NFT

14 Feb 22

Designing a Shariah-compliant Metaverse

Defining the Metaverse Metaverse is a combination of the prefix “meta”, meaning beyond, and “universe”. A simple way to appreciate ‘the Metaverse’ is simply to think cyberspace or virtual worlds. It is being argued as the next big disruptive wave in current technology and internet experience. And as such, it is a leap in the […]
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29 Jan 22

Shariah Principles of Royalties in NFTs

Introduction to Royalties Royalties are payments to owners of property for use of that property. Royalties often deal with payments for the right to use intellectual property (IP), such as copyrights, patents, and trademarks. Royalties appear in many different industries, but they serve a similar purpose in all uses. These royalties are granted by agreement, and […]
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17 Jan 22

The Anatomy of NFTs from a Shariah Perspective

Introduction to NFTs NFT is short for Non-Fungible Tokens. An NFT is a secure, blockchain-based certificate that represents an entitlement its owner has to a (usually) digital or physical asset (e.g. artwork) or licence and permit for something[1]. NFTs are indivisible and can store significant amounts of data, including unique information, which is what makes […]
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04 Mar 21

NFTs: Shariah Compliant?

What are NFTs?  One of latest hypes in the crypto-space is Non-Fungible Tokens (NFTs). NFTs are described as a special type of token that represents a unique asset. The term fungible means something that can be replaced by something similar. It is a type of token that can’t be replaced by another similar token as […]
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