Dubai has set the ball rolling to improve people’s lives and render creative solutions by positioning itself as the global capital of Web3 through its new blockchain and metaverse technology, according to local media outlet Gulf Today.
Launched its Metaverse Strategy Plan in July, Dubai sees it as a stepping stone toward attracting new projects and firms to the city as well as boosting global and regional economies.
The metaverse plan also seeks to propel contributions from the digital currency ecosystem to $4 billion from the present $500 million.
Pratik Rawal, the managing partner at Ascent Partners, pointed out:
“From retail shopping to healthcare and manufacturing, the metaverse is becoming pervasive in countless industries. It is transforming industries by expediting virtual operations seamlessly and offering business opportunities for investors.”
To bring the world to people’s fingertips, the metaverse seeks to offer blended experience through spatial…