Blockchain leader NMKR & NewTek to bring Dubai real estate into Web3

By Arya M Nair, Intern Reporter
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Leading blockchain technology provider NMKR has partnered with NewTek Holdings to bring real-life assets into Web3, beginning with prime Dubai real estate projects.

Mr. Patrick Tobler, Founder and CEO of NMKR, and Mr. Safi Qurashi, CEO of NewTek, have signed an agreement to launch a host of NFTs backed by commodities and real estate on the Cardano blockchain. The move will put both parties at the forefront of technology implementation towards mass adoption.

London-based NewTek is initially focusing on major real estate projects in the Middle East, particularly Dubai, after recently entering into a strategic partnership agreement with Singapore-based asset managers, Stratez Capital. NewTek, with its new partners, aims to open two of the biggest asset classes to the masses, by jointly developing real estate projects and commodity trading utilizing blockchain and Web3 technology.

Safi Qurashi
Safi Qurashi
CEO – NewTek

“I’m delighted to be joining hands with NMKR who are the perfect blockchain technology partners, with unrivaled expertise and knowhow in Web3 and NFTs. We are looking to merge real-life assets with real value into what I believe is the future of doing business. We have a clear vision of what we want to build, and we needed strong partners who share our beliefs, values and objectives. What we have designed and planned for Dubai, combining real estate, hospitality and investment opportunities will, in true Dubai style, be the first in the region.”

“We are thrilled to be partnering with NewTek. Combining Safi’s network of well-established enterprises, and his expertise in the adoption of new technologies into up-and-running businesses, will be a key step in our strategy to shift the NFT market towards real-world and everyday use cases,” said Mr. Tobler.

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