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Dubai-based blockchain firms already contribute $500 million to the nationwide economic system. Now the Emirates plans to take a position extra within the metaverse and create 40,000 digital jobs beneath a brand new technique.
In accordance with Bloomberg, Dubai desires to interrupt into the world’s prime 10 metaverse economies. Launched by Sheikh Hamdan bin Mohammed, the so-called Dubai Metaverse Technique ought to add $4 billion to town’s GDP within the subsequent 5 years.
“Dubai is residence to over 1,000 firms working within the metaverse and blockchain sector, which contributes $500 million to our nationwide economic system,” Sheikh Hamdan mentioned on Twitter.
We launched the Dubai Metaverse Technique at this time, which goals to foster innovation in new expertise. Dubai is residence to over 1,000 firms working within the metaverse and blockchain sector, which contributes $500 million to our nationwide economic system. pic.twitter.com/J1XRmd2ub3
— Hamdan bin Mohammed (@HamdanMohammed) July 18, 2022
The federal government plans to extend the variety of metaverse and blockchain firms fivefold in 5 years. The technique additionally contains constructing infrastructure, creating safe platforms, implementing rules, and growing world requirements on this discipline.
“The technique emphasizes fostering expertise and investing in future capabilities by offering the mandatory help in metaverse schooling aimed toward builders, content material creators and customers of digital platforms within the metaverse group,” the state-run WAM information company mentioned.
Dubai’s largest firms have already joined the metaverse race. Earlier this 12 months, Emirates Airline introduced its intent to create the metaverse, whereas property developer Damac Group mentioned that it’s going to construct digital cities.
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