Dubai is set to launch a Non-Fungible Tokens (NFT) artwork collection related to the horse-racing industry.
The project, led by the Dubai Racing Club (DRC), will offer online as well as real-life benefits for owners.
It will be rolled out during the upcoming racing season at the Meydan racecourse in November.
The latest initiative is in line with the Dubai government’s efforts to encourage the creation of digital assets that can add value to various sectors.
Earlier this week, the emirate unveiled a strategy that aims to increase the presence of blockchain and metaverse companies five-fold.
“Horse racing has always been an integral part of the DNA of Dubai, a city that is shaping a glorious future with foresight, innovation and excellence. We believe it is time for us to take the sport to a whole new level from a technological point of view. A first in the industry, the initiative that we will be launching in the upcoming season will be available to everyone,” said Sheikh Rashid bin Dalmook Al Maktoum, Chairman of DRC.
The collection will feature three categories – “Dubai Sprinters”, which will be released with both publicly available artwork as well as limited-honorary NFTs, followed by the “Hall of Fame” and the “DWC Runners”.
.@RacingDubai announces that it will launch a one-of-a-kind NFT artwork collection in the horse racing industry that offers online and real-life benefits for owners.https://t.co/qEdowNCDPr pic.twitter.com/rknNMumu9z
— Dubai Media Office (@DXBMediaOffice) July 21, 2022
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Shubman Gill and Dhruv Jurel pulled off a nervy chase as India beat England by five wickets in the fourth test on Monday to claim an unassailable 3-1 lead in the five-match series.
Chasing a modest 192 for victory, India cruised to 84 for no loss with openers Rohit Sharma (55) and Yashasvi Jaiswal (37) giving them a flying start.
The English spinners, led by Shoaib Bashir (3-79), then engineered a collapse that left India reeling at 120-5 on the penultimate day of the see-saw contest.
Gill (52) and Jurel (39) combined in an unbroken stand of 72 for the sixth wicket to inflict on England their first series defeat under captain Ben Stokes and head coach Brendon McCullum.
“It has been a very hard-fought series. To come on the right side after four tests feels really good,” home captain Rohit said afterwards.
“I am really proud. A lot of challenges have been thrown at us but we responded pretty well.”
Needing 152 runs on day four with all 10 wickets intact, Rohit and in-form opener Jaiswal looked at ease on a pitch where the odd ball kept low.
Rohit smacked James Anderson over mid-on for a six to signal his attacking intent and Jaiswal, the leading scorer of the series, hit off-spinner Bashir for back-to-back fours.
Joe Root broke the stand in his first over when Jaiswal tried to slice him and Anderson dived full length at short third man to grab the edge.
Rohit duly brought up his fifty but could not soldier on.
Hartley drew the opener out of the crease with a flighted delivery and Ben Foakes whipped off the bails to effect the stumping.
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The spinner turned the match on its head after the lunch break when he dismissed Ravindra Jadeja and Sarfaraz Khan with successive deliveries.
Gill and Jurel shored up India defying tremendous pressure. There was a 30-over stretch during which they could not hit a single boundary.
It was only when their victory was in sight that Gill smashed Bashir for two sixes in three balls.
Jurel, whose first innings 90 dragged India back into the contest, was adjudged player-of-the-match in his second test.
“I think it was a great test match,” England captain Stokes said.
“There were so many ebbs and flows, and I’ve got to give so much credit to our spinners Tom Hartley and Shoaib Bashir for how they performed not only today, but during the whole test match.”
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