Connect with us

News

UAE Announces Freezone For Digital & Virtual Asset Companies

Applications will be allowed during the second quarter of 2023.

Published

on

uae announces freezone for digital and virtual asset companies

His Highness Sheikh Saud bin Saqr Al Qasimi, the ruler of Ras Al Khaimah and UAE Supreme Council Member, has set plans in motion to establish the world’s first digital and virtual asset company freezone.

The independent governmental authority known as the RAK Digital Assets Oasis is affiliated with the newly created Department of the Future. The recently implemented law grants the RAK Digital Assets Oasis complete financial, administrative, and legislative independence, allowing it to function as a purpose-built free zone for the virtual assets sector.

Also Read: Riyadh Air Makes Multi-Billion Dollar Deal With Boeing

“The Emirate of Ras Al Khaimah has been playing a leading role in national efforts to strengthen the UAE’s diversified, sustainable economy. With the nation’s focus on digitalization and encouraging enterprises of the future, RAK Digital Assets Oasis will serve as the gateway for global digital and virtual assets companies to establish their operations and grow their business,” says His Highness Sheikh Saud bin Saqr Al Qasimi.

The Ras Al Khaimah Digital Assets Oasis freezone opens for applications in Q2 of 2023. The government hopes to attract innovators and startups in a range of sectors, including the metaverse, blockchain, virtual asset wallets, NFTs, and other Web3-related businesses.

Advertisement

📢 Get Exclusive Monthly Articles, Updates & Tech Tips Right In Your Inbox!

JOIN 23K+ SUBSCRIBERS

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Instagram Redraws Its Wordmark And The Internet Reads “Instagzam”

Instagram’s first wordmark refresh in a decade arrives with new fonts, a restrained gradient — and a Reddit verdict of sidegrade.

Published

on

instagram redraws its wordmark and the internet reads instagzam
Instagram

Although Instagram’s famous camera icon hasn’t changed, the company has refreshed the handwritten wordmark at the top of its app. This is the first redesign we’ve seen in ten years, and one the internet promptly set about renaming.

“The wordmark at the top of the app hasn’t changed in 10 years, so it was time for a refresh,” Instagram head Adam Mosseri wrote in a post on August 13, describing the new version as “cleaner and more modern” while keeping references to the original design.

Instagram says its team explored hundreds of options — all-caps lettering, camera-inspired concepts, even literal handwriting — before returning to script. “Script reflects individuality, so referencing that felt right,” Instagram director of product design Jasmine Probst said in Meta’s announcement. “The new wordmark is bolder and simpler, with touches of unexpectedness. It cues individual expression, a personal voice, both of which have always been core to Instagram”.

The wordmark is part of a broader brand overhaul: an updated Instagram Sans typeface, two new fonts — the hand-drawn Instagram Pen and Instagram Mono — plus refreshed motion and layouts, and more restrained use of the signature gradient. The wordmark is rolling out globally now, with the rest arriving throughout 2026 and beyond.

Also Read: Spotify Will Now Tell You If Your Favorite Artist Isn’t Real

The design mixes cursive and print lettering, some characters connected and others floating free. That hybrid approach, combined with unusually shaped “s” and “r” characters, led some users to conclude the logo actually reads “Instagzam”. On the r/logodesign subreddit, one user said the wordmark looked “fan-made,” like something built in Canva; another called it “an unsettling mix of manuscript and cursive”; a third summarized it as a “sidegrade” — or, inevitably, a “zidegrade”.

Not everyone was hostile to the new look. Some found the half-cursive design stylish and surprisingly readable, while others called it an improvement on its predecessor, and one commenter argued Instagram was simply adopting minimalist branding later than everyone else. Either way, the platform now has a refreshed identity, three updated fonts, and an unofficial new pronunciation.

Continue Reading

#Trending