News

Dubai Introduces Its Metaverse Strategy

The aim of the initiative is to make Dubai the leader in the region and one of the top 10 cities globally in terms of metaverse economy.

Published

2 years ago

July 21, 2022

David Morelo

Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum seems to share Meta’s vision for the next generation of the internet because he has recently launched the Dubai Metaverse Strategy.

The aim of the initiative is to make Dubai the leader in the region and one of the top 10 cities globally in terms of metaverse economy by supporting 40,000 virtual jobs and 5x the number of blockchain and metaverse companies. By achieving these ambitious goals, Dubai could add $4 billion to its economy within the next 5 years.

dubai metaverse strategy

“His Highness added that adopting new technologies will be a stepping stone in Dubai’s vision to use future technologies to create new work models in vital sectors and increase the metaverse’s impact on regional and global economies,” states an announcement published by the UAE official news agency WAM.

The Dubai Metaverse Strategy consists of three pillars. The first pillar is intended to foster metaverse innovation and economic contribution. The purpose of the second pillar is to cultivate metaverse talent through education and training. Finally, the third pillar is all about developing metaverse use-cases and applications at the government level.

The three pillars are supported by the adoption, scaling, and global advocation of safe platforms, in addition to infrastructure and regulation refinement.

Also Read: UAE To Punish Crypto Scammers With Fines & Jail Time

While certainly one of the most bullish proponents of the metaverse, Dubai isn’t the first city to introduce a cohesive strategy. Just last month, Chinese city Shanghai released a policy paper that outlines its strategy to cultivate a metaverse industry worth more than 350 billion yuan ($52 billion) by the end of 2025.

Globally, the metaverse market is projected to be worth around $1,607.12 billion by the end of the decade, according to Precedence Research. Do you think Dubai will see a return on this massive investment?

Related Topics:Dubai Metaverse United Arab Emirates

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News

Ring Upgrades Home Security With New Ring Protect Plus Features

The latest update allows users to access exclusive new features such as Multi-Cam Live View and Priority Alerts.

Published

9 hours ago

April 30, 2024

Nour Nasir

Ring

Home security expert Ring has revealed five new features for its Ring Protect Plus subscription:

Live View
Picture-in-Picture
Multi-Cam Live View
Snapshot Capture Plus
Priority Alerts
Event Summary

The update should help users boost security and get more value out of their doorbell or camera systems, along with extra peace of mind.

The new video tools, such as Live View Picture-in-Picture, Multi-Cam Live View, and Snapshot Capture Plus, offer insights into activating, viewing, deleting, and downloading snapshots and allow adjustments to snapshot frequency.

Meanwhile, the Enhanced Notifications feature allows users to customize notifications and keep up with what’s happening at home. In addition, a Priority Alerts tool enables alerts when a mobile device is in Do Not Disturb mode and can override settings like Alerts Snooze and Motion Schedules. Finally, the Event Summary feature offers a daily digest of all events and recordings.

“We have always focused on home security solutions that are flexible to work in any space,” said Mohammad Meraj Hoda, Ring’s Vice President of Emerging Markets. “We are seeing more households turn to Ring for the peace of mind that comes from knowing their homes are secure. We’re giving our customers tools they need to build a home security system exactly the way they need it”.

Also Read: Dubai Gives Go Ahead For $35 Billion Al Maktoum Airport Expansion

Ring Protect Plus covers unlimited Ring Video Doorbells and Cameras for a single location. However, the company also offers a Basic plan covering a single Ring Video Doorbell or Security Camera at one location. With both Basic and Plus plans, users can save, share, and download clips of any detected events for up to 180 days.

The company is currently offering a free 30-day free trial to its Ring Protect service with any Ring Video Doorbell or Security Camera purchase. The Ring Protect Plus subscription can be purchased later for $10/month or $100/year.