HomeBlockchainDubai and the $4 billion Metaverse strategy

Dubai and the $4 billion Metaverse strategy

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On Monday, July 19, the crown prince of Dubai announced that the kingdom would use the metaverse to create more than 40,000 “virtual jobs” and $4 billion into the economy over the next five years.

In a latest tweet by Hamdan bin Mohammed bin Rashid Al Maktoum, he revealed his intention to increase the number of blockchain and metaverse companies by 5 times in the country.

“We launched the ‘Metaverse Dubai Strategy’ today to focus on developing new technologies. Dubai is home to over a thousand companies in the metaverse and blockchain sectors, contributing more than $500 million to our economy,” said the crown prince.

This program will promote 3 categories: increasing the contribution of the metaverse to the economy, facilitating development to attract companies and projects from abroad, and applying the features of the metaverse to operations Dubai government.

“We launched the ‘Metaverse Dubai Strategy’ today to focus on developing new technologies. Dubai is home to over a thousand companies in the metaverse and blockchain sectors, contributing more than $500 million to our economy,” said the crown prince.

This program will promote 3 categories: increasing the contribution of the metaverse to the economy, facilitating development to attract companies and projects from abroad, and applying the features of the metaverse to operations Dubai government.

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