Dubai aims to become one of the capitals of the metaverse and Web3 by creating 40,000 jobs

Dubai continues to show its interest in new technologies and more specifically in the metaverse: the emirate aims to create 40,000 new jobs in this sector and will deploy new infrastructures to develop Web3. According to the statement, this could bring $5 billion to Dubai’s economy.

https://cryptoast.fr/dubai-devenir-capitales-metaverse-web3-creant-4000-emplois/

Dubai, the future world capital of new technologies?

l’emirate dubaiin his delusions of grandeur, plans to Create 40,000 virtual jobs to become one of the top 10 metaverse economies in the world.

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoumthe Crown Prince of Dubai and Chairman of the Dubai Executive Council, unveiled on July 18 the Dubai Metaverse Strategya project that, according to the press release, could bear fruit, $4 billion for Dubai’s economy by 2030.

True to its directive to one of the major global hubs of new technologiesthe city will focus on artificial intelligence (AI) and Web 3.0 in developing project incubators for this purpose and by promoting these 2 poles thanks to the content creators.

According to Omar bin Sultan Al-OlamaMinister of State for Artificial Intelligence and Digital Economy of the UAE, the metaverse will be the key to “ provide innovative solutions, have a positive impact on people’s lives and transform the city into one of the smartest centers in the world, with new economic opportunities “.

According to the press release, Dubai is already home to a thousand companies working in the blockchain and metaverse sectors, contributing $500 million for the local economy.

👉 What is Web3, this decentralized version of the Internet?

Discover the sandbox

Dive into the Metaverse

toaster icon
Investing in cryptocurrencies is risky (read more)

A multitude of technologies brought forward

The horizons covered by the Dubai Metaverse strategy will be many and in particular: new models of government work. This will also affect tourism, education, retail, remote work, healthcare and the legal sector.

Emphasis will also be placed on the user securityin particular by developing dedicated infrastructures and by creating secure platforms toaccelerate the adoption of these technologies in the best conditions.

The metaverse here includes extended reality (a mix between the physical and virtual world), augmented reality, virtual reality (VR), digital twins and mixed reality. The press release also mentions themachine learning to transcend the limits of human thought.

The strategy also promotes the deployment of 5G networks to develop edge computing to process data on the local network through smart devices instead of storing it in the cloud.

Recall that last May the Dubai Digital Assets Regulatory Authority made his entry into the metaverse of The Sandbox (AND).

👉 Metaverse News: First Successful Journey to Otherside, Yuga Labs’ Metaverse

Join experts and a premium community

PRO

Invest in your crypto knowledge for the next bull run

toaster icon

Source: Press release

Newsletter

Receive a summary of crypto news by email every Monday 👌

What you need to know about affiliate links. This page presents assets, products or services related to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.

Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and cannot be held responsible, directly or indirectly, for any damage or loss caused by the use of any good or service mentioned in this article. Investments related to crypto assets are inherently risky, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article is not investment advice.

Leave a Comment