Dubai Police are jumping on board the latest digital craze by releasing a free collection of 150 non-fungible tokens.
It is widely known as NFTs.The digital tokens represent objects such as art, music and video games and are bought and sold online — often at a huge price — typically using cryptocurrency.
Dubai Police’s offerings aim to highlight innovation, security and communication, though specific details of what form they will take have not been disclosed.
NFTs are unique assets that cannot be exchanged for another item. They are stored and verified using blockchain technology.
The value of an NFT is tied to the fact they tend to be a one-of-a-kind item, with such rarity driving up their worth.
