NMKR And Newtek Holdings Sign Agreement
An agreement is to launch a host of NFTs backed by commodities and real estate on the Cardano blockchain. A blockchain technology provider NMKR has partnered with NewTek Holdings to bring real-life assets into Web3, beginning with prime Dubai real estate projects. Patrick Tobler, Founder and CEO of NMKR, and Safi Qurashi, CEO of newly […]
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An agreement is to launch a host of NFTs backed by commodities and real estate on the Cardano blockchain.
A blockchain technology provider NMKR has partnered with NewTek Holdings to bring real-life assets into Web3, beginning with prime Dubai real estate projects.
Patrick Tobler, Founder and CEO of NMKR, and Safi Qurashi, CEO of newly established NewTek, signed an agreement to launch a host of NFTs backed by commodities and real estate on the Cardano blockchain.
The two companies believe the move will put them at the forefront of technology implementation towards mass adoption.
“We are thrilled to be partnering with NewTek,” said Patrick Tobler, CEO and Founder of NMKR. “Combining Safi’s network of well-established enterprises and his expertise in adopting new technologies into up and running businesses will be a key step in our strategy to shift the NFT market towards real world and everyday use cases.”
London-based NewTek initially focuses on major real estate projects in the Middle East, principally Dubai, after recently entering into a strategic partnership agreement with Singapore-based asset managers Stratez Capital.
With its new partners, NewTek aims to open two of the biggest asset classes to the masses by jointly developing real estate projects and commodity trading utilizing blockchain and Web3 technology.
Said Qurashi: “I’m delighted to be joining hands with NMKR, the perfect blockchain technology partner, with unrivalled expertise and know-how in Web3 and NFTs.”
“We are looking to merge real-life assets with real value into what I believe is the future of doing business. We have a clear vision of what we want to build, and we need strong partners who share our beliefs, values and objectives.
“What we have designed and planned for Dubai, combining real estate, hospitality and investment opportunities, will, in true Dubai style, be the first in the region.”
