EnjinStarter Launchpad for Blockchain games and metaverse in UAE soon

EnjinStarter Launchpad for Blockchain games and metaverse in UAE soon

EnjinStarter, next generation Launchpad for Blockchain games and the metaverse, which is based out of Singapore, could be setting up base soon in UAE.

Prakash Somosundram CEO and Co Founder at EnjinStarter recently visited Dubai.  Nigel Hawley board advisor and a investor in True Global Ventures (TGV), which also recently invested 3 million USD in a series A round as a lead investor into Enjinstarter hosted the visit. EnjinStarter has received a total of 8 million in funding since its inception.EnjinStarter, built on JumpNet is enabling creators and game developers to run capital raising campaigns and build communities using blockchain tech. Not only do they issue tokens but provide game developers with a way to explore other innovative ways of raising capital including utilizing NFTs. They even have an incubation program, supported by an accredited partner network.

Concurrently the MENA gaming sector is one of the fastest-growing gaming markets in the world, with revenue across the MENA-3 (Saudi Arabia, United Arab Emirates, and Egypt) reaching 1.76 billion in 2021.

Since late 2021 and early 2022, a lot of efforts and investments are moving towards a Blockchain enabled gaming sector. Abu Dhabi based, AD Gaming, an entity driving Abu Dhabi’s fast-growing gaming industry partnered with ATTARIUS Network, a UAE crypto and blockchain company, to bring blockchain solutions to the UAE game developers, with a focus on developing blockchain gaming, ATTARIUS Network to build an all-in-one NFT ecosystem for the gaming industry and digital artists.

Back to EnjinStarter, on the LinkedIN post Hawley stated, “What a great pleasure it was welcoming Enjinstarter, to Dubai. We had a fantastic week introducing Prakash Somosundram, CEO and Co-Founder and Shitij Gupta, CFO, to the Dubai ecosystem.  We started with some interesting metaverse and blockchain panel discussions at the Top CEO Conference and Awards.”

He adds in his post that insightful discussions were also held with UAE Crypto Oasis team represented by Saqr Ereiqat as well as the founders of MetaTerrace.

He notes in his post that the highlight of the discussions where the meeting with the Founder of UAE Based Cypher Capital, which launched in March its 100 million USD fund in Blockchain, crypto startups emphasizing those who have set up a base in UAE. As Hawley states, “Highlight was the fruitful discussions with Bijan AliZadeh, Founder and CEO of Cypher Capital.”

From the comments on the post, it seems likely that there is a good chance that EnjinStarter will be making Dubai as a base for its operations in the MENA region. Hawley adds at the end of the post, “We are looking forward to seeing EnjinStarter in Dubai on a more permanent basis going forward.”

Both Crypto Oasis and Cypher Capital have espoused their intentions to build the blockchain ecosystem in the MENA region. Crypto Oasis recently announced that there are 1000 blockchain crypto companies in the UAE. During Davos CryptoOasis which had targeted 1000 Blockchain and crypto entities by end of 2022, re assessed its aim given that already 1000 blockchain and crypto companies have set up base in the UAE. Crypto Oasis is now aiming to have 1500 Blockchain crypto companies set up in UAE by end of 2022, and it looks like EnjinStarter could be one of them.

In the crypto Oasis press release, Ralf Glabischnig, Founder of Crypto Oasis said, “This is an exciting time for us as we exceed expectations considerably month after month. Our target for the year has been achieved already and we’re anticipating exceptional growth in the future. The first months of 2022 have already shown that the key pillars of growing and building the Ecosystem are talent, capital and infrastructure. We believe we are still at an early stage but with the speed of development and growth that we see day by day across the community in this region, we look forward to further advancing the Blockchain economy in the Middle East.”

In the UAE today 53 percent of organizations active in the Blockchain space are native Blockchain entities, which mean their primary focus is blockchain technology, the rest are non-native blockchain organizations which means they offer services or product related to blockchain but not as their primary focus.

UAE DP World’s Metaverse supports cost effective digital supply chain

UAE DP World’s Metaverse supports cost effective digital supply chain

At The World Economic Forum in Davos UAE’s DP World, a global end to end logistics provider announced that it would be utilizing the metaverse not for social networks, entertainment or enhancing customer experience but for increasing operational efficiency.

This is the first time that a metaverse solution is being utilized in the logistics industry and for operational and educational purposes.

The Metaverse, DPMETAWORLD, will aim to bring cutting edge virtual solutions to real world supply chain challenges driving both efficiency and transparency. Sultan Ahmed Bin Sulayem, Group chairman and CEO of DP World announced this during the World Economic Forum Annual meeting at Davos.

The DPMETAWORLD platform will be launched at the end of 2022. Bin Sulayem said: “At DP World, we don’t respond to change – we think ahead and anticipate it. We know that the industries of the future will not be industries of the hand, but of the mind. So we have to deploy industry-leading solutions and technology to embrace this shift. Our expansion into the metaverse will not only enhance customer experience and operational efficiency, but also allow us to be more sustainable and resilient for the future. These are vital across all our global operations.”

In DP World Tweet they state, for us the metaverse is not a buzzword but a business tool. 

DP World’s operations, span six continents, 80 ports and various logistics operations, the company is uniquely positioned to help customers accelerate the flow of goods into its logistics networks.

Mike Bhaskaran, group chief operating officer of digital technology at DP World, said: “The DPMETAWORLD will allow us to provide highly flexible, cost-effective supply chain solutions. The real benefit for our customers is being able to see and understand the whole supply chain from end to end, with full visibility, and create alternate routes in case of logistics bottlenecks. We are very excited about providing these unique solutions to help resolve real-world supply constraints.”

DP World will explore metaverse applications for its services, including simulations of warehousing and terminal operations, in so-called digital twins ,3D virtual versions of physical assets,  as well as container and vessel inspections.

Other customer-focused applications include enhanced retail market access, with the potential to extend DP World’s 1600+ showrooms at the Dubai Traders Market to an unlimited number of customers through an immersive shopping experience.

DP World also plans to benefit from the metaverse through fully immersive virtual training for its staff. In 2021, its Port & Terminal Training Centre in Jebel Ali trained more than 10,000 employees, totaling close to 34,880 training days.

As per DP World, replacing physical training with an immersive alternative in the metaverse will reduce the time it takes to train operations teams by 50%, slashing costs as well as increasing efficiency and safety and saving over 17,000 training days just in the UAE.

DP World since 2018 has been at the forefront when it came to digitization efforts utilizing Blockchain. In 2019, DP World signed an MOU with Dubai Chamber of Commerce and Industry on the Digital Silk Road Project which is blockchain enabled.

DP World also worked with Infor, a global leader in business cloud software specialized by industry,  for its Blockchain enabled Infor GT Nexus Commerce Network as the technology backbone to power its Global Supply Chain Platform Initiative.

UAE Minister of AI and Digital Economy looks at converging Metaverse, Blockchain, and AI

UAE Minister of AI and Digital Economy looks at converging Metaverse, Blockchain, and AI

During the World Economic Forum in Davos, CoinDesk carried out an interview with UAE Minister Omar Sultan AlOlama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work.

Some big takeaways from his interview that I found interesting were the following. First he noted that he was pleased to see more and more governments embracing crypto and finding use cases for it. He also noted that Blockchain had become more popular and as he stated, “This is good for everyone because you can build a more trust based society that will take us into Web3.0”

He also made a comment that while most governments just talk about AI (Artificial Intelligence), the UAE is actually walking the talk. He states, “The UAE is taking a proactive role to regulate and deploy AI in environments and is working to attract AI startups.” He believes given the diversity in UAE demographics AI systems developed in UAE will be less biased towards specific ethnicities, genders, etc.. He also states that the UAE with its cutting edge infrastructure and its diverse economic sectors has a volume of data that could create a globally first AI Company from UAE.

According to Olama, the digital economics will be enabled by AI and Blockchain.

When asked if UAE was seeking to become a crypto hub, he stated that it was already a crypto hub in the region and one of the few leading crypto hubs globally. He noted, “ We need to do what people want and for some reasons people have chosen to embark on a crypto journey, some have invested their life savings in crypto. Today crypto is high risk but eventually it will mature, so as governments we either take a back seat or we become leaders. We need to ensure there is no money laundering, no pump and dump trading schemes. Yet given that this market is nascent there will be mistakes and we need to inform public as much as possible to the risks, ensure no illegal activity is happening.”

Olama believes that the biggest aim is to attract crypto talent which is among the best globally because they are building and securing Web3, building metaverse, payment gateways, and other solutions. UAE wants to enable them and create the right environment for them. He notes how both Polygon Blockchain and Binance crypto exchange have relocated to UAE.

He believes that the regulatory environment in UAE, is one where the regulator views companies and entities as innocent until proven guilty, ensuring the right checks and balances while being agile and nimble.

In his final remark, he notes that at Davos, ” I am  interested in seeing how the metaverse converges with Blockchain and AI and how this will look and use that to launch the right strategies and programs back in the UAE.”

Blockchain Expert Don Tapscott speaking at Blockchain Revolution Summit in Qatar

Blockchain Expert Don Tapscott speaking at Blockchain Revolution Summit in Qatar

Qatar will witness a blockchain revolution summit on the 26th of May 2022 at St. Regis Doha Qatar, with the participation of Dr. Don Tapscott, Executive Chairman of the Blockchain Research Institute, and well known as a leading Blockchain expert.

The summit is being organized by the Blockchain Research Institute Middle East, the first regional branch of Blockchain Research Institute based out of Qatar. The event is set to discuss opportunities to create industry solution frameworks and guidelines leveraging blockchain technologies to secure data, reduce costs and improve timelines.

The interesting highlights of this summit are the speakers and sponsors. Aside from Don Tapscott, speakers include Fadi Nasser, Chief Commercial Officer of Meeza Qatar. Meeza is also sponsoring the event. Nebil Ben Aissa, Chief Executive officer for Nexxo, a private equity investment network dedicated to FinTech is also participating.

In addition Khalid Al Ansari a Doctor of Law (JD) and a Ph.D. candidate in Islamic Finance and Economy at Hamad Bin Khalifa University in Doha, Qatar currently working on finalizing his Ph.D. dissertation in digital economy and blockchain, is also participating as a speaker.  

While both, Shahid A Syed, Head of Transaction Banking & Innovation Dukhan Bank and Mr. Gudni Stiholt Adalsteinsson Acting CEO Doha Bank & Chief Treasury & Investment Officer are also participating as speakers with Doha Bank sponsoring as well.

Dr. Ammar Darwish Al-Obaidani President of the Oman Blockchain Club (2017-2019) is also participating. Since 2019, he has been leading a government company that develops customized integrated digital solutions as a CEO (Frontier Technology LLC).

The significance lies in the level of participants which including the banking and academic sector as well as investors.

This summit comes at a significant time in Qatar. In April for example Qatar Airways announced  it has stepped into the metaverse with the launch of Qverse a Virtual reality experience for visitors on its website with MetaHuman cabin crew, called Sama giving virtual tours. Sama’s name originates from Arabic and translates to ‘sky’. She is a high fidelity digital human brought to life using Epic Games’ Unreal Engine, real-time 3D creation tool that’s used by leading game makers. Neutral Digital developed the VR experience for Qatar airways.

In addition Ooreedo Qatar, mobile telecom group, will be holding its EA Sports FIFA22 Champions Cup being entirely broadcasted in the metaverse and will offer exclusive NFT tokens. The tournament is taking place on May May 24, 25, and 28 at Aspire Ladies Sports Hall in Doha in front of e-Sports enthusiasts who will get the chance to see prominent gamers compete for the title.

Major FIFA and Qatari influencers will also attend the tournament, in addition to a plethora of entertainment and activities to ensure an unforgettable night. Ooredoo Nation – Gamers’ Land, the company’s own eSports brand, will also offer a selection of exclusive non-fungible tokens (NFTs).

“We are proud and excited to be venturing into the world of Web 3.0 technologies with this latest eSports development, which aligns perfectly with our strategic commitment to investment in innovation,” said Nasser bin Hamad bin Nasser Al Thani, Chief Commercial Officer at Ooredoo.

“We see eSports as one of the key areas of focus in this digital era, and an area in which we can explore the many opportunities to offer our customers an unrivalled experience.”

This comes after FIFA2022 announced that crypto.com will be sponsoring and AlGorand Blockchain will be a partner. It also comes after CoinMENA, crypto exchange announced it is serving clients in Qatar which prompted a reply from Qatar Central Bank noting that it has not licensed any crypto exchanges in Qatar and will take legal actions against any crypto exchange which claims to be operating with a license in Qatar. When questioned by LaraontheBlock Dina Semaan noted, “ People took this out of context, we never said we were licensed or regulated in Qatar, we said we now offer our services to Qatar, which could be from any location in the world and in this case from our licensed entity in Bahrain.” She added, “We can support all GCC countries and other MENA countries upon approval from Central Bank of Bahrain.”

WadZPay Blockchain payments provider to list on UAE Crypto Exchange soon

WadZPay Blockchain payments provider to list on UAE Crypto Exchange soon

WadzPay will list its token on a Middle East crypto asset Exchange soon, according to its Group CEO. In a tweet WadzPay CEO Anish Jain states “We will also expand presence to regional exchanges in UAE, India, Africa and South America.”

The WadzPay ecosystem provides infrastructure for emerging CBDC and Stable coin technologies allowing governments and institutions to sandbox or commercialize programs both at a domestic or international level.

WadzPay is building an interoperable and agnostic blockchain-based payments ecosystem. The company was founded in 2018 in Singapore and is currently operating in South East Asia, South Asia, Middle East and Africa. As per their website the company saw the potential for CBDC and Digital Assets leading the next revolution in the payments industry: by enabling faster payments, improvements in security, cost efficiency with optionality.

They claim to be working with large international payment companies, banks and other large global companies to enable digital asset-based transaction processing and settlement. WadzPay is currently present in Dubai UAE.

WadzPay recently took part in Commercial Bank of Dubai’s Innovation Challenge at DIFC FinTech Hive. Where they presented their digital wallet solution and were shortlisted in the Top 10 Companies, from a field of 100. In the final round WadzPay together with Commercial Bank of Dubai’s team will Pitch their solution to  their Executive Council.

UAE Based Cheeze Blockchain NFT photography app gets NetFlix Co-Founder on Board

UAE Based Cheeze Blockchain NFT photography app gets NetFlix Co-Founder on Board

Cheeze, rooted in the UAE, welcomes Ex Netflix Co-Founder Marc Randolph to its board of Directors. This comes after the completion of Cheeze’s second seed round where Randolph continued his investment.

As quoted on Forbes Randolph stated, “I am very excited about joining the Cheeze, Inc. board. The team Simon (Hudson, Cheeze CEO and Founder) is building is really impressive, and I am excited to see the progress they make,” Randolph said.

In March 2021, Cheeze Blockchain NFT photo application teamed up with UAE Based SRG Holding to develop minting studio for NFTs. Cheeze partnered with UAE based property developer to offer its engineering team a new base to develop and launch a new minting studio for NFTs (non-fungible tokens). Cheeze has partnered with Mohamed AlRafi, Founder of SRG Holding in the UAE, to start work on creating an engineering headquarters in Dubai and will continue to hire engineers over the coming months.

Cheeze was established in Silicon Valley in 2018. “Dubai is the perfect base to for a tech firm’s engineering team, with its record-breaking internet speed, advanced knowledge of Blockchain technology and contemporary working environments. AlRafi, who owns and operates a number of hugely successful businesses both globally and in Dubai, is now expanding his portfolio into the tech space by partnering with Hudson and investing in his company Cheeze,” a statement said. 

The Cheeze app will allow people to mint their photos into what are called NFTs, giving users the ability to trade and sell them on the blockchain. With a wide target demographic of photographers, collectors and consumers, the concept has been bolstered by the recent boom in the NFT space with sellers such as Beeple and 3Lau making millions of dollars.

The platform brings photography to the blockchain through the launch of NFT photo galleries. It enables anyone to purchase a photo gallery on its platform and lease out the space to photographers who want to showcase their collections. Cheeze is built on Flow Blockchain, where there are no gas fee charges for minting NFTs.

“Simon and his team have also shown that they are focused on providing true utility to people looking to bring their work to Web 3.0, and in an NFT environment where style seems to trump substance, this is a recipe for long term success, I’m very excited to be a part of this adventure and have a front-row seat as Cheeze figures out what this new world of Web 3.0 can provide.” added Randolph

BSV Blockchain to return Blockchain to Satoshi’s vision across MENA and the globe

BSV Blockchain to return Blockchain to Satoshi’s vision across MENA and the globe

BSV Global Blockchain Convention which commenced today in Dubai UAE is aiming to bring Blockchain back to Satoshi’s true vision and make it useful efficient and good.

Jimmy Nguyen, Founding President of BSV Blockchain, told attendees in his opening speech, “In the world today we are seeing too many coins, more than 10,000 cryptocurrencies listed on CoinMarket. We are seeing algorithmic stablecoins crash like in the case of Luna from Terra, with many of these coins being connected to crime. This is not the world I entered into when I started in Blockchain. Today we are here to start a conversation around building a world of Blockchain that is better. Build a world where Satoshi’s vision for BSV original protocol, one of P2P electronic payment transactions, and a data blockchain infrastructure useful for everyone. We are here to make the blockchain useful again.”

He goes on to state that the Satoshi vision was one of efficiency, honesty, a world of good. Bitcoin was created to address problems and issue a powerful data code and develop the internet protocol where it natively would send payments between devices without an intermediary.

Satoshi didn’t call this a blockchain, he called it a distributed time stamp server publishing transactions time stamped in a distributed manner.

Nguyen notes that BSV has demolished prior assumptions and hit 20 million transactions in April 2022, with blocks of 4GB of data. BSV is also the only blockchain that has the capacity to store NFTs on chain and yet he states this remains unmentioned unrecognized by others.

Nguyen believes that Blockchain and crypto should become more than speculative investing. He adds the world of scaling is currently not happening on Bitcoin because it is not being used for daily payments as this would create network congestion given that Bitcoin platform can only carry out 3-7 transactions per second, which is nowhere near the capacity of Visa or MasterCard that can carry out 50,000 transactions per second.

He explains, “At BSV Blockchain we have demonstrated 100,000 transactions per second, we have scaled and our network capacity is 4 GB per block which is 4000 times more than the capacity of the Bitcoin network. In April we demonstrated 2.4 million individual Bitcoin transactions in a single Block and this was Satoshi’s original design for Bitcoin. This is why Satoshi develop OP_PUSHDATA4, allowing users to send gigabytes of data in a transaction working to push to 4.3 GB of data in a single Bitcoin transaction.”

Scaling the blockchain is necessary to make it useful and inexpensive. The BTC network according to Nguyen is congested and transaction costs are high and unreliable, anywhere between 70 cents to 30 USD. Ethereum is not that better with average costs ranging from 3 USD to 70 USD and currently standing at 24 USD. This means minting an NFT on Ethereum costs 80 USD. On BSV it costs 1/100th to 1/20th of a cent, almost free. The goal is to get that number down to 1/1,000th of a cent  This is the way Satoshi had designed it adds Nguyen.

He explains, “Satoshi wanted people to be able to send small casual transactions over the internet, and that is why we are working with IPV6 internet protocol. The combination will create something formidable.”

In the MENA region BSV has already started its journey. Muhammad Salman Anjum Head of BSV Hub for MENA & South Asia stated, “We have launched our BSV MENA hub out of Dubai UAE and are developing partnerships with academia, governmental entities, the private sector, developers as well as regulators to push forward the adoption of Blockchain and BSV.”

BSV is working with several entities in the UAE including the Ministry of Energy, University of Sharjah, and UAE Department of Community, Dubai Police and others to build the research and development as well as knowledge base.

BSV MENA will also be promoting the launch of Women ambassadors in the upcoming months to encourage more women to enter the blockchain ecosystem.

While Ahmed Yousif, Lead of Government Initiative Middle East BSV Blockchain discussed the work BSV is doing with governments in MENA and how this relates to Smart Cities.

As he stated, “The MENA governments have a huge interest in use cases where blockchain can solve problems and the BSV task force is working with governments in KSA on Blockchain use cases for smart cities and Saudi green initiative. Bahrain government is also working on use cases in government on the infrastructure side.”

He gives an example of a use case in KSA where a Saudi diplomatic gated community, will be utilizing NFTs ( Non Fungible Tokens) in Riyadh KSA to encourage its residents to participate in green initiatives as part of the community.

He notes that the BSV journey in the region is just starting but BSV is here to disrupt the way we share data.

Qatar opens its doors to CoinMENA Crypto exchange as a regulated exchange

Qatar opens its doors to CoinMENA Crypto exchange as a regulated exchange

CoinMENA Chief Operating Officer Dina Semaan announced today on twitter that CoinMENA crypto exchange is now serving clients in Qatar. This would be the first crypto exchange to officially announce that it is serving clients in Qatar. As per her tweet, “Starting from today, CoinMENA services are now being offered in Qatar, making us the first regulated crypto exchange to be offering services in Qatar.” She adds with this expansion we now offer CoinMENA services in six Arab countries, and we continue to achieve our goals of offering the simplest and easiest method for trading crypto.” This comes after Qatar’s FIFA 2022 took on sponsors such as Crypto.com, one of the international crypto exchanges globally. It also comes after FIFA signed up AlGorand Blockchain as a sponsor and partner for their digitization plans in the sports and entertainment sector. CoinMENA was first regulated in Bahrain, and then sought regulation in UAE, and offers its services in KSA, Kuwait, Oman, and now Qatar as a regulated entity. In the press release CoinMENA confirms that it has become the first regional digital assets exchange to offer its services in Qatar, meaning that users across the Gulf state can now easily and safely invest in cryptocurrencies for the first time. Qatari citizens and residents can open accounts with CoinMENA and have access to all the features the platform has to offer, including connecting their bank accounts to their CoinMENA wallets, enabling them to deposit and withdraw funds directly and safely within minutes. Commenting in a joint statement, CoinMENA Co-Founders Dina Sam’an and Talal Tabbaa said: “We are delighted to become the first crypto exchange to offer our services in Qatar. Investors have been asking about our plans to enter the country for some time now, so this news represents a major milestone on our long-term geographic market expansion plans.” The Bahrain-headquartered firm recently became the first onshore licensed crypto exchange to introduce limit trading, enabling the CoinMENA users to set the price at which they wish to buy and sell crypto. Users in Qatar will also be able to utilize the recently added features including withdrawing USDT via the TRON network for lower fees, and earning bonus rewards when they invite their friends through CoinMENA’s referral program. “CoinMENA’s entry into Qatar is a huge step on our journey to becoming the Middle East and North Africa (MENA) region’s preferred crypto financial services company,” said Sam’an. “Our team is constantly striving to onboard new countries and introduces new features to a wider audience.” “We are immensely proud of everything we have achieved during our first year of operations,” Tabbaa added. “However, we still have a lot to achieve, which is why we will continue to work tirelessly to deliver the best possible experience for our ever-expanding user base.”

Saudi Arabian’s traded 20 billion USD worth of virtual assets in 2021

Saudi Arabian’s traded 20 billion USD worth of virtual assets in 2021

800,000 Saudi’s used digital currencies in 2021 with the value of virtual asset transactions in Saudi at around 20 billion USD and this is expected to grow five times over the next five years. The information was shared by Ali AlObaid, Managing Director of BitOasis crypto exchange, to Arab News

In the article he states, “We believe that this can grow by five times over the next five years. Last year, KSA probably represented 15 percent of Gulf Cooperation Council and Middle East and North Africa activity.”

He added that around 4 percent of adult population in MENA will have invested in crypto by the end of 2022. While in the USA 20 percent of adults have invested in crypto.

BitOasis user base in KSA is primarily millennials, 25-34 year old’s, with 30 percent of those trading on BitOasis between the ages of 35-44 years.

In a YouGov survey recently it noted that 1.8 percent of Saudi Arabian residents currently trade in cryptocurrencies. Yet it is Morocco that tops crypto ownership as per a TripleA report, followed by Egypt, UAE, and then KSA.

The report noted that in 2021 3.9 percent or 300 million people were crypto users globally with 18,000 businesses accepting crypto payments.

Investing in Properties in Lebanon now through Fractional NFTs

Investing in Properties in Lebanon now through Fractional NFTs

Three villas in Lebanon can now be bought using fractional NFTs ( Non Fungible Tokens). Utilizing Aqarchain which is the first crowdfunding fractional NFT investment platform for properties globally, investors of all income levels can own a piece of property in Lebanon and make a return on investment by receiving dividends from rent and sales.

Aqarchain.io has listed Villa Ekolu valued at 640,000 USD divided into 3,746 shares and so far 10.73 percent has been subscribed to it. Aqarchain is offering 7 percent guaranteed Return on Investment.

There are two other villas as well Villa Ekahi valued at 525,000 USD and Villa Hauoli valued at 415,000 USD.

This is the first time property in Lebanon has been tokenized as NFTs and listed.

Aqarchain,  a blockchain powered real estate asset tokenization platform, which aims to create a decentralized ecosystem where investment in real estate is as easy as investing in shares on the stock market, has now launched a NFT marketplace.

Aqarchain mints real estate NFT and fractionalizes it. The company has developed the world’s First Decentralized Real Estate NFT marketplace with a MetaVerse.