UAE Based Zeniq launches tokenization project

UAE based ZENIQ Technologies Ltd, based out of AREA 2071 of the Dubai Future Foundation. and a provider of blockchain decentralised applications, is launching an NFT tokenization project in Dubai UAE. The aim of the project is to revolutionise the trading of digital assets. To mark the occasion, members of the public will be invited to view for the first time a unique show of digital artworks displayed on the world’s largest façade screen of the Burj Khalifa.

The project will establish non-fungible token (NFT) trading platforms for real estate, gold and precious metals, gemstones and digital art. The launch will take place at “The Future of Digital Assets” conference at the Armani Hotel in the Burj Khalifa, Dubai, on Tuesday, 21 September, under the patronage of Sheikh Saeed bin Hasher Al Maktoum, chairman of ZENIQ Technologies. The public exposition of art on the Burj Khalifa will take place at 9:10 pm.

The ZENIQ Art NFT will be the first of several tokens, which are in effect digital stamps of ownership and provenance. Dubai has been selected as the launch venue for the ZENIQ Art NFT because of the city’s increasing role as a global centre for investment in digital art.

“We believe that Dubai will be the focus for the sixth era of world creativity,” said Erwin Dokter, founder and CEO of ZENIQ Technologies.

Paco Bree, professor of innovation at Deusto Business School, digital artist and cofounder of Paradima.io, a company specializing in Digital Art Knowledge, also argues that Dubai is fast emerging as the sixth centre of creativity throughout human history. Some of the factors that nurture this vision be include the commitment to invest and promote creativity and exponential technologies to solve global challenges for a better world. It is no coincidence that Dubai has just announced a new Dubai Creative Economy Strategy, with the aim of doubling its number of creative companies in the next five years. ZENIQ is very proud to be part of that.

The ZENIQ Art NFT will facilitate the authentication, sale and transfer of digital artworks in a safe digital environment. “We are convinced that the ZENIQ Art NFT, used in conjunction with our secure blockchain platform, will stimulate uptake from artists, buyers and dealers alike and grow the market for digital artworks both in Dubai and internationally,” Mr Dokter said.

Blockchain is a system in which a growing list of records is linked and encrypted to protect the security and privacy of users, applications and assets. Blockchain is maintained on multiple computers that are linked on a peer-to-peer network. The ZENIQ ecosystem and its blockchain is designed to provide unprecedented security standards for these assets.