Metaverse Holdings choose Dubai, Abu Dhabi as world’s first cities in global metaverse launch

Metaverse Holdings choose Dubai, Abu Dhabi as world’s first cities in global metaverse launch

UAE-based Metarverse Holdings has chosen Dubai and Abu Dhabi as the first cities to be released as part of its global metaverse rollout. Their virtual environment will match authentic real-life events and locations, with a Beta version expected to go live in the fourth quarter of 2022 and become available globally shortly thereafter. Users globally will be able to experience both cities’ attractions and landmarks alongside real-world utilities from the comfort of their homes – merging the physical and digital worlds. The new platform is introducing a comprehensive real-world utility-based metaverse with full multi-device interoperability and is meant to stream swiftly, in contrast to current virtual reality applications that build small-scale, digital fantasy worlds. Users can find synergy between their needs and the platform that encompasses NFT’s blockchain technology. This will include functionality to browse and shop from the biggest retail brands and stores, buy advertising space in the virtual city, attend simulated lectures, along with the ability to apply for residency visas, business licenses and more. “After carefully examining other leading regions, the decision was made for Dubai and Abu Dhabi to be the very first simulated cities within our new metaverse”, stated Priven Reddy, CEO of Metarverse Holdings