Dubai set to launch 'Most Beautiful NFTs'

Wednesday, 18 May 2022 21:28

By ARN News Staff

Dubai's Museum of the Future is set to launch its first Non-Fungible Token (NFT) collection as it aims to develop a range of products on the blockchain.

The Museum is collaborating with the world’s largest cryptocurrency exchange, Binance, to roll out what's billed as the Most Beautiful NFTs in the Metaverse.

Its first NFT drop is set to be announced in the coming weeks, with the collection to be intrinsically linked to ‘The Most Beautiful Building on Earth’, aiming to set new standards for NFTs worldwide.

"Museum of the Future’s partnership with the world’s largest cryptocurrency and blockchain ecosystem player makes a significant contribution towards Dubai’s plans to establish a new international digital asset ecosystem, which will, in turn, generate long-term economic growth within the digital economy," said Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Teleworking Applications.

Excited to announce our collaboration with @TheBinanceNFT to launch the Most Beautiful NFTs in the #Metaverse!

This is the first of many ventures to shape our collective futures.

Visit https://t.co/htV9rA1ZMP to pre-register your interest.#MuseumOfTheFuture #MOTFNFT #NFT pic.twitter.com/UNDsg6V4O6
— Museum of the Future (@MOTF) May 18, 2022

Metaverse

The metaverse is a digital environment made up of augmented reality (AR), virtual reality (VR) and blockchain.

It's a virtual world, almost like a video game that impersonates the real world.

NFT

NFTs are digital certificates made using Blockchain technology and they represent ownership of unique items.

The proof of ownership is stored in Blockchain and is highly secure, and the record of ownership cannot be modified.

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