Gulf News has now joined global players in the NFT game
Dubai: Gulf News is now the proud owner of its very own NFT collection, created and made live for the first time in a virtual or digitally enabled environment.
Web3 DeCode, a two-day tech event organised by Gulf News, took the audience through a digital journey that comprised of a series of archived photographs.
The NFT launch was held in association with Virtua, a blockchain-driven virtual reality (VR) platform, which was also the marketplace for Gulf News’ NFT collection.
NFT stands for Non-Fungible Token. ‘Non-fungible’ means that it is completely unique. ‘Token’ means that it can be transferred on a blockchain. Essentially, NFTs are assets that carry a unique digital identity and can be traded between users on a public blockchain.
Common examples of NFTs include artwork, trading cards, comic books, sports collectibles, games and more. Although NFTs tend to be associated with artwork, they represent much more.
The basis of...
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