UAE is evolving as an investment, says tech hub Al Banna, CEO of Lead Ventures – News

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UAE is evolving as an investment, says tech hub Al Banna, CEO of Lead Ventures – News

Mohamed Al Banna, CEO of Lead Ventures.

Mohamed Al Banna, CEO of Lead Ventures.

Published: Sat 13 Aug 2022, 11:09 PM

The UAE has become a global business gateway and technology hub for future generations and the proof is evident when you see new policies and reforms being launched every morning to lay a solid foundation for future generations, Mohamed said. Al Banna, CEO of Lead Ventures. .



Dubai-based Al Banna, in his 30s, is optimistic about emerging Web3.0 trends that made him venture into Cryptoarabs.art.

“My main goal of venturing into Cryptoarabs.art has been to educate the Arab world and provide access to Arab crypto holders.

Ventures, which I founded, has an extensive business network across the world and my goal is to give Cryptoarab holders access to this network in Dubai and around the world,” Al Banna said.

Adi K Mishra, co-founder of Crypto Arabs and founder of Karma Innovations funded the project and helped bring fundamental utility value to this project in addition to Ralf Glabischnig, founder of Crypto Oasis. Al Banna is very optimistic that the nation and Dubai in particular are “future” thanks to the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai. The emirate is witnessing a broad launch of crypto, non-fungible tokens (NFTs), and metaverse.

NFT

While the popularity of non-fungible tokens (NFTs) clearly exploded in the past year, new research from blockchain data platform Chainalysis indicates that if activity stabilizes, spending through 2022 is on the rise. happening to reach unprecedented heights. The report found that collectors had sent over $37 billion to NFT markets in 2022 as of May 1, putting them on pace to beat the total of $40 billion sent in 2021.

As the popularity of NFTs continues to grow, the number of active buyers and sellers of NFTs is also growing. In Q1 2022, 950,000 unique addresses bought or sold an NFT, compared to 627,000 in Q4 2021. Overall, the number of active buyers and sellers of NFTs has increased every quarter since Q2 2020. In the second quarter of 2022, as of May 1, 491,000 addresses made transactions. with NFTs, putting the NFT market on pace to continue its quarterly trend of participant growth.

The report then analyzed the monthly share of Internet traffic to NFT markets by geography, which revealed that while some regions are more active than others, the fact that no one region accounts for more than 40% of the whole of web traffic since the start of 2021 suggests that, like cryptocurrency as a whole, NFTs have captured a global audience.

In the Middle East, web traffic to NFT marketplaces skyrocketed in mid-2021 and has since leveled off, accounting for around 5% of total global traffic. “Dubai NFTs are a natural progression towards a futuristic vision. NFTs are off to a good start, but there is still some way to go in terms of product market fit. We envision that Crypto Arabs, in partnership with Shaabiat Al Cartoon, will be a step in the right direction,” Al Banna said.

“It is very important that NFTs have a fundamental utility in order to maintain primary, secondary and tertiary value in the markets. Our NFT project, Crypto Arabs, is revolutionizing the way the world does business by educating its community members on cryptocurrencies, Web 3.0, and non-fungible tokens (NFTs) through their “Learn to Earn” initiative in the metaverse.

Sheikh Humaid bin Khalid Al Qasimi and Princess Nejla bint Asem of Jordan became among the first members of the Crypto Arabs community. The Royal Highnesses have received artwork based on the final collection which will be minted recently.

“It is an honor to be part of such a highly valued project around education. It is so important that the people of this region are educated and included in the future of finance. Crypto Arabs has a strong network of leaders in the Web 3 space. The knowledge they will impart to the community is invaluable. said Sheikh Humaid bin Khalid Al Qasimi.

Crypto Arabs is a collection of 9,999 unique NFT artworks, crafted in partnership with beloved Arab cartoon creator, Shaabiat Al Cartoon, which aired its 16th season this Ramadan 2022. It’s the first time in the story that an Arabic TV cartoon is turned into an NFT collection and will feature 10 of its most popular characters. The Creation of Cartoons is one of the most popular cartoon series in the Gulf region, which addresses current social and cultural issues, making it a relevant fit for today’s NFT community.

Individuals can become part of the Crypto Arabs community by purchasing an NFT, which will not only give them a collectible piece of art saved on the blockchain as a unique NFT, but also access to a host of benefits built around of their 3 main pillars, Education, Entertainment and Charity.

Mohamed Al Banna’s key vision with this project is to educate the community about cryptocurrency and NFTs, stating, “Web 3.0 is a new era and as seen can be very difficult to navigate. That’s why we bring together some of the brightest minds in the crypto world to educate our community on blockchain and Web3.0. The Crypto Arabs community is your gateway to access exclusive real-world networking opportunities and enhance your business relationships.

Members will benefit from monthly masterclasses and Q&As in an oasis built in “The Sandbox Metaverse” with leaders from the Crypto community, including Dr. Marwan al Zarouni, CEO of Dubai Blockchain Center (DBC) and Saeed Al Darmaki, founder and CEO of Sheesha Finance. These advisors will guide members on how to navigate the world of crypto, staking, Gamefi, NFTs and DEFI and much more. After each masterclass community member completes, they will be rewarded with Partner Tokens.

“In partnership with Crypto Oasis, this NFT collection will allow the buyer to be part of an exclusive community where they will be granted

access to key thought leaders in the Blockchain/NFT space as well as events. One of the key elements of this project is that a percentage of the proceeds from the sale of the collectible will be donated to charity. Crypto Oasis and Crypto Arabs are committed to giving back to the community and making a difference,” said Ralf Glabischnig.

A percentage of revenue from the collection will also go to the Rashid Center for People of Determination, reflecting the true ethos of Crypto Arabs. Adi K Mishra says, “Giving back to the community is part of our DNA. We have already made significant investments to support the local community with some of our other projects. Our investments in Crypto Arabs are another step towards our confidence in the UAE and the GCC as a leading Web 3.0 destination in the future. — sandhya@khaleejtimes.com

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