DUBAI // An agreement was signed on Monday between the Global Child Forum and the Dubai Foundation for Women and Children to strengthen cooperation on children’s rights.
The forum, an initiative of the Swedish royal family, was last week held for the first time outside Stockholm, in Dubai.
“This is a long-term agreement and it’s a sign saying we will work together and that we are here to stay,” said Henrik Holmquist, operations director of the GCF.
Afra Al Basti, director general of the foundation, said: “It’s a benefit for us because we will understand more about domestic violence, child abuse and human trafficking.”
This is only the third pact signed by the GCF. The others were with Unicef and the UN Committee on the Rights of the Child.
rtalwar@thenational.ae
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.
COMPANY%20PROFILE
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The specs: 2019 Mercedes-Benz C200 Coupe
Price, base: Dh201,153
Engine: 2.0-litre turbocharged four-cylinder
Transmission: Nine-speed automatic
Power: 204hp @ 5,800rpm
Torque: 300Nm @ 1,600rpm
Fuel economy, combined: 6.7L / 100km
