The Dubai Police department has announced the release of NFTs, its first set of non-fungible tokens, including 150 free digital assets representing innovation, security, and communication.
Members of the public, whether inside or outside the country, can own these digital assets for free by participating in the Dubai Police campaign with a repost, sharing and necessary information for registration of interest, informed Brigadier Khalid Nasser Al Razooqi, director of the General Department of Artificial Intelligence at Dubai Police.
All individuals interested must share the announcement of the Dubai Police Value NFT post with their friends and submit a direct message to Dubai Police on their social media platforms with their names, emails, and NFT wallet addresses, Dubai Police tweeted.
“NFT is a unit of data stored on a type of digital ledger called a blockchain, and every NFT is a unique copy in itself, containing complete information about the date of creation and owner,”
said Al Razooqi.
Dubai Police is the first government entity in the UAE to create its own digital assets and the first police organisation in the world to do so, reported local media.
Meanwhile last month, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, issued the Dubai Virtual Asset Regulation Law to establish a legal framework to protect investors and and implement international standards for virtual assets (VA) industry governance.
The law is applicable throughout the emirate, including special development zones and free zones, except for the Dubai International Financial Centre (DIFC).
“Approving the virtual asset law and establishing the Dubai Virtual Asset Regulatory Authority is a vital step that establishes the UAE’s position in this sector a step that aims to help the sector to grow and protect investors,”
Sheikh Mohammed bin Rashid had then said.
News Source: Gulf Business