Saudi Nuqtah NFT signs MOU with Saudi STC Group to tokenize photographs

Saudi Nuqtah NFT signs MOU with Saudi STC Group to tokenize photographs

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 photography and blockchain technology together. Through this collaboration, Nuqtah will be creating Non-Fungible Tokens (NFTs) from photographs taken by stc.

This Memorandum of Understanding was signed on the main stage at the Leap 2023 Tech Forum in the capital, Riyadh, KSA. 

Salwa Radwi, Founder of Nuqtah NFT on LinkedIn stated, “At Nuqtah, we are proud to be the first blockchain and Web3 Company in Saudi Arabia to gain this amount of trust and approval from public and private bodies on a national and international scale.”

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