One of the potential crypto hubs in the UAE against the backdrop of the global growth of Web3 is launching a project to develop the metaverse, primarily aimed at artificial intelligence.
The Emirate of Dubai, at the initiative of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum (Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum), presented a strategy for the development of its own metaverse. The goal of the project is to transform Dubai into one of the top 10 economies of the metaverse in the world.
The strategy advances Dubai’s ambition to support over 40,000 virtual jobs by 2030. Al Maktoum hopes to turn the emirate into a global technology capital by focusing primarily on artificial intelligence (AI) and Web3. The project is in line with the goals of the UAE’s AI strategy to elevate the country’s status as one of the world’s leading countries in futuristic sectors through investment in new technologies.
Dubai’s Metaverse strategy includes R&D collaboration to increase the economic contribution of the Metaverse, using accelerators and incubators to attract companies and projects from overseas, and providing training support to developers, content creators and digital platform users.
As part of the strategy, new state models of work in the field of tourism, education, retail, remote work, healthcare and the legal sector will be created. The key pillars of the project will be augmented reality, augmented reality (AR), virtual reality (VR), mixed reality and digital twins – a virtual representation of an object or system.
The authorities of the world’s largest economies are investing in the promising market of the metaverse. For example, in the next three years, the Chinese government of Shanghai intends to implement a program to support projects in virtual reality in the amount of $52 billion. Earlier, the South Korean authorities announced that they were going to spend $117.1 million on investments in the metaverse.
Source: Bits
I’m James Harper, a highly experienced and accomplished news writer for World Stock Market. I have been writing in the Politics section of the website for over five years, providing readers with up-to-date and insightful information about current events in politics. My work is widely read and respected by many industry professionals as well as laymen.
