Barcelona-based Blockchain enabled NFT marketplace, Plastiks, has partnered with Egyptian clothing brand Concrete, as part of plastic removal initiatives in the country. Plastiks specializes in connecting plastic recovery projects with companies and individuals across the globe who sponsor such projects.  With its new partnership, Plastiks will facilitate the tokenization of plastic recovery projects sponsored by Concrete in Egypt. This facility, powered by blockchain technology, ensures complete transparency, monitoring, and traceability of such recovery operations. Concrete is committed to contributing to societal and environmental sustainability. As part of this commitment the company sponsors a number of plastic removal projects in order to advance the fight against plastic pollution.  By partnering with Plastiks, Concrete seeks to improve the lives of waste pickers by providing them with additional income and incentivizing them to recover more plastic from the envi...

  KSA born Nuqtah NFT marketplace has signed an MOU (Memorandum of Understanding) with Saudi Telecom group (STC) to tokenize photographs from stc’s Sarha project and mint them in the form of non-fungible assets exclusively on the Nuqtah NFT marketplace. As per the blog, STC is committed to delivering the best customers experience through its advanced technology and innovative solutions. Sarha, the world's first content-generating camel, is set to take its viewers on a journey of discovery. The camel travelled around Saudi Arabia in tandem with the most skilled photographers, capturing stunning images and videos that will be shared with the world. Sarha's journey will take its viewers further than ever before with the broadest network and widest coverage. This unique project provided by stc  has be used to create amazing experiences for people all over the world. As such Nuqtah and stc have come together to create a unique collaboration that will bring the world of phot...

  UAE based Venom Blockchain which recently received a license from ADGM ( Abu Dhabi Global Market)  in early October 2022, now has a regulated virtual asset exchange on its roster, Yoshi Markets,  renamed to Venomex. In March 2022, Yoshi Markets previously known as Arabian Bourse Limited (ABX), received the Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). The FSP allowed Yoshi Markets to operate as a Multilateral Trading Facility (MTF) and Custodian for virtual assets. Now Yoshi Markets has renamed itself to Venomex, reflecting the recently approved Venom Blockchain platform, which will allow the provisioning of virtual assets and blockchain based services. Venom blockchain is building the first NFT marketplace in the UAE from ADGM as well as the issuance of first fiat backed stablecoin. Mustafa Kheriba, the Executive Chairman of Venomex, stated, “This is an exciting time for us at Venom...

  UAE ADGM ( Abu Dhabi Global Market) announced on LinkedIn that Venom Blockchain has become the first ADGM licensed crypto foundation to build a scalable blockchain platform. ADGM also stated, “Venom is on its way to developing an NFT marketplace, derivative exchange and fiat-backed stablecoin” The statement adds that Venom Foundation is set to become one of the most anticipated blockchain phenomena, enriching the ADGM community and the nation as a whole! As per the news Venom Foundation perpetually works on providing an abundant bundle of scalable blockchain-powered products and services for the wider financial community. Through robust security measures and a rich database, Venom Foundation has produced an array of self-sufficient tools, including ewallets, decentralised exchanges and more. The statement then adds, “Subject to the relevant regulatory approvals, Venom Foundation will work with ecosystem participants to ensure that such products are offered in a compliant manner ...

Artfi, a non-fungible token (NFT) focused startup, has raised $3.26 million from several investors including Sheikha Hend Al Qassemi, a member of the ruling family of Emirate of Sharjah, and Raza Beig, director of Landmark Group, UAE. The current funding was raised at a valuation of $100 million. Artfi is on a mission to democratize the fine art space by fractionizing high-value artworks into limited editions NFTs. The NFTs will be minted on the polygon network. The fine art fintech company is now gearing up for whitelisting for its first fine art NFT offering from August and is also working towards developing a museum in the metaverse where the art collection will be always accessible. Asif Kamal, Founder of Artfi stated that the company will use the investment funds to build its technology and a dedicated marketplace for fine art NFTs. A portion of the funds will also be deployed to strengthen its product and team. Kamal stated in an interview, “Artfi was launched with a vision to ma...

  The NFT (Non Fungible Token) marketplace trading volume is currently at around 4 billion USD per month despite the crypto bearish sentiments. Yet, the NFT segment is still far from saturated or mature, thus promising massive opportunities. Dubai-based OasisX , the first multi chain curated NFT Marketplace and Creator Studio is launching in a few weeks, paving the way for MENA based creators, collectors, and brands to take part in this new digital era. The platform has already on boarded more than 100 artists for its launch in addition to multiple regional brands for web3 activations. Najib Khanafer, Ramzi Mneimneh, and Jimi Ibrahim decided to take on the challenge of building secure and accessible tools to navigate the NFT and web3 world, bringing meaningful impact to artists, creators, collectors and brands from the region. All three have extensive knowledge in crypto, blockchain and technology and have been early adopters of this disruptive digital trend According to the foun...