UAE - Mubasher: ZENIQ Technologies, a provider of blockchain-based decentralised applications, will launch its first tokenization project in Dubai to boost the trading of digital assets.

Under the project, non-fungible token (NFT) trading platforms for real estate, gold and precious metals, gemstones, and digital art will be established, according to a press release on Sunday.

In addition, the ZENIQ Art NFT will be launched in Dubai because of the emirate's position as a global centre for investments in digital art.

ZENIQ Technologies was found in AREA 2071 of the Dubai Future Foundation, a hub aiming to enable Dubai to become one of the world’s leading cities in terms of innovation, and ideas with positive global impact.

The Founder and CEO of ZENIQ Technologies, Erwin Dokter, said: "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."