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Dubai NFT News

Race Kingdom, a racing gaming platform based in the metaverse, announced the release of the second batch of its camel NFTs, ZyCrypto reported.



Founded by Dubai-based blockchain entrepreneur Omar Gull, the second batch of Race Kingdom NFTs consists of 999 digital collectibles with numerous characteristics and features, including genetic profiles and 3D visuals that will be helpful during breeding and game races.



The new NFTs mix four genera and four rarities from the performance attribute they fall under within the game. Owners of camel NFTs will benefit from them during the gaming experience such as participating in racing championships, access to game rewards, breeding, sweepstakes, and renting opportunities.



The camel NFTs will be available for the users on OpenSea on March 2. The floor price of these NFTs in the primary market will access users for owning a mystery box, which contains an ultra-rare camel with the highest values from the four performance attributes.



Commenting on the new NFTs, Gull said Race Kingdom managed to launch its native token, $ATOZ, and camel NFTs, which represent two key milestones on their roadmap, pointing out Race Kingdom is set to roll out its alpha gameplay in the first quarter of 2023.



Gull noted: &#8220;We are thrilled to offer fans and collectors the chance to own a piece of the exciting world of Race Kingdom. We have accomplished the two key milestones per our roadmap – the launch of a native token, $ATOZ, and now the launch of camel NFTs. We look forward to rolling out the alpha gameplay this quarter. Our tech team has been working hard developing the game and different race tracks. I believe blockchain gaming has a huge potential and will play a tremendous role in wider web3 and crypto adoption.&#8221;

Race Kingdom

Race Kingdom Releases 2nd Batch of NFTs

Today, Dubai witnesses the opening of the first physical NFT shop at the Mall of the Emirates.&nbsp;



Operated by the international tech giant SoftConstruct and part of the&nbsp;<a target="_blank" href="https://fastex.com/" rel="noreferrer noopener">Fastex Web3 ecosystem</a>, ftNFT will let its visitors browse, purchase and sell NFTs in person and create 3D avatars for themselves through a professional 3D NFT scanner.



On the opening day, ftNFT visitors can meet NFT artists and exhibitors, who will give more information about their artworks. Amrita Sethi, the first NFT artist in the UAE, is expected to attend the opening. The shop will display the NFT <a href="https://web.facebook.com/people/AknEye/100086693501323/?paipv=0&amp;eav=AfbPt_dM2i-1LsdnG6SzV762qH1qHVjjQU49Jqs41CGwS5pqOWhigjMZyckqhs_nU8A&amp;_rdc=1&amp;_rdr" target="_blank" rel="noreferrer noopener">collection of AKNEYE</a> and Chiko &amp; Roko.&nbsp;



SoftConstruct intends to open the second physical NFT shop at Dubai Mall, saying that its shops come within a framework to be a gateway to digital art, music, and other ways of creating, utilizing, and monetizing NFTs, <a href="https://www.ftnft.com/physical-nft-store" target="_blank" rel="noreferrer noopener">according to ftnft website</a>. 



According to the Armenian company, ftNFT aims to collaborate with artists, creators, brands, interested partners, and peers who want to showcase their artwork in form of NFTs, opening the door for artists to create their pieces of art to show them at its shops in addition to bringing NFT and crypto enthusiasts to a physical platform making them interact with each other.&nbsp;



It also pointed out that the NFT shops target educating people on digital collectibles rather than selling them by offering face-to-face support for customers from professionals.&nbsp;



There are eight brands under SoftConstruct that offer IT solutions to various industries, with over 300 partners and over 16 offices worldwide. It has its unique NFT marketplace, ftNFT, operating under the Fastex ecosystem that also includes Fastex Exchange, FastexVerse, Fastex Pay, Fastex Chain, FastToken and FirstTicket.



It is obvious that the UAE, especially Dubai, attracts IT companies to showcase their latest innovations in the Web3 world and its products in light of the country&#8217;s keenness to ease the crypto regulation. In addition, reports said that the UAE is one of the fastest-growing destinations for Web3 projects, thanks to the initiatives taken by its government.

ftNFT Shop

First Physical NFT Shop Opens in Dubai

The Dubai Police announced the launching of their smart Ghiath patrol vehicles as non-fungible tokens (NFTs).



The announcement was made during the Gitex Global tech show, being held at Dubai World Trade Center.



These luxurious smart patrols feature a facial and license plate recognition system, eight exterior surveillance cameras, and a 360-degree camera.



Dubai Police launched 150 NFT collectibles as a first set, which are all now owned. Their owners expressed their pride in possessing such NFTs that symbolize values of innovation, security, and communication.



The second NFT collection has been announced during Gitex, which lasts till October 14.



In this regard, Director of the General Department of Artificial Intelligence at Dubai Police Khalid Nasser Al Razooqi said the announcement comes within a framework of the Dubai government&#8217;s plan to invest more in digital assets and attract those interested in this new digital trend.



According to him, the Dubai Police is the UAE&#8217;s first government body to create its own digital assets and the first police organization in the world to do so.



Razooqi said Dubai Police had launched earlier this year its first collection of NFTs (150 NFTs), a matter which reflects values of security, innovation, and communication.



The primary goal for launching these sets of NFTs is to communicate with Dubai Police and give an opportunity to those who are interested in the NFT world to take part in workshops and sessions in the field of digital assets, he added.



About 22.91 million people from different countries applied for purchasing Dubai Police’s first collection of NFTs which was released during the second quarter of this year. The top five countries were the UAE, Saudi Arabia, the United States, Nigeria, and India.



NFT is a form of digital asset that showcases real-world artifacts such as music, arts, precious gems such as diamonds, in-game stuff, and many more. They are often encrypted with similar software as any other cryptos and are purchased and sold online with cryptocurrency.



No NFT is the same, and it’s not similar to any other with respect to value or property. Every NFT is allotted a digital hash differentiating it from other NFTs. This distinct trait enables an NFT to be used as proof of provenance.

Dubai NFT News

Latest Dubai NFT News