Dubai aims to be one of the top 10 cities globally in the metaverse economy, creating 40,000 virtual jobs and adding US$4 billion to the city’s economy in five years.
See related article: Dubai could be crypto’s promised land, Citi says
Fast facts
- The launch of the Dubai Metaverse Strategy on Monday was aimed at fostering innovation in new technology, Crown Prince Sheikh Hamdan bin Mohammed said on his verified Twitter handle.
- The Emirati state is home to over 1,000 companies operating in the metaverse and blockchain sector, contributing US$500 million to the national economy, he said.
- The strategy entails increasing the number of blockchain and metaverse companies five-fold in five years, Bin Mohammed said.
- Dubai also aims to develop metaverse use-cases and applications for its government, cultivating talent for the industry through education and training.
- Dubai has been attracting cryptocurrency exchanges with its favorable regulatory environment and faster approvals for licenses.
See related article: Binance wins crypto license in Dubai days after FTX
- Bitcoin
- blockchain
- blockchain compliance
- blockchain conference
- coinbase
- coingenius
- Consensus
- crypto conference
- crypto mining
- cryptocurrencies
- cryptocurrency
- decentralized
- DeFi
- Digital Assets
- Dubai
- ethereum
- Forkast
- machine learning
- Metaverse
- Middle East
- non fungible token
- plato
- plato ai
- Plato Data Intelligence
- Platoblockchain
- PlatoData
- platogaming
- Polygon
- proof of stake
- UAE
- W3
- zephyrnet
More from Forkast
BAYC surges to lead NFT sales but Solana dominates the top 10
Source Node: 2533514
Time Stamp: Apr 2, 2024
Citadel, Fidelity and Sequoia backed digital exchange to launch in November
Source Node: 1663763
Time Stamp: Sep 13, 2022
Bitdeer leads US$250 mln fund to acquire assets from distressed miners: report
Source Node: 1699966
Time Stamp: Sep 28, 2022
Fidelity considers Bitcoin trading on brokerage platform: WSJ
Source Node: 1662425
Time Stamp: Sep 12, 2022
India’s industry body dissolves its crypto advocacy council
Source Node: 1575837
Time Stamp: Jul 14, 2022
Tencent to cut domestic NFT marketplace team, look overseas: report
Source Node: 1588668
Time Stamp: Jul 22, 2022
Binance spent over US$1B on compliance, founder Changpeng Zhao says
Source Node: 1603985
Time Stamp: Aug 1, 2022