The entrepreneur secured funding from the Rochester Institute of Technology Dubai and the Mohammed Bin Rashid Smart Learning Program.
The virtual shopping center will set a new standard for immersive online shopping experiences.
LandVault, the largest metaverse creator, is expanding its presence into the MENA region.
The travel and tourism industries alone will gain $3.2 billion once the virtual universe reaches its full potential.
The chairman of O'Leary Ventures and star of ABC's Shark Tank will deliver a keynote speech at the Middle East Blockchain Awards.
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.
The interplanetary metaverse project has revealed the opening single from the world's first metaverse-specific soundtrack.
The simulation, known as Metaverse Project 2117, hopes to host 100 million users over the next 10 years.
Developed by creative agency The Bold Group, Saudi Arabia will host its first ever National Day as a virtual event, complete with collectable NFT wearables.
The tower would offer a business ecosystem for freelancers, digital nomads, remote employees, and budding entrepreneurs.