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Legendary boxer and sports icon Floyd Mayweather Jr released his first ever NFT collection which is officially available on Rarible . The drop includes digital collectibles celebrating the legacy of Mayweather Jr.’s life and career, including animations, physical artwork, and access to both his virtual and in-person meet and greets. Certain non-fungible tokens are also associated with physical prints in addition to being logged forever on the blockchain. The final, single, limited edition auction piece can include private boxing lessons and dinner with Mayweather Jr, in addition to a custom diamond ring. According to CoinGape.com , Mayweather has given two NFT’s that will give a visual representation of his glittery career. Nicknamed ‘Headlines’, it has been designed by reputed artists OYLE with BEYOND as the Producer. Here’s everything you need to know about the Floyd Mayweather NFT. Non-fungible tokens have allowed artists, celebrities, and various people to stock and monetize their artworks. It has turned them self-dependent, without making the artists wait for exhibitions to showcase or sell their work. Hence, Mayweather’s own collection will allow the fans to trade directly with the five-division world champion. Floyd has already launched his won NFT website, which would disseminate more about the program. ‘The Legacy’ Auction is already live on the website along with ‘All Work is Easy Work’ in the process. In other NFT related news, check out our interview with Crypto and NFT expert Gabe Rozsak, who talked about The rising NFT industry and how to monetize it. https://www.visionary-mag.com/post/an-introduction-into-the-rising-nft-market-and-how-to-navigate-through-it-with-gabe-roszak Follow us on: Instagram Facebook YouTube Make sure to share this post and subscribe to our newsletter to receive notifications on our latest posts, as well as exclusive content and much more!

When you look at the Forbes billionaire list, the men at the top made most of their money in tech, then you Bernard Arnault at number 3 with a net-worth of around 170 Billion dollars. Dior, Louis Vuitton, Givenchy, Moët-Hennessy, Bulgari and Sephora are all owned by one man: Bernard Arnault aka "The Wolf In Cashmere.". His company LVMH owns 75 different brands across 6 different sectors. LVMH generates close to $1Bn per week and close to $50Bn per year in revenue. His 41% stake in the $330Bn company makes him one of the richest men in the world. The Wolf in Cashmere mints around $1.1 million every hour or 19,000 every minute. That means that by the time you are done reading this article, he would have made around $38,000. Arnault graduated from the École Polytechnique in Paris with a degree in engineering. In 1971 he took control of his father’s construction firm Ferret-Savinel. Eight years later he changed the company’s name to Férinel Inc. and shifted its focus to real estate. With $15 million of his own money, Arnault, together with Antoine Bernheim, a managing partner of the French bank Lazard Frères and Co., raised the $80 million necessary to purchase Boussac Saint-Frères, a bankrupt textile company that owned the fashion house of Christian Dior. Then, in 1987, Arnault was invited to invest in LVMH by the company’s chairman, Henri Racamier. Investing through a joint venture with Guinness PLC, Arnault ousted Racamier in 1990 and started to sweep a slew of fashion companies into the LVMH fold: Christian Lacroix, Givenchy, and Kenzo; the leather goods companies Loewe, Céline, and Berluti; the jeweler Fred Joailler; the DFS group (the world’s biggest duty-free chain); and the beauty retailer Sephora. Arnault continued to acquire luxury brands, including the Italian company Fendi (2003), the iconic French department store La Samaritaine (2010), Italian jewelry brand Bulgari (2011), and the classic American jeweler Tiffany & Co. (2021). He also built the Fondation Louis Vuitton (2014), a contemporary art museum in the Bois de Boulogne, Paris, designed by Canadian American architect Frank Gehry. In 2007 Arnault was named Commander of the Legion of Honour, one of France’s highest distinctions. (A breakdown of LVMH's ownership.) Follow us on: Instagram Facebook YouTube Make sure to share this post and subscribe to our newsletter to receive notifications on our latest posts, as well as exclusive content and much more!

On Sunday Ferrari stepped up a gear to make its debut on a circuit so fast-moving and cutthroat it makes F1 look restrained: the fashion circuit. The iconic super-car maker rolled out its first in-house fashion co llection, offering fans of the Ferrari brand and its super-cars a touch of "couture" within a contemporary clothing range. The launch marks a major step in Ferrari's new brand strategy, one of its biggest investments outside the car business, which the company wants to account for around 10% of the profits in 7 to 10 years. Ferrari's plans to extend its brand to also include a new restaurant in hometown Maranello in northern Italy with Michelin-starred chef Massimo Bottura. The collection, designed by creative director and former Armani designer Rocco Iannone, were was exhibited at the Ferrari plant in Maranello, with a catwalk set up on the assembly line for the "Prancing Horse" V12 sports cars, such as the new 812 Competizione. "We want to attract young people and women," Iannone said. "Our targets are not just those who buy a Ferrari but also those who have awareness of the brand and of its values," he said. Furthermore, as this collection was launched, Ferrari simultaneously debuted a serene, terra-cotta-clad retail concept overseen by Simon Mitchell of London’s Sybarite, and reopened Cavallino, the Maranello restaurant that was originally Ferrari’s staff canteen, under the directorship of Modena-based superchef Massimo Bottura and the Paris-based architect India Mahdavi. As Ferrari’s chief brand diversification officer Nicola Boari said, the aim is “to build a bridge to a wider audience.” Even on its home turf, Ferrari is embracing change: It will launch an SUV this year, before debuting its first all-electric vehicle in 2025. Fashion-wise, Iannone’s decision to size his collection from XXXS to XXXL was another indication that Ferrari is attempting to alter the aerodynamics of its perception in order to broaden its appeal and adapt to changing, 21st-century tastes. Would you buy clothes from Ferrari? Let us know in the comments. In other fashion related posts, check out our article "The King Of Luxury" a breakdown of LVMH CEO , Bernard Arnault 's ownership in the luxury business. Follow us on: Instagram Facebook YouTube Make sure to share this post and subscribe to our newsletter to receive notifications on our latest posts, as well as exclusive content and much more!

The Saudi Ministry of Sport has launched 'Nafes', a new online licensing platform to encourage investors from around the world to take full ownership of clubs, academies and centers across 27 sport disciplines in the country. Saudi Arabia will open ownership of its sports clubs, academies and centres for the first time to foreign investors, in what was described on Monday as “a turning point for the kingdom’s sports sector”. The Saudi Ministry of Sport has launched 'Nafes', a new online licensing platform to encourage investors from around the world to take full ownership of clubs, academies and centres across 27 sport disciplines in the country. The initiative is designed for attracting private investment to help increase the number of entities, enhance competition of athletes, and strengthen the impact on the overall economy. Historically, the Saudi sports industry has been reliant on government funds and support to operate. The sports being offered for ownership through Nafes include football, basketball, swimming, equestrian, tennis, cycling, combat sports and electronic sports. In a statement on Monday, Prince Abdulaziz bin Turki Al Faisal, the Minister of Sports, said: “We are inviting the world to partner with us on our journey of sporting transformation. Our country’s incredible passion for sport is well known and, as more get active and take up sport, the economic opportunity is exciting. “Sport is an integral component of our kingdom’s transformative Vision 2030, and we would not have achieved these massive strides if it were not for the unconditional support by our kingdom’s leadership. Nafes is our invitation to overseas partners to drive our sporting investment to the next level and to collaborate across our sports clubs, academies and centers. It is a turning point for the kingdom’s sports sector. Our message to investors and the private sector both in Saudi Arabia and across the globe is direct and clear: establish your clubs, compete and draw the future path of Saudi sports investment.” The launch of Nafes falls under Saudi’s 'Quality of Life' sports program, a component of the Vision 2030 drive to diversify its economy. The statement released on Monday said the country’s sports economy has grown 174 per cent in the past three years, with its contribution to GDP increasing by 22 per cent. Together with the push to increase participation levels among its population – the kingdom experienced a 37 per cent rise between 2015-2019 – Saudi has become a major player on the international sports scene. In the past three years, it has hosted international football, European Tour golf, tennis, world championship boxing and elite-level motorsport. Later this year, the kingdom will stage the inaugural Saudi Arabian Formula One Grand Prix. Running December 3-5, it represents the penultimate race on the F1 calendar, with Abu Dhabi retaining its slot as the season finale. On Nafes, Prince Abdulaziz added: “This was an organic development that falls in line with our efforts to position Saudi at the forefront of the sporting world globally and that is a crucial part in Saudi Vision 2030. "As our sporting ambitions continue, we seek to collaborate with partners and strike a healthy balance between public and private sector investment.” Follow us on: Instagram Facebook YouTube Make sure to share this post and subscribe to our newsletter to receive notifications on our latest posts, as well as exclusive content and much more!

Have you ever had a carton of Oatly? The plant-based Swedish milk company had an IPO this week. Jay Z and Oprah both invested in the company mid-2020 and received small minority stakes in the brand when it was valued at $2Bn. This week Oatly has been valued at $10-12Bn, giving them both a 6x return on their initial investment in just 10 months. Oatly was started by brothers Rickard and Bjorn Oste. Using technology based on research from Sweden’s Lund University, the company turns fiber-rich oats into liquid food. Oat milk, which was essentially non-existent in the US before Oatly’s entrance, saw a 151 per cent jump in sales in dollar terms at retail outlets during the 52-week period ended March 13, according to NielsenIQ. The drink’s popularity has led to supply shortages in the US following a delay related to the coronavirus pandemic in the construction of a production facility, Bloomberg News reported last month. Starbucks, which expanded the sale of Oatly products across its 15,000 US cafes on March 2, has said it’s dealing with temporary stock issues. Oatly is an exclusive oat milk provider to Starbucks in the US and China. The company’s investors included Chinese conglomerate China Resources, Belgium-based private equity firm Verlinvest and Blackstone Group, among others, according to its filing. Morgan Stanley, JPMorgan Chase and Credit Suisse are leading the offering. Oatly plans to list its shares on Nasdaq Global Select Market under the symbol OTLY. Follow us on: Instagram Facebook YouTube Make sure to share this post and subscribe to our newsletter to receive notifications on our latest posts, as well as exclusive content and much more!

Hazen.ai is a Saudi startup focusing on artificial intelligence based traffic analytics and monitoring solutions. Launched in 2017 by Sohaib Khan, Saleh Basalamah, Anas Basalamah and Muhammad Amin, the stratup company harnesses artificial intelligence to create intelligent traffic systems that aim toimprove road safety. As the second investment since 2019 from Wa'ed, the news comes hot on the heels of Hazen.ai's traffic management systems nabbing the 2020 Global Road Achievement Award 2020 from the International Road federation. Combining AI with machine learning and computer vision tech, its software spots and reports negative driving behaviour, allowing law enforcement to spot offenders quicker and more efficiently. Already boasting a presence outside of MENA in the UK, US, Spain and Peru, Saudi startup, Hazen.ai, has its eyes firmly set on more global expansion following a new investment from Wa'ed Ventures, the entrepreneurship arm of oil and gas giant, Aramco. While the cross-section of road safety and technology has traditionally revolved around traffic-monitoring speed cameras, Hazen.ai's video analysis software goes one step further and can spot everything from sudden lane changes, to drivers not wearing seatbelts or using phones. In addition to the markets in which their offerings are currently used, the startup’s software is also used regionally in Egypt and Oman, and there could be more in the pipeline, with bids on projects in Argentina and Nigeria currently in process, as well as bids on additional projects in Saudi Arabia and Egypt. For the founding team, the recent award, the spate of potential new projects and this new investment positions Hazen.ai perfectly for further global expansion. “This second round of financing from Wa’ed will enable Hazen.ai to bring its life-saving technology to more regions around the world,” said co-founder, Sohaib Khan, who also serves as Hazen.ai’s Chief Executive. “As a Saudi startup, we are grateful for the continued support from Aramco's entrepreneurship arm, which is helping bring Saudi solutions like Hazen.ai’s to a global audience." Follow us on: Instagram Facebook YouTube Make sure to share this post and subscribe to our newsletter to receive notifications on our latest posts, as well as exclusive content and much more!

8-10 years ago Conor McGregor was living off $235 weekly welfare cheques. Today he is one of the highest paid athletes in the world. McGregor used his last welfare cheque to pay for a flight to Sweden to make his UFC debut. Since then, his career has skyrocketed in and out the ring. He made $180m last year with the bulk of his earnings coming from a sale of a majority stake in his own whiskey company Proper 12. In a video with Cristiano Ronaldo in 2016, the UFC superstar said he aims to be a billionaire by 35. Will Connor Mcgreggor be the next Billionaire athlete? Let us know what you think in the comment section down below. (Via The Numbers Game Instagram page) Follow us on: Instagram Facebook YouTube Make sure to share this post and subscribe to our newsletter to receive notifications on our latest posts, as well as exclusive content and much more!

’Beeple’ also known as Mike Winkelmann is now commonly known for selling the richest piece of digital art (NFT) in history. But for 13 years (2007-2020) the most he ever got for an art piece was $100. In March 2021 he made history selling a digital art piece for $69.3m. The NFT was named ‘5000 Days’ a collection of artwork he created everyday for 5000 days since 2007. The record-smashing NFT sale comes after months of increasingly valuable auctions. In October, Winkelmann sold his first series of NFTs, with a pair going for $66,666.66 each. In December, he sold a series of works for $3.5 million total. And in February, one of the NFTs that originally sold for $66,666.66 was resold for $6.6 million. NFTs, or non-fungible tokens, are unique files that live on a blockchain and are able to verify ownership of a work of digital art. Buyers typically get limited rights to display the digital artwork they represent, but in many ways, they’re just buying bragging rights and an asset they may be able to resell later. The technology has absolutely exploded over the past few weeks — and Winkelmann, more than anyone else, has been at the forefront of its rapid rise. (Via The Numbers Game Instagram page) In other NFT related news, check out our interview with Crypto and NFT expert Gabe Rozsak, who talked about The rising NFT industry and how to monetize it. https://www.visionary-mag.com/post/an-introduction-into-the-rising-nft-market-and-how-to-navigate-through-it-with-gabe-roszak Follow us on: Instagram Facebook YouTube Make sure to share this post and subscribe to our newsletter to receive notifications on our latest posts, as well as exclusive content and much more!

Global investment platform, Techstars, and Saudi Arabia’s Ministry of Communications and Information Technology have partnered up to launch the all-new Riyadh Techstars Accelerator. The accelerator will work with startups and entrepreneurs to help build and grow their business in the MENA region, underlining Techstar’s mission to make innovation and entrepreneurship more accessible. “Technology and innovation-based entrepreneurship is a key enabler to driving the achievement of Vision 2030, our nation’s blueprint for social transformation and economic diversification. We have a young population, 70% of whom are youth. These are our digital natives and we want to leverage their energy and curiosity to leapfrog with innovation,” said Dr. Ahmed Altheneyan, Deputy Minister for Future Skills and Digital Entrepreneurship. “The ministry and Techstars will come together to scale the impact of their combined resources and capabilities to truly accelerate digital entrepreneurship across the Kingdom, where we are already witnessing the growth of a vibrant venture capital investment community, rapid technology adoption, and how digital transformation is allowing companies to re-imagine themselves to become more competitive.” Although this will be Techstars’ first accelerator in Saudi Arabia, the organization has been active in the region for years through more than 700 Techstars Startup Weekend events, the Techstars Dubai Accelerator and the Techstars Hub71 Accelerator in Abu Dhabi. The Saudi Arabian accelerator comes after an earlier partnership between the Ministry and Techstars in July 2020 with the Techstars Startup Weekend COVID-19 KSA. More than 550 Saudi entrepreneurs attended virtual panels, networking events and workshops to discuss and address challenges brought on by the pandemic. “With entrepreneurship on the rise in Saudi Arabia, and the unwavering community commitment to developing a strong startup ecosystem in the region, putting down roots in Riyadh is something we’ve been looking forward to,” said Gagan Bhatia, Techstars General Manager. “We’re excited to work with MCIT to drive innovation in the Kingdom, supporting entrepreneurs and helping them advance their ideas and businesses in the region. At Techstars, we believe that great ideas can come from anywhere. We look forward to making entrepreneurship more accessible and bringing more opportunities to more entrepreneurs in MENA through this partnership.” The accelerator will begin to accept applications for their 13-week programme on May 10, 2021. The programme will take place from November 2021 through February 2022. A Techstars Managing Director will lead the accelerator with support from a Techstars programme manager, along with leadership and mentors from MCIT. Participants in the programme will receive funding, hands-on mentorship, access to curated workshops and resources, and life-long access to the Techstars global network. Follow us on: Instagram Facebook YouTube Make sure to share this post and subscribe to our newsletter to receive notifications on our latest posts, as well as exclusive content and much more!

Steven Spielberg director of Jaws, Jurassic Park, Indiana Jones and more isn’t a billionaire from his movies, but from a theme park deal with Universal Studios in the 80s. His lawyer realized that many of his movies were being turned into rides at theme parks. So they negotiated a contract where he would earn 2% of revenue from all tickets and concessions sold at Universal theme parks. The deal earns him $50m a year and has a buy-out clause of over $1Bn. Forbes claims that Spielberg is worth $3.6 billion, while some sources claim this figure could be as high as $6.18 billion. Follow us on: Instagram Facebook YouTube Make sure to share this post and subscribe to our newsletter to receive notifications on our latest posts, as well as exclusive content and much more!

Saudi fintech platform, Tweeq, has successfully completed an undisclosed seven-figure investment in a round co-led by the MENA region's largest technology venture capital (VC), STV Ventures, alongside early-stage VC Raed Ventures. Founded as recently as the first half of 2020 by a team of industry experts in banking and tech, Tweeq helps users open spending accounts within seconds through a simplified service in its mobile app. The app also offers the ability to receive and make payments, set monthly budgets and long-term financial targets, and monitor and manage personal spending habits. Saeed Albuhairi, Co-Founder and CEO at Tweeq, spoke of Tweeq’s disruptive spirit, ”Tweeq is aiming to provide an unparalleled customer experience and a better modern alternative to the traditional banking account.” He outlined the challenges and steps it is embarking on, saying “we are working hard to obtain the necessary licenses and approvals to conduct our business under the Saudi Central Bank (SAMA)’s supervision to achieve the Kingdom's ambition of developing a diversified and effective financial sector.” The new capital will be used by the firm to enhance product development through its yet-to-be launched app and scale regional expansion, as it seeks to realize its wider vision of transforming banking through digital transformation. Follow us on: Instagram Facebook YouTube Make sure to share this post and subscribe to our newsletter to receive notifications on our latest posts, as well as exclusive content and much more!

Dubai-based buy now, pay later platform, Tabby, has raised $50 million in debt financing funds from San Francisco-based Partners for Growth, marking a milestone of the largest debt facility funds raised by a fintech company in the MENA region. Founded in 2019, Tabby provides interest-free buy now, pay later services in the UAE and Saudi Arabia, partnering with retailers to enable their customer base to defer purchase payments for up to 30 days, or to pay in four equal installments in both online or in-store transactions. The new financing will be channeled towards funding customer purchases, where Partners for Growth’s investment will allow Tabby to expand its lending capacity and, in turn, support the company’s overall growth. Hosam Arab, the co-founder and CEO of Tabby, said “we’re delighted to partner with a globally reputed private debt institution like Partners for Growth. As our transaction volumes and merchant numbers have continued to surpass all our expectations, it was essential for us to partner with an organisation that would support our current and long-term growth.” Meanwhile, Max Penel, the Investment Director at Partners for Growth, saw positive prospects for Tabby, saying it is “one of the fastest growing companies in the MENA region and [has] an attractive market opportunity ahead.” Through the financing, Tabby will be able to scale its platform and “harness the continuous growth of the buy now, pay later sector, both regionally and globally,” said Penel. Follow us on: Instagram Facebook YouTube Make sure to share this post and subscribe to our newsletter to receive notifications on our latest posts, as well as exclusive content and much more!