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With Metaverse strategy in place, Dubai consolidates status as world’s Web3 capital

The recent launch of Dubai’s Metaverse Strategy positions the city as a global pioneer offering the world’s most advanced and connected ecosystem where the metaverse community can thrive in a dynamic and enabling environment.

The move consolidates Dubai’s status as a global capital of advanced technologies, primarily artificial intelligence (AI) and Web3, according to Emirates News Agency (WAM).

Dubai is already home to more than 1,000 companies in the metaverse and blockchain sector. As the city attracts new players, the sector’s current contribution of $500 million to the economy is estimated to increase significantly. The Dubai Metaverse Strategy aims to support more than 40,000 virtual jobs by 2030 and add $4 billion to Dubai’s economy in five years...

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