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Dubai Technology Entrepreneur Campus (Dtec), the largest tech hub and coworking space of its kind in the MENA region, an initiative of Dubai Silicon Oasis that is part of the Dubai Integrated Economic Zones Authority (DIEZ), today announced that the 41st edition of Dtec Forum will shed light on the ‘Business of Non-Fungible Tokens [NFTs]’ in the UAE and its evolving trends.

Powered by Entrepreneur Middle East, the Forum will be held at the Dtec Auditorium in Dubai Digital Park on 21st June 2022 under the topic ‘A Bubble or a Bet? The Business of NFTs’. The Dtec Forum coincides with Dubai establishing itself as a global crypto-assets hub and NFTs growing in eminence with Dubai and UAE-based entrepreneurs eyeing the domain.

The Dtec Forum will include a presentation by Nelio Leone, Founder and CEO of Urban Monks – a growth marketing agency based in Dubai. This will be followed by a panel discussion on the Business of NFTs.

To be moderated by Aby Sam Thomas, Editor in Chief of Entrepreneur Middle East, the panel will involve leading experts including Anas Bhurtun, co-founder of Arts DAO – the largest IRL [In Real Life] NFT community in the Middle East, Anthony Monteard, Co-Founder of Jumy – a premium NFT boutique for exclusive digital art, and Mihaela Nina, Founder of Mirrows – a NFT digital art venture.

NFTs have witnessed a flurry of interest from UAE-based entrepreneurs attempting to cash in on the fast-growing global industry. As interest in blockchain and cryptocurrencies grow globally, Dubai has reinforced its commitment to establishing a new international virtual asset ecosystem that will generate long-term economic growth through digital innovation in the Emirate.

In his comments on the Dtec Forum, Ghanim Al Falasi, Senior Vice President of Technology and Entrepreneurship at DSO, said: “We are witnessing a defining moment in the evolution of cryptocurrency and NFTs, with Dubai joining the likes of Miami and Zug (Switzerland) as one of the main crypto centres of the world. In line with the limitless potential on offer from this emerging domain, we have brought in leading experts to share their insights and experiences on the subject at the Dtec Forum to learn more about the advantages and the risks. The global pandemic has also accelerated the use of NFTs technology across many established markets. We are thankful to the support of our partners, in making this Forum possible.”

"Given the hype surrounding NFTs right now, it's very fitting that this edition of Dtec Forum, powered by Entrepreneur Middle East, will be delving deeper into the mechanics of this phenomenon, and offer perspectives on the entrepreneurial opportunities presented by it as well," said Aby Sam Thomas. "We look forward to having our selection of speakers share with us their expertise on this subject, and we hope that our audience will be able to leave the event with actionable insights to make use of in their respective businesses."

According to SkyQuest Technology, the Global NFTs market was valued at $15.70 billion in 2021, and is expected to reach $122.43 billion by 2028, with a CAGR of 34.10% during the forecast period of 2022 - 2028. The use of NFTs in the art segment is projected to further augment the market growth.

The Dubai Technology Entrepreneur Campus is committed to providing advanced facilities to startups and entrepreneurs, within a conducive business environment alongside a community of like-minded individuals. It is also keen on connecting startups with venture capitalists and veteran entrepreneurs that have a renowned reputation for establishing and growing well-established businesses. Dtec is currently home to more than 1,000 startups from 75 countries.

Source: APCO Worldwide