United Arab Emirates (UAE)held a panel called “Dubai Metaverse Assembly” in the city of Dubai recently. The panel brought together high-ranking officials of the Emirate and crypto entrepreneurs.
UAE officials during the panel blockchain He explained the new initiatives of the state by giving speeches on technologies.
Abdulla bin Touq Al Marri, Minister of Economy, metaverse announced that they will open a virtual office for the country’s Ministry of Economy. Al Marri stated that the new metaverse office will not be a prototype trial, but a third address for the ministry.
At the Ministry of Economy office in the Metaverse universe, citizens will be able to legally sign documents that require signatures. The Metaverse office will, in a word, work like an online notary. The ministry’s metaverse office will also host virtual meetings.
Omar bin Sultan Al Olama, the country’s minister for Digital Asset and Remote Work, said that the country’s Web3 and metaverse He said of his policies:
“The UAE’s goal is to quickly adapt to new technologies such as the metaverse, Web3. As a pioneer in these areas, we want to compete with the world’s largest economies.”
Dubai officials also talked about a new economic indicator during the panel. Statistical institutions will measure the value produced by metaverse and Web3 initiatives separately, apart from GDP.
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