November 12, 2017
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The National's Dubai Airshow coverage:
In boon to Boeing, Emirates orders 40 Dreamliners worth $15.1 billion
Emirates unveils new first class suite for Boeing 777 fleet, signs up Jeremy Clarkson
What to look out for at the Dubai Airshow
Exclusive: Dubai South eyeing expansion of aviation district with future ‘Phase Two’
Boeing eyeing creation of new mid-sized aircraft on back of strong Middle East demand
Business Extra podcast: To the Dubai Airshow and beyond
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Range: Up to 610km
Power: 905hp
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Price: From Dh439,000
Available: Now
Date started: 2015
Founder: John Tsioris and Ioanna Angelidaki
Based: Dubai
Sector: Online grocery delivery
Staff: 200
Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends
The Kingfisher Secret
Anonymous, Penguin Books
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5