Press Releases TheBitTimes.com

NFT shopping becomes a real-world experience in Dubai, with physical stores opened in the international business hub. Located in Dubai, the business and crypto center of the Middle East and North Africa region, Fastex’s ftNFT shop became the world’s first physical NFT store, offering a seamless interaction between the real world and the digital universe. In a short time, it garnered wide acclaim for its unique concept, friendly staff and exceptional customer service. On the heels of the first phydigital shop’s successful launch, Fastex announced the opening of another physical ftNFT shop in the Dubai Mall, the largest shopping mall in the world. Designed as a one-of-a-kind physical NFT shop, the cozy atmosphere of the ftNFT store transforms purchasing an NFT into a social experience in the real world for customers. Visitors to the shop will be able to enjoy a guided tour across the vast library of NFTs available in the ftNFT marketplace, choose one for themselves and take home their f...

Crypto-friendly cities throughout the world report growth and innovation despite recent events. The sudden failure of FTX has left many people questioning the impact this will have on the cryptocurrency ecosystem. For instance, it remains questionable whether or not crypto hotspots will continue to flourish or if there will be a decline in innovation.  While it may be too soon to fully understand the impact of the FTX collapse, industry leaders within crypto-friendly geographies believe that the FTX failure will not hamper innovation. For example, Dubai — which has been dubbed as one of the most innovative regions for crypto and blockchain development — continues to see ecosystem activity. Most recently, The Algorand Foundation, the organization driving the growth of the Alogrand blockchain, hosted its second annual Decipher conference in Dubai. The event took place Nov. 29–30, just weeks after FTX former CEO Sam Bankman-Fried stepped down and announced bankruptcy. While a number of d...