Ahmed Rizvi
This is turning out to be a summer of splits for Grigor Dimitrov.
First, the Bulgarian, once hailed as one of the brightest young stars of men’s tennis, parted ways with Roger Rasheed, his fifth coach since he began his professional career in 2008, following a humbling straight-sets loss to Richard Gasquet in the third round at Wimbledon last month.
Then last week, the world No 16 announced his break-up with Maria Sharapova following a three-year romance.
Read more:
– Rafael Nadal returns to clay surface shaken and searching for confidence
– Maria Sharapova out to repeat 2004 win against Serena Williams: ‘It will be an incredible moment for me’
“Our paths split,” Dimitrov told Bulgarian media. “Now I’m concentrated entirely on the game and I’m sure the results will soon be seen ... This is the summer of the new beginning for me.”
Dimitrov certainly needs a fresh start, especially after the results he has had this year following a successful 2014, when he reached No 8 in the rankings, won three titles and reached the last four stage at Wimbledon.
He is yet to reach a final in 2015, and the fourth round at the Australian Open is his best grand slam performance this year.
So a “new beginning” is much-needed, but why could he not concentrate while with Sharapova?
The relationship did not stop the Russian from winning a grand slam (2014 French Open) and collecting four masters titles over the past 30 months.
And why did Dimitrov not win a single title before Sharapova came into his life?
Roger Federer was the owner of five grand slam crowns before his 24th birthday. Dimitrov, called “Baby Fed” in his teens, has some catching up to do.
arizvi@thenational.ae
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What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
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