Metaverse business initiatives promote Dubai as a global capital of Web 3.0

Metaverse business initiatives promote Dubai as a global capital of Web 3.0

The UAE has become one of the top metaverse economies in the world. And Dubai is a global pioneer in offering the most advanced metaverse and blockchain ecosystem globally with the launch of the Dubai Metaverse Strategy

By Pratik Rawal/Viewpoint Published: Sun 9 Oct 2022, 2:30 PM Last updated: Sun 9 Oct 2022, 2:31 PM

Dubai has set forth a new era of blockchain technology, placing the nation in a position as the Global Capital of Web 3.0 with its new metaverse and blockchain technology and meticulously drafted regulatory framework.

The UAE has become one of the top metaverse economies in the world. And Dubai is a global pioneer in offering the most advanced metaverse and blockchain ecosystem globally with the launch of the Dubai Metaverse Strategy.

Blockchain technology is associated with the world of cryptocurrency, tokenised assets (NFTs), and the metaverse. Blockchain technology is an immutable distributed ledger that facilitates a decentralised, secure record of transactions in digital format.

The metaverse simplifies real-time interaction between people worldwide on a virtual platform. It is a revolutionary evolution of the Internet from the primary stage, Web 1.0 to Web 3.0, where users can interact without intermediaries and have control over their experience on the Internet.

Metaverse usage

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