The adoption of Metaverse-related technologies is increasing daily; to add to its popularity, the Crown Prince of Dubai has come forward with its plan to make Dubai an epicentre of Metaverse innovation.
The news has come when the entire blockchain industry faces a severe lack of liquidity due to lasting bearish market sentiments.
The declarations came from Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum who also holds the chairmanship of The Executive Council of Dubai and Dubai’s Higher Committee of Future Technology Development and Digital Economy.
In this article, CoinGabbar is going to share the details of the measures that the Dubai administration is willing to implement in the times to come. Read the article till the end to understand what these declarations mean for the Web 3.0 community.
How Dubai Will Become a Metaverse Hub
Dubai, the city of Gold and the crossroads of the blockchain revolution, has everything it would take to make it a hub for Metaverse and related technologies. Sheikh Hamdan has proposed a holistic 100-day plan for the development of a digital economy by coordinating different government departments. Sheikh Hamdan is known for its futuristic approach and bullish approach toward the Web 3.0 ecosystem.
Shiekh Hamdan while declaring his plan, said, “Through this Committee, we seek to develop a new model for the development of technology and futuristic sciences with a special focus on digital technologies and the metaverse as part of our broader strategy to promote digital growth and innovation and achieve the goals of the Dubai Metaverse Strategy,”