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Metaverse to shape new digital future for humanity

Latest News Dubai 29 Sep 22
Metaverse to shape new digital future for humanity
Emirate will welcome innovators and experts to explore and design the future of metaverse, says Dubai Crown Prince
Event Location
Dubai, Dubai
Start Time
29 September 2022, 12:00 AM
End Time
31 October 2022, 12:00 AM

Dubai is set to consolidate its status as a testbed for future metaverse technologies, the Crown Prince of Dubai said on Wednesday.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Chairman of The Executive Council of Dubai and the Chairman of the Board of Trustees of the Dubai Future Foundation, also stated the metaverse would shape a new digital future for humanity. He spoke on the first day of the inaugural Dubai Metaverse Assembly, organised by the Dubai Future Foundation (DFF).

The Assembly is the first event resulting from implementing the Dubai Metaverse Strategy approved by Sheikh Hamdan in July. The strategy aims to add $ 4 billion to Dubai’s GDP, support 40,000 virtual jobs by 2030, attract 1,000 companies specialised in blockchain and metaverse technologies and turn Dubai into one of the world’s top 10 metaverse economies.

“We seek to provide a global platform for generating metaverse solutions for global challenges,” said the Crown Prince.

Over 500 global experts and policymakers, and more than 40 leading local and international organisations specialised in the metaverse and digital technologies, are participating in the two-day event. More than 20,000 attended the first day of the event using virtual platforms and metaverse technologies, the Media Office announced.

During the event, Sheikh Hamdan met with top officials from around the globe and visited activations installed by the event’s partners to showcase real experiences from the metaverse.

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