Coin-Miners - Crypto Currency Tracker logo Coin-Miners - Crypto Currency Tracker logo

Cryptoknowmics 2022-09-29 10:45:44

UAE Ministry of Economy Launches Headquarters in the Metaverse

The Ministry of Economy of the United Arab Emirates has joined the league of public and private institutions that own property in the metaverse. At the Dubai Metaverse Assembly, Minister of Economy, Abdulla bin Touq Al Marri, disclosed the location of the Ministry’s headquarters in the metaverse. Al Marri described the metaverse as an economic equalizer, transforming critical industries from logistics to real estate. Dubai Metaverse Strategy At the first-of-its-kind assembly, Al Marri presented the new headquarters during a panel discussion. Since Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, unveiled the Dubai Metaverse Strategy in July, the Dubai Metaverse Assembly is the first occasion of its sort. By 2030, the initiative hopes to support 40,000 virtual employment, bring in 1,000 blockchain-focused enterprises, and increase Dubai’s GDP by $4 billion. Additionally, the worldwide metaverse market is anticipated to increase by a cumulative 43.3 percent annually, reaching a value of $1.6 trillion. “Digital technology is vital to our new economic model for the next 50 years, and the metaverse represents one of the most exciting applications in this field,” said the Minister. Dubai To Become World’s First Virtual Metropolis Thanks to Metaverse Holdings, Dubai will become the world’s first virtual metropolis. Delaware recently established Metarverse Holdings, a business that develops cutting-edge Web3 te...

freebitcoin
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.