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Success at Dubai Metaverse Assembly as Big Tech Showcases Projects | Fintech time

The Dubai Metaverse Assembly will make a return in 2023 after this year’s flagship event welcomed over 600 tech industry experts, attended 25 main and side sessions, and hosted 30 speakers and 40 tech companies.

The two-day event is the first event after the approval of the Dubai Metaverse strategy by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum in July.

The strategy aims to add $4 billion to Dubai’s GDP, support 40,000 virtual jobs by 2030 and attract 1,000 companies specializing in blockchain and metaverse technologies to make Dubai a top 10 economy metaverses in the world.

The Assembly, hosted at the Museum of the Future and AREA 2071 Emirates Tower by the Dubai Future Foundation (DFF)also attracted 40,000 virtual attendees.

Speakers highlighted the most important trends associated with the design and construction of virtual worlds of the mstanchions worlds, as well as virtual training and education, e-commerce, virtual medical technology, arts, electronic games, organization of events and conferences in the metaverseand digital assets such as non-fungible tokens (NFTs).

New initiatives

At the Assembly, Microsoft, Binance, Bedu, MetaAccenture, MasterCard and Metamall revealed how digital worlds have the power to shape existing and emerging industries, such as art, health, education, gaming, space tourism and more.

The event also saw the introduction of over 15 initiatives and strategies, including:

  • Gabriel Abed, Barbados’ ambassador to the United Arab Emirates has revealed that the island nation is entering the metaverse with a new virtual embassy.
  • Dubai-based cryptocurrency platform Polygon announced plans to help decentralized tech companies go green and deliver energy-efficient and carbon-neutral experiences in the metaverse.
  • Airline company Emirates revealed plans to allow millions of people to enjoy its in-flight hospitality virtually. It also plans to hire 4,000 cabin crew by mid-2023 and train them in the Metaverse.

The Assembly of the Dubai Metaverse an event will return on October 11 and 12, 2023 bringing a “bigger, more immersive experience.”

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