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United Arab To Open A Ministry Office In Metaverse

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United Arabs Metaverse

United Arabs Metaverse

The #United Arab Emirates, which already owns the highest tower in the world and has undertaken a daring Mars mission, aspires to become a forerunner in the #metaverse’s depths. It was stated that the UAE’s economy ministry was opening up shop inside the immersive virtual world that is currently taking shape in a project unveiled inside Dubai’s dazzling Museum of the Future.

According to officials, anyone who has done virtual reality goggles or uses other means to enter will find a ministry ready to execute bilateral agreements with other governments and open for business with businesses. Although it is still in “test” mode, the metaverse is an online environment where users will soon be able to play games, work, and learn.

Abdulla bin Touq Al-Marri was giving a speech at the inaugural Dubai Metaverse Assembly, hosted at the museum, whose unique ring-shaped design is flanked by Arabic calligraphy. In order to explore the potential of the metaverse, a network of digital spaces meant to be an extension of the actual world, representatives of tech titans mixed with entrepreneurs and developers. Al-Marri said, “In the last couple of years, we’ve seen investments, we’ve seen companies move in, and with the modifications of the (visa) regime… we see talent coming in.

The UAE, which has a history of ambitious projects like the 830-meter-tall (2,723-foot) Burj Khalifa, thinks the metaverse would boost its annual GDP by $4 billion and create 40,000 new employment by 2030. By easing visa requirements for independent contractors, business owners, and creatives, Dubai hopes to recruit 1,000 blockchain-focused enterprises as it competes to become one of the top 10 metaverse economies in the world. Al-Marri continued, “Covid actually accelerated” the trend as the coronavirus outbreak drove more individuals online. We anticipated that the metaverse would take 10 to 20 years to develop as a technology fully, he said. “Covid-19 truly absorbed us so quickly and sped up the metaverse experience.”

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