The blockchain boom has taken the internet by storm in the past few months, and has triggered a surge of innovative ideas to cash in on the demand for digital assets. Apart from facilitating cross-border online transactions, crypto cash has become a bankable investment option due to its free-flowing nature and significantly lower scope for counterfeiting.

The option to convert real-world assets into virtual products by registering them on blockchains, has encouraged artists and content creators to offer their work to online collectors. Driven by the vision to benefit from a similar trend gaining ground in the Emirati real-estate space, a Dubai-based firm has launched a tokenisation platform for properties.

Aqarchain's new service will use global blockchain Tezos for registering assets in the city, so that they become accessible as digital tokens. Once that's done, investors from any part of the world can own a small share in Dubai's thriving real estate, by buying crypto tokens even for a limited amount.

Even before the buyers decide to cash in on the virtual asset by selling it, they can continue to receive a part of the rent from the property which had been tokenised. In addition to opening doors for regular returns and secure investments for netizens, the platform will also act as a window for crowdfunding to benefit regional developers.

The backing by established blockchain Tezos only adds to the trust factor, considering its reputation for facilitating the creation of encrypted smart contracts. Tezos also has its own cryptocurrency called Tez, which can be used by investors for secure transactions.

Using the blockchain can also be profitable at a time when bigwigs like Elon Musk have called for eco-friendly mining, since Tezos is known for being energy efficient.

As for Aqarchain, the firm even allows netizens to stake decentralised financial assets, for earning rewards based on rise in their valuation.

Other than this, the Emirates has recently witnessed launch of an agency that uses blockchain to promote Islamic art and regional talent.