The Dubai Police Force is setting standards for other police forces to follow by embracing non-fungible tokens (NFTs).
The police force has announced that it will be airdropping 150 NFTs in what it calls “The First Dubai NFT Airdrop”. This is the first time any police force would feature an NFT collection.
According to the announcement, “each NFT carries a unique design and value for the future submerging technologies usages” and refers to three values, including “Innovation, Security and Communication.”
In the last 24 hours, bitcoin has been down by 1.4%, with a current price of $45,942.61 as of the time of writing this. Within 24 hours, bitcoin experienced a $45,834.52 low and $47,322.09 high. The trading volume of bitcoin in the last 24 hours is $24,915,974,891. The current market capitalization of bitcoin is $873,026,819,666. Currently, $19.00M bitcoins are in circulation.
Stats and Image from Coin Gecko
The NFT drop, which seems open to the general public and not only restricted to citizens of the UAE, will happen on a yet to be disclosed date.
However, those interested in the drop are expected to take two steps. First, they have to share the post with their friends and send a direct message containing their name, email, and NFT wallet address.
UAE has been taking steps toward laying the foundation for NFT adoption in the country. Last month, Emirate’s international financial centre and free zone, Abu Dhabi Global Market (ADGM), published a consultation paper that stated that it is open to NFT activities.
According to the paper, the Financial Services Regulatory Authority (FSRA) is open to NFT activities, including minting, buying, and trading. However, the NFT activities must not be classified as specific investments.