Non-fungible tokens (NFTs) are a new medium of artistic expression that gives artists the freedom and the ability to reach a diverse audience, Saudi Princess Reem Al Faisal has said.
According to the Saudi Arabian princess, Reem Al Faisal, NFTs are a natural evolution of art that gives artists the freedom to reach different races, cultures and places. Al Faisal also asserts that NFTs have done what decentralized finance (defi) has done to finance — they have “decentralized art.”
The Saudi princess’ comments about artists’ adoption or growing use of NFTs follow recent reports that she had launched her first NFT as well as the first virtual exposition of Saudi NFTs. Also, prior to launching the NFTs, Al Faisal, a photographer for more than 30 years, had sold her works on the NFT marketplace, Opensea.
Remarking on the reaction to her own NFT launch, the Saudi princess said she is surprised that people still fail to see NFTs as a new way of exhibiting art. She said:
People make a lot of fuss about it [NFTs] but I don’t understand why they are so shocked that people go into NFTs, specifically artists and specifically photographers. It’s the next medium of artistic expression.
Yet, in spite of their role in empowering artists, NFTs have been targeted by critics who insist the tokens are being used to launder money. A British security and defence think tank, Royal United Services Institute (RUSI), appeared to be back the claims when it warned that NFTs could be used to bolster money laundering schemes.
However, in her comments during an exclusive interview with Bitcoin.com News, an unfazed Al Faisal said she will continue to keep abreast with the changing trends.
“It’s that world of the blockchain, the metaverse and I want my work to be exhibited on that world,” Al Faisal explained.
An Important Evolution in Finance
Besides endorsing NFTs, the 56-year-old princess Al Faisal also told Bitcoin.com News that she has “always been fascinated by the blockchain” which she says is now part of everyday life in Saudi Arabia. She said her IT company, Dar Al Saaed already deals with blockchain. Besides the blockchain, Al Faisal said she is also fascinated by cryptocurrencies and bitcoin which she called “the most amazing technology.”
Turning to the use of cryptocurrencies in Saudi Arabia, Al Faisal acknowledges that the kingdom, unlike some of its fellow Gulf Cooperation Council (GCC) countries, has not formally adopted these just yet. However, she predicts that the Saudi government “will probably regulate cryptocurrency and allow free use of that tech because it has shown itself to be an important evolution in finance.”
Al Faisal also shared another reason why some in Saudi Arabia are confident that the kingdom, which previously said cryptocurrencies are illegal, will eventually allow the free use of cryptos. She said:
“Saudi Arabia has always adopted the most advanced thing it can find. It has adopted anything new and since cryptocurrencies are still new there is an expectation that these too will be adopted.”
What are your thoughts on this story? Tell us what you think in the comments section below.
Check live crypto rates here
Start trading today – See our list of exchanges
Simply wish to say your article is as astonishing. The clarity to your put up is just cool and i can assume you are a professional in this subject. Fine together with your permission allow me to seize your RSS feed to stay updated with approaching post. Thank you one million and please continue the enjoyable work.
What i do not realize is if truth be told how you’re no longer actually a lot more smartly-favored than you may be now. You are very intelligent. You know thus significantly when it comes to this topic, made me personally imagine it from numerous numerous angles. Its like women and men aren’t interested until it¦s something to do with Woman gaga! Your own stuffs excellent. At all times deal with it up!
catapres 0.1 mg drug buy minocin 100mg without prescription tiotropium bromide order online
cost buspar 10mg order cordarone 200mg pill buy generic ditropan
order hytrin 1mg online cheap arava 10mg over the counter order sulfasalazine
Thankyou for this post, I am a big fan of this website would like to go along updated.
I truly enjoy looking at on this site, it contains great blog posts.
I know this if off topic but I’m looking into starting my own blog and was curious what all is required to get set up? I’m assuming having a blog like yours would cost a pretty penny? I’m not very web savvy so I’m not 100 positive. Any suggestions or advice would be greatly appreciated. Cheers
Glad to be one of the visitors on this amazing web site : D.
Thank you for all of your hard work on this website. Gloria enjoys going through investigation and it’s easy to see why. Many of us know all concerning the powerful tactic you convey very helpful tips and tricks on your web blog and even attract contribution from website visitors on the concern plus our favorite simple princess is actually becoming educated a great deal. Enjoy the remaining portion of the year. You are conducting a splendid job.
Real fantastic information can be found on site. “Wealth may be an ancient thing, for it means power, it means leisure, it means liberty.” by James Russell Lowell.
Very nice post. I just stumbled upon your blog and wanted to say that I have really enjoyed surfing around your blog posts. After all I will be subscribing to your feed and I hope you write again very soon!
Hello! I’ve been reading your weblog for a long time now and finally got the bravery to go ahead and give you a shout out from Houston Tx! Just wanted to tell you keep up the good work!