Gulf News now consists of an NFT Marketplace!

With this step, Gulf News moves forward to join the race into the digital space.

Dubai’s leading English daily, Gulf News, has entered the digital space with the launch of NFT. Gulf News is reported to be proud to own its collection of Non-Fungible Tokens (NFT) which was created and launched for the first time in the digital world. The United Arab Emirates-based newspaper organized a two-day technology event called Web3 DeCode that brought its audience the experience of traveling in digital space that contained a whole series of successful photographs.

Gulf News has partnered with a blockchain-based virtual reality platform, Virtua, to launch its NFT collection. Virtua has also been the market for the Gulf News NFT collection. Virtua NFT Marketplace Art Lead Paul Wallis has previous experience working with popular brands like Hero ISL, Paramount, Legendary Entertainment and Williams Racing. Gulf News has also been added to the list.

Wallis stated that Gulf News is again moving forward as it embraces cutting-edge Web 3, a new, decentralized version of the internet, and blockchain and metaverse integration. Virtua Head of Art believes that preserving the Gulf News archives in the form of NFTs would be interesting and increase engagement for the average reader.

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This would be possible because the NFTs have a collection of moments from major events in UAE history that Gulf News had compiled. According to Wallis, in this way, the collectors of these NFTs will own a piece of history, as they own the Gulf News NFTs. As the metaverse continues to grow and come to life, it allows the Gulf News team to host events and gallery shows as if they were programs.

Wallis said of the NFTs that they come in a number of colors, black and white, sepia, while being priced such that it would be easy and affordable for just about anyone to get a piece from this collection of NFTs. During the announcement of the official launch of the Gulf News virtual reality (VR) gallery, Wallis said that like all other artworks, NFT artworks should also not be seen as an attachment with utility. Buying an NFT is the same as someone buying a piece of art in a gallery.

Dubai Blockchain Center CEO Marwan Al Zarouni led the NFT launch even while Gulf News CEO, Editor-in-Chief and Managing Director of Publishing Abdul Hamid Ahmad was also there along with Virtua Art Director, Paul Wallis, on stage. .

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