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(Menaffin– Middle East.Info)
Emirates to be first ‘exploited’ hub in virtual world replicating real-life experiences and locations
Dubai, UAE: The Dubai government recently established the High Commission for Future Technologies and Digital Economy, which will oversee Dubai’s efforts to establish itself as a major global hub for the adoption of metaverse technologies. As a result of this announcement, Metarverse Holdings has selected Dubai and Abu Dhabi as the first cities to launch as part of its global Metaverse rollout. Their cutting-edge virtual environments will be matched with real, real-life events and locations, with a beta version expected to go live in Q4 2022 and a global rollout shortly thereafter.
Users worldwide will be able to experience the greatest sights and landmarks of Dubai and Abu Dhabi as well as real-world utilities from the comfort of their own homes – a fusion of the physical and digital worlds.
In contrast to current VR applications that build small-scale digital fantasy worlds, the new platform introduces a comprehensive virtual world based on real-world utilities, with full multi-device interoperability, and designed for fast streaming. Users can find synergy between their needs and the platform that incorporates NFT blockchain technology. This will include the ability to browse and shop from the largest retail brands and stores, buy ad space in the virtual city, attend mock lectures, and apply for residence visas, business licenses, and more.
“After carefully researching other key regions, we decided to make Dubai and Abu Dhabi the first SimCities in our new virtual world,” said Priven Reddy, CEO of Dubai-based Metarverse Holdings.
“We believe in the mission and vision of Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the UAE and Ruler of Dubai, and Crown Prince Sheikh Hamdan bin Mohammed Al Maktoum Driven by , Dubai is at the forefront of innovation and digital transformation. Dubai’s.”
This vision establishes the UAE as a pioneer in the adoption of innovative concepts and disruptive economic and technological models, so we have only one place to debut. People all over the world are fascinated by the continuous development of the UAE. The rise of the UAE and its constant vision of the future has fascinated people across the globe.
In order to become the most advanced Metaverse in the market, which is expected to be worth $1 trillion in annual revenue over the next 6 to 8 years (PwC, 2022),” Metarverse Holdings pledged to the new platform project.
Karyn Naidoo from Zengary, Strategic Advisor to Metarverse Holdings Said: “With the upcoming beta release, we will be releasing more key locations in the UAE, with a focus on creating visually, topographically and geometrically scaled virtual spaces to recreate the most authentic Dubai and Abu Dhabi metaworlds. feeling, using virtual reality (VR) headsets, augmented reality (AR) glasses, smartphone apps and other devices to provide space for endless, interconnected virtual communities. After the UAE launch, we may investigate Qatar and Saudi Arabia The Arab Kingdom as a potential candidate for our next virtual state.”
As the government of the United Arab Emirates is also fully promoting the adoption of blockchain technology, digital assets and virtual worlds across the region, Avdal Baig , Strategic Partners exist Metaverse Holdings It is believed that this new platform will connect the UAE government’s mission to the opportunity to capitalize on key focus areas Real estate, education, tourist attractions, retail, government services, healthcare and professional services.
“The visionary UAE government has acted in a way that the global community admires and marvels at. We believe this new platform will help the UAE’s projected $4 billion market expand as it is at the forefront of technology and embraces the true possibilities of Web 3.0, Not just for economic progress, but for society as a whole. We can help start a movement that will revolutionize the way we live today by creating this world first and showing the best of Dubai and Abu Dhabi,” said Afdal.
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