Abu Dhabi: “Gulf”
e & (“Etisalat Group”) announced the launch of its first immutable token group (NFT). Thus, E&D will be the first group of technological investments to launch these lands in the Middle East.
The first set of digital tokens will be distributed to a selected group of people, while the “Eand” will successively announce the details of the other tokens according to its plans regarding non-interchangeable token technology.
The inaugural digital argument set reflects E&D’s commitment to enhance technical capabilities, as the volume of transactions executed through the company’s blockchain subsidiary exceeded 10 billion dirhams last year. It also expresses its vision to bring about positive changes in all its operations by innovating and activating the best solutions, utilizing advanced technologies and maintaining advanced communication infrastructure.
Hatem Dowidar, CEO of E&G Group, said: “The digital transformation we are taking on all fronts is pushing us to strengthen our pursuit of innovation. The concept of metaverses offers many ways for us to test digital domains in ways that would have been unimaginable a few years ago. At this crucial point in our efforts to leverage blockchain technologies, we are proud to be the pioneers of industry in the Middle East in launching these brands, which allow us and our customers to explore the limitless opportunities that lie ahead in this metaverse space. ”
Support new products
He explained that the design of non-interchangeable symbols in the UAE confirms the group’s effort to support the development of new products, technologies and solutions in the country. “It’s a unique opportunity to celebrate our tireless efforts to predict the future of technology. We live in an era of communication renaissance, where we must take advantage of all the opportunities that enhance our leadership position in the field of digital communication in a highly interconnected world. “
Irreplaceable tokens are digital assets that hold special digits stored on the blockchain, enhancing their privacy and ownership. With the speed and efficiency of 5G networks offering uninterrupted communication capabilities, the innovative ways in which they can be used in the non-interchangeable token market are limitless. A network that supports these arguments should be characterized by a very high communication speed of data transmission in milliseconds, with advanced cyber security protocols to protect assets valued at hundreds of millions of dollars and continuous and hassle-free network access , regardless of the volume of data.
Non-interchangeable signs have caught the attention of many people in recent years as they are digital assets spanning different sectors; From art to music, games and multimedia and are regularly purchased online. The market value of non-exchangeable tokens in 2021 was $ 41 billion, roughly equal to the total value of the entire world fine arts market. Because of their specific domains and unique concepts, NFTs have unique identification marks, unlike the open-ended issuance of other cryptocurrencies, enhancing the protection of intellectual property through blockchain technology.
This launch is the latest success E&D has witnessed in its transformation into a global technology and investment group earlier this year. E&E has played an active role in the development of the telecommunications infrastructure in the UAE since the group was established 46 years ago. In connection with its transformation into a technology conglomerate fulfilling its digitalization aspirations in the UAE, E&D has been keen to unify its scalable technical competencies and in-house expertise in the telecommunications sector, which has enriched its style. of customer life and has increased value for the business. sector.
Etisalat Group launched the new “E &” brand on February 23, 2022, which aims, through its strategy, to accelerate growth through a flexible business model representing the group’s core business sectors. The telecommunications sector comes to the forefront of these sectors, to preserve the legacy and excellence of the group in providing superior telecommunications services in the UAE and internationally. To focus on customer technology investments, in a way that enhances their experiences and improves their lifestyle, “e & life” comes to make the digital world of the next generation of digital services sustainable and responsive to demand of customers’ daily lives. including entertainment, retail, mobility services, and financial technology. To increase technology investments for governments, businesses and enterprises, E & Enterprise focuses on maximizing the value that E&C offers to businesses and governments through powerful cybersecurity solutions, cloud computing, Internet of Things and artificial intelligence, as well as mega- projects. E&E, through E&E Investment, will focus on investment opportunities and acquisitions, to increase its global presence and shareholder returns.
Abu Dhabi: “Gulf”