Press Release
PRESS RELEASE. UAE – DUBAI, 14 April 2022:Al Sheikh Stud, renowned as a leading producer of Arabian thoroughbred horses, embarks on an ambitious journey to satisfy the rising demand for NFTs. Atria Holdings, Finvault, and the Stud farm are teaming up to bring the best purebred Arabian Horses into the Stud farm for the new digitized value.
Finvault (a Web3-based banking platform) and Atria Holdings (investors in innovative solutions), have joined forces to establish a market for NFTs for Arabian horses. This strategic alliance will be closely involved in the development of high-value NFTs to purebred Arabian horses from Al Sheikh Stud. Arabian horses are one of the best breeds in the world, due to their unique head shape and high carriage. They are coveted by artists and other prestigious people, apart from race lovers, breeders and clients. To complement these unique investments opportunities, the NFTs were created.
Mohamad Al Sheikh (the founder of Al Sheikh Stud) spoke about Al Sheikh Stud’s new venture. ”While the beauty of purebred Arabian horses is admired worldwide, the digital currency revolution demands an investment option of another kind. The NFT for Arabian Horses is being piloted in this region. We hope our valued clients are as enthusiastic as we about the new venture. Apart from developing and securing the NFTs, we will also be collaborating with leading regional events to reach our valued customers.”
The NFTs, which are expected to become the world’s first digital currency for horse trading, will allow investors to purchase purebred Arabian horses. NFTs will now be available on digital scale to allow for more advanced uses such as breeding and simulation, or gaming. Finvault reserves the right to limit or reserve the NFTs’ use based on their valuation.
Punit Thakker, CEO of Finvault, shared details about the partnership., “Finvault is delighted to be the creator in this venture with Atria Holdings as a technology partner. To create and build this NFT marketplace for Mohammad Al Sheikh’s legendary thoroughbred Arabian horses is a unique opportunity and one we are very excited about. Dubai is on a fast track to be the global leader in virtual asset regulation, having recently passed its first crypto law. Finvault has a mission: to encourage widespread adoption worldwide of blockchain. This is a highly-publicized project and we are delighted to have been part of it. The Arabian horse NFTs are just the beginning and we look forward to a long and successful partnership.”
NFTs should be ready for purchase by digital currency users around the globe at End August.
Al Sheikh Stud
The Al Sheikh Stud is the home of legendary Arabian thoroughbred horses. It’s located in central Belgium and has an office in Dubai. It was established in 2016 by Mohammed Al Sheikh and has a good reputation for raising and breeding the finest Arabian thoroughbreds. With its highly qualified and experienced staff as well as world-class facilities it is an excellent environment to breed, foaling, wean, as well as train the horses for international championships. Some of its star performers like Equator, Serenza, and Al Gamra have held the stud’s flag flying high in the international arena of the Arabian Horse World Championship. Also it’s worth mentioning that Al Sheikh Stud’s Junior COLT, D-Mezyan won Gold at the World Arabian Horse Championship 2021. These 40ThEdition of the International Championship was held in Paris, France at Salon de Cheval.
Atria Holdings
Atria Holdings, a UK-based investment firm, is the parent of several businesses and startups, including Al Sheikh Real Estate and Al Sheikh Stud. Mohammed Al Sheikh Suliman created the legal entity in 2020 to handle all of his businesses. This brand has stakes and investments in innovative businesses around the globe and is dedicated to empowering innovation. It also strives for social impact by inspiring ideas and going the extra mile.
Finvault
Finvault offers Web3 banking platforms that give individuals and businesses complete control over all their assets and money. It is located in a secure vault. They are bridging the gap between Traditional Finance and Decentralised Finance (DeFi) to create ‘Banking 3.0’ and draw a line between conventional banking and DeFi.
www.finvault.com
Media inquiries and point of contact:
Rebecca Reid
Finvault Marketing Head
Media inquiries and point of contact:
Lina Husri
PR by Atria Holdings
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