6% of UAE consumers are fine using crypto at restaurants – Oracle survey

    Food and beverage outlets in the UAE are starting to take payments in cryptocurrencies as the sector takes to cutting-edge tech and smart payments. For now, 6% of UAE consumers are okay with doing so with crypto. But UAE consumers want these businesses to tackle some legacy issues as well, not least having to wait…

    Gaming companies will be on the metaverse cutting edge, ex-Nintendo exec says

    Gaming companies are poised to be on the metaverse’s cutting edge, former Nintendo executive Reggie Fils-Aimé predicts. In the metaverse and gaming content is still king, he said. In the last year, the 3D virtual world known as the metaverse has come to the forefront of tech and business discourse. Facebook, for instance, has changed…

    Everdome CEO tells why he is on a larger-than-life quest

    As the metaverse disrupts the existing technological landscape, Rob Gryn, CEO of Dubai-based startup Everdome, told Gulf Business how Everdome and Metahero are on a journey to create something the world has not seen yet. Mark Zuckerberg once said, “Today, I think we look at the internet. But in the future, you are going to…

    Highlights: Day One of BSV Global Blockchain Convention in Dubai

    In its first day, the Bitcoin Association for BSV welcomes global innovators discussing the latest in NFT auctioning, the future of play-to-earn gaming, and a unique, real-world approach to building a metaverse Dubai 25 May 2022 ‒ Yesterday, the inaugural BSV Global Blockchain Convention Kicked off at the Grand Hyatt in Dubai. The three-day convention,…

    Andreessen Horowitz launches $4.5 billion crypto fund despite the market downturn

    Major venture capital firm Andreessen Horowitz (a16z) has unveiled the largest-ever $4.5 billion crypto fund despite the ongoing downturn in the global financial markets. Focused on crypto and Web3, the new Crypto Fund IV is double the size of its previous fund, launched in 2021. The new fund is double the size of the last…

    Oman incorporates real estate tokenization in the Virtual assets regulatory framework

    Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)’s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. The Oman virtual asset regulation will be finalized by Q3 of 2022. Oman Capital Market Authority…