Announcements

Nuqtah, Saudi Arabia’s first non-fungible token (NFT) marketplace, has closed its pre-seed funding round but is not revealing the amount of raised funds. Accroding to Founded this year, the company enables artists to register and trace their work and serves as a global platform for buyers keen on acquiring the latest NFTs by the Middle…

Meta, ex-Facebook, on Wednesday announced its decision to reverse its long-standing policy that prevented most cryptocurrency companies from running ads on its services. The company’s new policy is huge for the crypto industry and will allow more retail investors to access cryptocurrencies than ever before. Citing greater government oversight and a more mature market for…

A few days after Jack Dorsey’s resignation as Twitter CEO, payments giant Square announced changing its name to Block Inc., the company said in a statement. Jack Dorsey’s Bitcoin funding initiative Square Crypto has rebranded to Spiral and is aimed to focus on “making Bitcoin the planet’s preferred currency.” The corporate rebrand, announced in a…

Dubai-based crypto rating platform Evai.io announced that its EvaiStableFund saw $1 million worth in tokens staked into the new fund within 24 hours of going live. Launched on November 22, the new EvaiStableFund, gives investors the opportunity to yield a fixed 15% APY with an additional 10% per annum bonus. In addition, the fund does…

The Theatre of Digital Art and Generative Gallery has organized an exhibition of immersive digital art of seven modern artists around the world in Dubai. The event, held till February 2022, is featured by non-fungible tokens (NFTs) exposition and sales. In Dubai, the Theatre of Digital Art (ToDA) and Generative Gallery is organizing a multi-dimensional…

Emirates Post Group (EPG) announced on November 28 the first in the region issuance of non-fungible token (NFT) stamps in commemoration of the UAE National Day 2021. Each of the four NFT stamps carries a distinct design centered on the UAE national theme. The set of four different NFT stamps will be released on December…