NFT players bet big on the UAE, with the market expected to reach $5 billion by 2028

The NFT (non-fungible token) market in the UAE is expected to grow rapidly, with the market expected to reach more than $4.7 billion by 2028, with blockchain ventures such as artèQ bullish on the country, despite global predictions of a crypto winter.

Bold and the market friendly government policies, as well as rising demand for NFT products such as arts and sports videos, are driving new NFT players to enter the UAE market. artèQ also runs a gallery in Vienna that exhibits digital masterpieces by top artists and advises creative industries on how to use Web3. Sadeghian also revealed that his art platform would collaborate with Emergeast next year to help emerging MENA artists gain access to NFT.