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Dubai Is Set To Become A Metaverse & Blockchain Hub

The city has already established itself as the global capital of Web 3.0, hosting a vast array of metaverse and blockchain technology and startups.

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dubai is set to become the metaverse and blockchain hub
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Having already adopted a comprehensive “Metaverse Strategy“, Dubai has made rapid progress as a smart city of the future, using a carefully crafted regulatory framework to attract innovation and talent to its modern, tech-central environment.

Although the metaverse — a blockchain-based virtual world — is still in its early stages of development, it promises to deliver massive potential for millions of users over the coming years, shaking up the entire world’s economy and online culture.

The global market share of the metaverse is thought to have the potential to reach $1.6 trillion by 2030, with tech giants such as Facebook, Google, and Nvidia heavily invested in Web 3.0 development. For that reason, the UAE is already aiming to be a market leader, with over 1,000 metaverse-related companies headquartered in the region.

“From retail shopping to healthcare and manufacturing, the metaverse is becoming pervasive in countless industries. It is transforming industries by expediting virtual operations seamlessly and offering business opportunities for investors,” says Pratik Rawal, Managing Partner, Ascent Partners.

Also Read: Everdome Announces First-Ever Metaverse Soundtrack

Dubai’s strategy aims to funnel $4 billion of the UAE’s GDP into related projects over the next five years, bringing an estimated 40,000 virtual jobs to the metaverse by 2030. Augmented reality and blockchain projects currently bring over $500 million to UAE’s economy, with the Dubai World Trade Center (DWTC) accounting for a sizable portion of that figure.

As the metaverse builds into a thriving, heavily populated augmented-reality world, Dubai and the whole of the UAE will be poised to become the epicenter of this advanced technological revolution, bringing all of the benefits of blockchain, cryptocurrency, and augmented reality to the everyday lives of users worldwide.

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Are You Ready For This Year’s GITEX Shopper Event?

We’re excited to be media partners of this year’s GITEX Shopper event, an extravaganza bringing together all the big names and retailers in electronics.

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are you ready for this year's gitex shopper event

GITEX Shopper, the giant 5-day electronics extravaganza, is getting ready to open its doors to the public between December 14 and 18 at the Dubai World Trade Center.

The expo brings together all of the top electronic brands and retailers and features huge discounts on all the best tech, plus prize draws, new product launches, interactive displays and much more.

Visitors to GITEX Shopper will be able to grab all of the latest products at the best prices, from gaming consoles and speakers to drones, TV sets, and even e-scooters. This 5-day shopping extravaganza offers exclusive discounts on selected items that can’t be found elsewhere, and there are plenty of shows and demonstrations at the expo to keep the whole family entertained.

To join over 100,000 people at this year’s GITEX Shopper and grab some of 2022’s biggest bargains, head over to the official website to register your interest.

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