A contract between NMKR and Newtek Holdings brings real-world assets into Web3

Leading blockchain technology company NMKR has teamed up with NewTek Holdings to integrate real world assets into Web3, starting with high-end real estate developments in Dubai.

Safi Qurashi, CEO of the recently founded NewTek, and Patrick Tobler, founder and CEO of NMKR, have agreed to develop a number of NFTs backed by commodities and real estate on the Cardano blockchain.

The two businesses think that by making the change, they will be at the forefront of technology deployment and public adoption.

The CEO and Founder of NMKR, Patrick Tobler, expressed his excitement about the partnership with NewTek. A crucial stage in our strategy will be to combine Safi’s network of well-established firms with his knowledge of how to implement new technologies into operational businesses will be a crucial step in our plan to move the NFT sector into commonplace and real-world use cases.

Following the recent signing of a strategic cooperation deal with Singapore-based asset managers, Stratez Capital, London-based NewTek is first concentrating on significant real estate projects in the Middle East, particularly Dubai.

By working together to develop real estate projects and commodity trading using blockchain and Web3 technology, NewTek hopes to make two of the largest asset classes accessible to the general public.

“I’m thrilled to be partnering with NMKR who are the ideal blockchain technology partners, with unmatched knowledge and know-how in Web3 and NFTs,” said Qurashi.

We want to combine genuine assets with real value into the future, which to conduct business. We needed reliable partners who concur with our ideas, values, and goals because we have a clear idea of what we want to create.

“What we have created and planned for Dubai will be the first in the region, in typical Dubai style, integrating real estate, hospitality, and investment prospects.”

Qurashi continued, “The staff at NMKR has proven that they can provide exactly what we need. The fact that what began as an idea five years ago is now becoming a reality greatly excites me.

“Our goal is to build genuine value and investment opportunities on the foundation of established business practices. Modern technology will be used as a tool to make investing simpler, more transparent, more reliable, and with the least amount of use.

“I think we need to adopt a fresh strategy for integrating the new technology at our disposal without sacrificing fundamental business principles.”