Dubai’s Museum of the Future partners with Binance to issue NFTs

Dubai’s newly-opened Museum of the Future aims to develop and launch a range of digital products on the blockchain platform, starting with its first-ever NFT collection – The Most Beautiful NFTs in the Metaverse.

To that end it has collaborated with Binance NFT, the NFT marketplace of blockchain and cryptocurrency infrastructure provider Binance.

The Museum of the Future intends to develop assets within fields of NFTs, cryptocurrencies and the blockchain, exploring the ideas of the future of mixed reality, mobility, the metaverse and other future technologies.

A release by the Museum of the Future said that it “is developing a range of virtual assets and will pioneer development in the crypto-technology space.”

Excited to announce our collaboration with @TheBinanceNFT to launch the Most Beautiful NFTs in the #Metaverse!

This is the first of many ventures to shape our collective futures.

Visit https://t.co/htV9rA1ZMP to pre-register your interest.#MuseumOfTheFuture #MOTFNFT #NFT pic.twitter.com/UNDsg6V4O6

— Museum Of The Future (@MOTF) May 18, 2022

The first NFT drop is set to be announced in the coming weeks, with the collection to be intrinsically linked to ‘The Most Beautiful Building on Earth’.

Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Teleworking Applications, said, “Museum of the Future’s partnership with the world’s largest cryptocurrency and blockchain ecosystem player makes a significant contribution towards Dubai’s plans to establish a new international digital asset ecosystem, which will, in turn, generate long-term economic growth within the digital economy.”

Helen Hai, Head of Binance NFT, added, “We look forward to working with the Museum to develop industry-leading digital products that enhance the growth of the industry and promote adoption of blockchain within the region.”

In March, Binance was granted a Virtual Asset Licence, allowing it to operate under Dubai’s ‘test-adapt-scale’ virtual asset market model. The company was therefore allowed to offer limited exchange products and services to pre-qualified investors and professional financial service providers under the initial regulatory phase of the Virtual Asset Regulatory Authority (VARA), which includes strict regulatory oversight and mandatory FATF compliance controls.

Read: Binance secures licence by Dubai’s Virtual Asset Regulatory Authority

At the World Government Summit held in Dubai a few weeks ago, the Dubai Municipality said announced plans to enter the metaverse too.