Radio Bahrain pioneers the radio industry NFT regionally and is among the first globally.
Radio Bahrain 96.5 has released its first limited edition NFT created by the Bahraini NFT artist Leena Al Ayoobi.
Radio Bahrain’s NFT was launched at the recently held NFT MENA EXHIBIT 2022 held at The Ritz-Carlton, Bahrain. Radio Bahrain was a strategic partner of the event which received over 300% more visitors than anticipated. Over 450 exhibition visitors picked up the complimentary Radio Bahrain NFT at the event.
Radio Bahrain is a regional pioneer and one of the very first globally in the radio industry to take the initiative to create their own NFT, Radio Bahrain Company’s CEO said. This is part of the station’s digital strategy to bolster their presence in the future and in the digital world.
NFT based concerts, events, and shows are some of the ideas the station has in mind for the future, he added.
An NFT, or non-fungible token, is a digital asset that marks ownership of digital products that exist online, such as art or music. It allows its owner to legitimately claim complete ownership of the original copy of a digital file in the same way one might own the original copy of a piece of physical art. It is built on blockchain technology, similar to cryptocurrencies, however, unlike cryptocurrencies, each NFT is unique and is a one-of-a-kind edition or part of a limited set, and can be used as a digital proof of ownership or certificate of authenticity.
NFT MENA EXHIBIT 2022 consisted of an NFT art gallery where 30 international and 85 regional and local artists showcased their NFT art. In addition, NFT art, marketplace and investment specialists shared their expertise in various workshops, panel discussions, and Q & A sessions about the world of NFTs.
Three international NFT marketplaces were present at the event: NFT BAZL, Galler and Prism. Other partners included Bahrain EDB, Benefit, RAK Art Foundation, Dar Alfann, Tamkeen, NFT BAZL, Binance, The Ritz-Carlton Bahrain, Ancore Strategy, MBC Group, Nalikes Studio, DAMG, Meta Yachts, Gulf Falcon Business Solutions and Trust Wallet.