NFT players bet big on the UAE, with the market expected to reach $5 billion by 2028

September 14, 2022

, By Sarika Parmar

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The NFT (non-fungible token) market in the UAE is expected to grow rapidly, with the market expected to reach more than $4.7 billion by 2028, with blockchain ventures such as artèQ bullish on the country, despite global predictions of a crypto winter.

Bold and the market friendly government policies, as well as rising demand for NFT products such as arts and sports videos, are driving new NFT players to enter the UAE market. artèQ also runs a gallery in Vienna that exhibits digital masterpieces by top artists and advises creative industries on how to use Web3. Sadeghian also revealed that his art platform would collaborate with Emergeast next year to help emerging MENA artists gain access to NFT.

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NFT players bet big on the UAE, with the market expected to reach $5 billion by 2028

September 14, 2022

, By Sarika Parmar

The NFT (non-fungible token) market in the UAE is expected to grow rapidly, with the market expected to reach more than $4.7 billion by 2028, with blockchain ventures such as artèQ bullish on the country, despite global predictions of a crypto winter.

Bold and the market friendly government policies, as well as rising demand for NFT products such as arts and sports videos, are driving new NFT players to enter the UAE market. artèQ also runs a gallery in Vienna that exhibits digital masterpieces by top artists and advises creative industries on how to use Web3. Sadeghian also revealed that his art platform would collaborate with Emergeast next year to help emerging MENA artists gain access to NFT.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Jio receives DoT approval to launch satellite-based broadband services

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Deeptech startup NeuroPixel.AI raised $299K in pre-Series A from ecommerce giant Flipkart

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