As blockchain technology gains global momentum, the MENA region is turning an interested eye to this ground-breaking innovation. Particularly, Non-Fungible Tokens (NFTs) and ‘phygital’ (physical + digital) technology applications in the cultural, artistic, and collectibles sectors are garnering industry recognition. The MENA region has recently seen a surge in demand for services that convert traditional physical collectibles into NFTs through blockchain technology, enhancing their circulation, collection, and promotion.
Fraktiq, an innovative startup, specializes in utilizing blockchain technology, notably NFTs and phygital technology, to fragment physical collectibles and trade them on the blockchain. “Fraktiq emerged from the concept of fusing the unique art and antique market with NFTs’ digital traits. Fragmenting ownership not only widens market accessibility but also makes it more appealing for collectors and investors alike,” elucidated Randy, a co-founder of Fraktiq.
Find out more: https://fraktiq.art/en/
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