If it’s time to spruce up your fitness wardrobe, don’t throw out your old gear just yet. Instead, donate them to the Pre-Loved Yogawear initiative.
The campaign is by Elaine Kelly, the founder of Yogafest ME, to encourage recycling fitness apparel and gear and reduce waste.
Several local apparel stores that have teamed up for the cause will have boxes at their locations where customers can leave their fitness apparel, bags and yoga mats. The items will be inspected to ensure they are in good condition and then sold for Dh25 at the Yogafest events throughout the year. All the proceeds are given to a charity supported by the organisers.
Donations can be made at Inspire Yoga Fitness and Pilates, Urban Yoga Dubai and 136.1 Yoga Studio. Activewear boutique yApparel will also give customers who donate their old fitness apparel a 10 per cent voucher to be used at the store for purchases.
For details, email hello@yogafest.me.
aahmed@thenational.ae
La Mer lowdown
La Mer beach is open from 10am until midnight, daily, and is located in Jumeirah 1, well after Kite Beach. Some restaurants, like Cupagahwa, are open from 8am for breakfast; most others start at noon. At the time of writing, we noticed that signs for Vicolo, an Italian eatery, and Kaftan, a Turkish restaurant, indicated that these two restaurants will be open soon, most likely this month. Parking is available, as well as a Dh100 all-day valet option or a Dh50 valet service if you’re just stopping by for a few hours.
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
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What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
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