Digital currencies and blockchain technologies have been introduced into our life in the last decade, providing people with new investment opportunities, and as ever, the forward thinking United Arab Emirates, has already positioned itself as a crypto hub.

Investors can now learn more about cryptocurrencies and blockchain technology due to the educational platform Coinmarketpedia that has recently been launched in the country. For now, it is available on an invite-only basis and is aimed at top investors, but it’s expected that by mid-April the platform will be open to the public. Coinmarketpedia helps to demystify blockchain technology to the public. Members of the public can access paid courses and learn more about the terminology and trading, as well as start making profitable investments.

Ali Sajwani, General Manager of Operations at Damac, predicts that the real estate market is going to be the first sector that will adopt non-fungible tokens (NFT’s) for real applications. He recently published a poll on Twitter, and one-third of the 4,200 participants had supported this idea. The sports and entertainment industry as well as automotive and luxury goods were placed lower in the poll.

Each NFT is unique and can’t be changed for an equivalent token. Even though nowadays NFT’s are mostly used for virtual art, there are several examples showing that it can play a role in physical actions as well. For example, the first property transaction with the use of an NFT took place in Kyiv as Michael Arrington, the founder of TechCrunch, sold an apartment there.

As Ali Sajwani has stated, one of the advantages of the use of NFT’s in the real estate sector is that royalties can be built into the tokens, meaning that they can be used together with Real Estate Regulatory Authority (RERA) title deeds or for the collection of Dubai Land Department (DLD) fees.

On February 22, 2022, the highly anticipated Museum of the Future was opened in Dubai. It is a permanent exhibition which aims to show the possible future of humanity as well as the technologies that are waiting for us in the decades to come. From February 24 to March 29 free of charge talks by Changpeng Zhao are going to take place there. Zhao is the Founder and CEO of Binance, which is considered the biggest bitcoin and altcoin crypto exchange by volume in the world. As for now, Binance has a trading value of $2 trillion and its own cryptocurrency named Binance Coin (BNB) ranks the third in the market share.

Last November Changpeng Zhao announced his plans for purchasing an apartment in Dubai. His fortune, for now, is about USD 96,000,000 which makes him the richest man in Canada. During his talks, Changpeng Zhao will talk about his experience before the launch of Binance, as well as sharing his vision for the future of finance, apps for blockchain technology and cryptocurrencies and the role of Dubai in this developing sector.

As for now, it’s possible to obtain properties with digital currency in developments such as Emaar Beachfront by Emaar Properties, Bulgari Residencies and Port De La Mer by Meraas, as well as Cavalli Tower by DAMAC Properties. In December 2021 it was announced that Dubai World Trade Center is going to become a designed crypto zone and a regulator for digital currencies.