CEO, Punit Thakker said, “Finvault is delighted to be the creator in this venture with Atria Holdings as a technology partner. To create and build this NFT marketplace for Mohammad Al Sheikh’s legendary thoroughbred Arabian horses is a unique opportunity and one we are very excited about. With Dubai recently adopting its first crypto law and forming a regulatory body for virtual assets, the region is accelerating its trajectory to become the leading global virtual hub. At Finvault, we are on a mission to promote the mass adoption of blockchain around the world. We are thrilled to be part of such a high-profile project that will aid in this. The Arabian horse NFTs are just the beginning and we look forward to a long and successful partnership.”
The NFTs are likely to be launched by End of August and will be available for digital currency buyers across the globe.