- Firdaos is a pioneering marketplace for music and U.A.E real-estate NFTs
- Firdaos organises deal with Rarible, expanding the NFT marketplace for $FDO token holders
Dubai, U.A.E, 05 July, 2021. Firdaos expanded its use case this week by announcing that their native token $FDO, will officially enable its holders to bid on thousands of NFTs on Rarible. Rarible, the Moscow-based NFT (non-tangible token) platform is one of the most popular NFT marketplaces that has recently announced their partnership with NBA Top Shot creator, Dapper Labs to bring their platform to the Flow Blockchain. Rarible’s announcement will incentivize $FDO holders as the token now holds value in a transforming NFT marketplace that offers easier access for traditional consumers and brands.
Firdaos was launched in 2020 as an NFT marketplace, as a pioneering platform that offers investment opportunities in the UAE real estate sector and the music industry. Its users are able to trade digital collectibles using $FDO tokens and participate in decentralized crowdfunding. However, the latest announcement further positions $FDO as a versatile token (ERC20) enabling holders to bid on NFTs that are not limited to its platform. The founders have facilitated the opportunity to offer its investors a chance to wander into other genres of the NFT market. The announcement opens a plethora of opportunities for investors, from owning real estate and unreleased A-lister tracks, $FDO holders can also bid on the latest trending 140 NFTs that was launched on Rarible by Twitter.
“Exciting days are coming for all our followers and supporters, we’ve made a lot of progress in the negotiations with financial institutions and the Rarible announcement really puts us on the right track for mass adoption” - Sahil Arora, Founder and CEO of Firdaos.
Founded on the idea of removing the human element from traditional investment mechanisms, and replacing it with advanced blockchain technology, Firdaos is gradually gaining popularity in the UAE real estate sector by removing the need for third-party negotiators and replacing them with smart contracts that are bound to the properties. Sahil Arora, the founder of Firdaos and its parent company ZelaaPay is currently engaged with listing their native token, $ZPAE on the Bittrex Global Exchange. ZelaaPay will also be launching the Cryptocurrency POS terminals and debit cards throughout the UAE, thereby instilling confidence in both companies' stakeholders and showcasing the commitment to the promised deliverables.
Firdaos is a leading DeFi platform that serves as an NFT marketplace for UAE real estate developers and music industry professionals. The platform enables all token holders to become real estate investors by bridging the gap between real-world assets and crypto world assets, ensuring investors are able to maintain the liquidity of their assets. Firdaos is built on the Tron blockchain making it a TRC20 token that aims to empower users to participate in decentralized crowdfunding. For more information about Firdaos, visit: https://firdaos.com/
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.