new metaverse strategy dubai, walking ahead dubai; Dubai crown prince announces launch of new metaverse strategy

Dubai: Dubai is ahead of many other countries in adopting new technology. The government of Dubai has announced a new policy in the field of Metaverse, which will create a big revolution in the field of digital technology. The Dubai Metaverse Strategy was announced by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council. The announcement was made through his Twitter account.

1000 Metaverse companies in Dubai

Sheikh Hamdan pointed out that Metaverse will become a revolutionary technology that will change all aspects of life in the next two decades. There are currently 1000 companies operating in this sector in Dubai alone. They are organizations that contribute $50 million annually to Dubai’s financial sector. He said that it is hoped that they will become stronger in the coming days.

Five times within five years

The new policy aims to quintuple the number of firms operating in the blockchain and metaverse space within the next five years. Dubai’s Metaverse strategy aims to create 40,000 virtual jobs. Sheikh Hamdan said that it is hoped that the Dubai economy will be able to achieve a profit of 400 million dollars from this sector.

A new virtual world is created

Metaverse technology provides an opportunity to create and experience a virtual world with the help of technology like virtual reality and augmented reality. With new technology, it is possible to create the impression of being in the office from the comfort of your own home and to make the experience of sitting there and watching a movie possible without going to the theater. It is estimated that even people in different countries can create the impression of communication by seeing, touching and exchanging experiences through Metaverse.