Princess Reem Al-Faisal: Web3, NFTs, and the metaverse are shaping the future of the internet

Princess Reem Al-Faisal in a panel discussion entitled Technology Imagination and the Marketing Game: Future Alliances: NFTs / Web3 / Metaverse at Jeddah Book Fair 2022. (Supplied)
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Updated 13 December 2022
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Princess Reem Al-Faisal: Web3, NFTs, and the metaverse are shaping the future of the internet

  • Princess Reem Al-Faisal said that blockchain technology, which is for storing information in a decentralized way and keeping it more secure, is an upcoming knowledge
  • The Princess said that she is fascinated by cryptocurrencies and bitcoin, which she called “the most amazing technology revolution”

JEDDAH: On Monday night a panel discussion took place at the 2022 Jeddah Book Fair entitled “Technology, Imagination and the Marketing Game: Future Alliances: NFTs / Web3 / Metaverse.”

While the crypto sphere continues to blur the lines between the virtual and physical worlds, Princess Reem Al-Faisal agreed that these technologies, the Web3 ecosystem, nonfungible tokens and the metaverse are well-positioned to dictate the future of the former. 

She said blockchain technology, which is for storing information in a decentralized way and keeping it more secure, is an upcoming knowledge.

Al-Faisal said that she is fascinated by cryptocurrencies and bitcoin, which she called “the most amazing technology revolution.”

While facing the audience, Al-Faisal, a photographer for more than 30 years, then moved on to defining the “Infinity” technology, which is non-fungible and divisible symbols, and explained its most common uses in artworks and digital contracts. 

She also mentioned that this technology allowed artists to enter the digital world, such as stereo arts and paintings, to have their creations bought and sold. 

“It is also used in real estate because it uses indivisible symbols, and its advantage is that all information that is put in the contract remains preserved and continues until death.”

Regarding the metaverse, Al-Faisal indicated that it is technology beyond reality, and the city that contains all other digital construction.

“While Web3 is a new generation of the internet, we started with it, but we are not going to use it, because it needs public adoption.”

She added: “We use the blockchain in our dealings by 99 percent, in banks, various investments, and commercial opportunities. There are platforms that use this technology, including OpenSea, Foundation and Rebels, and it is also used in marketing for business and exhibitions. The platform that most supports this technology is Twitter.”

She indicated that the metaverse will change many things in several fields, including banking, as institutions will dispense, for example, with physical branches, as well as in medical services, which use the triple dimension, and universities that will use it for distance learning.

“The most critical challenge of these technologies is a lack of knowledge. So, individuals who will deal with these techniques should study them well, and take their time to learn, as they need at least 150 hours to be familiar with all fields because one of the risks is that those who don’t study this field will fall into identity theft and scams, for example,” She concluded. 


Balad Beast brings global beats to historic streets

Updated 31 January 2026
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Balad Beast brings global beats to historic streets

  • ‘MDLBEAST put us on the international map,’ say Saudi electronic duo Dish Dash

JEDDAH: The music festival Balad Beast concluded its fourth edition this weekend, having transformed Jeddah’s UNESCO World Heritage district of Al-Balad into an open-air celebration of music, culture and creativity that attracted thousands of music lovers over two nights.

The festival, organized by Saudi music platform MDLBEAST, featured more than 70 local, regional and international artists across four stages, offering audiences a diverse journey through electronic, hip-hop and global sounds.

French Haitian singer-songwriter Naïka performed on the second night of Balad Beast. (Supplied)

Speaking to Arab News, MDLBEAST chief creative officer Ahmad Al-Ammary, also known as DJ Baloo, described Balad Beast as a “cultural takeover” adding that finding the right spaces for dance floors was a challenge, “but Balad is constantly evolving and we work with that change.”

Addressing the challenges of working in a heritage area, he said: “Balad is sensitive and condensed, so logistics can be complex. In our first year, heavy rain flooded one of the planned squares and we had to relocate the Souq Stage to a much smaller space, but it worked and it has remained there ever since.

HIGHLIGHT

Reggae superstar Shaggy noted that the reality of playing live in Saudi Arabia often surprises those who arrive with preconceptions.

“Yes, the alleys are narrow and the district is old, but they’re full of ideas, patterns, colors and visuals. Everything flows here,” he continued. “As a festival, it’s hard to define Balad, because it gives so much of itself creatively. It’s incredibly generous with its ideas and details, and inspiration comes from everywhere.”

Balad Beast featured more than 70 local, regional and international artists across four stages, offering audiences a diverse journey through electronic, hip-hop and global sounds. (Supplied)

Balad Beast featured performances from international artists including US rapper Playboi Carti, making his first appearance in Saudi Arabia; US rapper Destroy Lonely; Swedish DJ and producer Alesso; and Bosnian-German DJ Solomun on the opening night. The following night saw French-Haitian singer-songwriter Naïka, reggae superstar Shaggy, Dutch DJ Franky Rizardo, British DJ Pawsa, and US rapper Tyga, and more take the stage, while Saudi and regional artists including Cosmicat, TUL8TE, Zeina, Vinyl Mode, Moayed, Dish Dash, Musab, Varoo and HiFi appeared across the festival, offering audiences a mix of global and local talent.

Saudi electronic duo Dish Dash reflected on the festival organizer’s impact for local artists.

As a festival, it’s hard to define Balad, because it gives so much of itself creatively. It’s incredibly generous with its ideas and details, and inspiration comes from everywhere.

Ahmad Al-Ammary, MDLBEAST chief creative officer

“MDLBEAST put us on the international map,” the brothers told Arab News. “It helped us get recognized by festivals, promoters and event organizers abroad. When we travel, people don’t expect this level of talent coming from Saudi Arabia, especially considering we didn’t have this scene before.”

Shaggy, who performed a hit-filled set during the festival, told Arab News: “I’ve been blessed with some incredible songs, and I see music as a gift and a tool for service. When I go on stage, I’m there to entertain people, to make them smile and feel good, but that service also supports many livelihoods from the people working at this festival to those who work with me. These songs have become part of people’s lives, and I don’t take that lightly.”

Balad Beast featured more than 70 local, regional and international artists across four stages, offering audiences a diverse journey through electronic, hip-hop and global sounds. (Supplied)

Shaggy also noted that the reality of playing live in Saudi Arabia often surprises those who arrive with preconceptions.

“I’ve performed in Saudi Arabia more than once, and while there are certain rules that are different, it’s not an issue for me. My focus is always on delivering the hits and giving the audience a great time,” he said.

“There’s a big misconception. People have more freedom than (outsiders) think. Everyone has been extremely nice.”

Asked what advice he would offer to aspiring artists, Shaggy said: “Understand that what you’re given is a gift and a form of service. Stay humble, do the work, and remember why you’re doing it.”

As Al-Ammary noted, there are many such aspiring artists now making a name for themselves in the Kingdom.

“Talent is emerging everywhere, at different levels,” he said. “The scene is still in a mysterious and surprising phase. There’s a rawness to it.”