The UAE reported 392 new Covid-19 cases on Wednesday, as daily cases remained below 500 for the fourth day in a row.
No coronavirus-related deaths were confirmed in the past 24 hours. Only one fatality has been recorded so far this month.
Another 1,392 people beat the virus during the daily reporting period.
The UAE has recorded 883,985 cases, 846,805 recoveries and 2,302 deaths to date.
The latest cases were detected as a result of an additional 377,585 PCR tests.
More than 141 million tests have been conducted nationwide.
Daily cases have dropped significantly in recent weeks, having topped 3,000 in January.
The UAE has eased some safety restrictions as part of a cautious recovery strategy, including lifting border controls on entry to Abu Dhabi from other emirates and making the wearing of masks in outdoor places optional.
Pupils in Abu Dhabi are now allowed to remove their face masks during playtime outdoors, as part of major changes to Covid-19 restrictions at private schools in the emirate.
The move, which will be welcomed by many parents, comes days after education regulators in the capital confirmed quarantine for close contacts was being scrapped in schools.
Previously, face masks were mandatory in all areas and close contacts were transferred to distance learning for 10 days.
Similar rules were introduced by private schools in Dubai last week.
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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.
