Sheikh Hamdan bin Mohammed, Crown Prince of Dubai and chairman of the Dubai Executive Council, announced the launch of the “Dubai Metaverse Strategy.
Emirates News AgencyAs reported on Monday Crown Prince Hamdan announced by project; tourism, education, retail, remote work, health and law new business models in critical sectors such as to create employment It promotes the development of Web3 technology and applications.
Dubai government metaverse to the national economy, with the breakthrough AED 4 billion ($1 billion) to contribute and supporting 40,000 “virtual” jobs in five years aims. Prince Sheikh hamdan In his speech on the subject, he made the following statements:
Today we launched the Dubai Metaverse Strategy, which aims to foster technological innovation. Dubai is home to more than 1,000 companies operating in the metaverse and blockchain sector, contributing $500 million to our national economy.
In addition, according to the details announced, this project, from real-time data taking advantage machine learning, IoT (internet of things), AI (artificial intelligence) simulation and blockchainIt aims to improve human thinking processes by using The technological infrastructure of the strategy, real-world data collectionnetworking, which focuses on verification, storage, processing and management, and “edge computing” architecture.
The project, which preferred the “edge computing” system instead of using cloud storage, improve response times and save bandwidth aims.
Currently in the United Arab Emirates Metaverse job opportunity for 6,700 people exists. This business infrastructure contributes to the UAE economy. contributes $500 million a year. Prince Hamdan expects both data to grow significantly in the future.
Value of venture capital and private equity financing in the metaverse globally reach 13 billion dollars in 2022 Waiting.
In addition, in early 2022, the Dubai government established a task force to monitor the latest developments in the digital economy as it seeks to capitalize on the opportunities in the metadatabase.