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Dubai To Further Virtual Strategies In Metaverse Assembly

The assembly is due to take place in Dubai’s Museum of the Future, where it will connect people with the latest Web3 technology.

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dubai to further virtual strategies in metaverse assembly
Dubai Future Foundation

Organized by the Dubai Future Foundation (DFF), The Dubai Metaverse Assembly is due to take place on the 28th and 29th of September 2022, launched by Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.

The assembly will host Facebook parent company Meta and representatives from the World Economic Forum, Mastercard, Emirates, and Accenture. 300 world experts and 40 specialist organizations will also be in attendance at an event that will take place in the Museum of the Future, next to the famous Emirates Towers.

“This global assembly will facilitate synergies amongst the most pioneering and innovative private and government entities, building exciting use cases in web 3.0 and the Metaverse. [the assembly will] bring together policymakers, academia, startups, and corporations to explore these technologies and their impact in the Metaverse,” says Dubai Metaverse Assembly’s director, Hamad Al Shirawi.

dubai metaverse assembly september 2022

The overarching theme is centered around connecting real and virtual worlds, and workshops will advise participants on how to benefit from, and gain capital in the Metaverse to achieve an improved quality of life in both spheres of existence.

The Dubai Metaverse Strategy was announced two months ago by Dubai’s Crown Prince to boost the Emirates virtual footprint and prepare the UAE government for the emergence of the Metaverse by providing an outlet and forum for discussion and collaboration.

Also Read: Farfetch Aims To Bring Web3 To The World Of Fashion

The event is set to host plenty of experienced speakers who will guide the audience through this emerging new technology, introducing them to a market tipped to be worth $30 trillion within the next decade and a half.

“The Metaverse is a promising digital world. We aim to harness this technology to enhance the quality of life in the UAE and across the globe […] We want Dubai to lead globally in adopting the technology of the future, understanding its developments, harnessing its potential, and driving change,” says His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai.

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World’s Largest Metaverse Developer Opens Dubai Office

LandVault, the largest metaverse creator, is expanding its presence into the MENA region.

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world's largest metaverse developer opens dubai office

LandVault, the world’s largest metaverse developer, will expand operations to Dubai later this month as part of an ongoing strategy to boost its presence in the MENA region. The company aims to help local businesses gain a foothold in the expanding web 3.0 universe and sees exciting opportunities to bolster its client portfolio.

So far, metaverse developer LandVault has lived up to its name, creating and curating over 100 square feet of virtual space for a diverse range of organizations, including the nearby Yas Marina Circuit, Aldar, Mastercard, Standard Chartered, World of Women, Hershey’s, and many more.

The Dubai government’s Metaverse Strategy is one of the key reasons LandVault has been inspired to move to the region, as leaders plan to transform the Emirate into one of the world’s top 10 metaverse economies by 2030. Eventually, it’s hoped that in excess of 1,000 companies in the blockchain and web 3.0 spaces will be inspired to set up entities in the region, creating around 40,000 new jobs in the process.

Also Read: Best Music Streaming Services In The Middle East

“We are excited to open our office in Dubai and to be a part of the vibrant tech community in the UAE. The MENA region is a key market for us, and we believe that our presence in Dubai will allow us to assist the region and explore new opportunities. We are also excited about the potential for the metaverse in the real estate industry in the UAE. We look forward to working with developers and real estate companies to showcase their properties in a new and innovative way,” says Sam Huber, CEO of LandVault.

Alongside developing the metaverse from its new Dubai office, LandVault will also deploy its technology to assist the UAE’s real estate sector. Developers will soon be able to showcase their projects in a way that was never previously possible, reaching a much wider audience with immersive and interactive property tours and even virtual showrooms.

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