New NFT marketplace for Islamic art, culture and sports digital assets eyes end-2021 rollout
A new non-fungible token marketplace to list and sell Shariah-compliant digital assets plans to launch towards the end of this year, helping to diversify Islamic portfolios amid the increasing awareness of NFTs.
UK-based Funoon will be an NFT marketplace for Islamic art, culture and sports digital assets in different formats including image and video files, Shah Sheikh, the company’s CEO and co-founder told Salaam Gateway.
The assets on the platform will include artwork, memorabilia, audio and video NFTs, with a potential to even host feature-length films (crowdfunded/invested by the audience) longer term.
Funoon will hold limited edition audio content files, that either may be very exclusive--for example only 100 ever made and the content is not available anywhere else--or could confer the owner other associated rights. The same applies to the video medium.
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