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    You are at:Home » Dubai Metaverse Strategy For Businesses: 2023
    Business

    Dubai Metaverse Strategy For Businesses: 2023

    Dubai Metaverse Strategy 2023
    rick johnsonBy rick johnsonDecember 12, 2022No Comments4 Mins Read
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    Sheikh Hamdan bin Mohammed, Crown Prince of Dubai is at the forefront of the Dubai Metaverse Strategy. An initiative which aims to make Dubai among the top 10 economic cities globally.

    Along with Dubai, other emirates in the UAE have taken steps to include the metaverse. Its related strategies are in business, society, and community. Metaverse is set to revamp the country’s economy and increase the GDP. 

    Strategic projects involving cooperation with business sector participants and events aiming at making the emirate a hub for regional and worldwide metaverse-related events are also part of the aims.

    The initiative is to capitalize on Dubai’s success in attracting 1,000+ blockchain and metaverse startups. It also highlights Dubai’s goal of supporting over 40,000 virtual jobs by 2030.

    The Dubai Metaverse Strategy aims to achieve the following goals:

    • Encourage innovation in businesses and increase the economic contributions of the metaverse through R&D collaborations.
    • Develop advanced ecosystems through accelerators and incubators that attract firms and projects to Dubai
    • Foster talent and invest in future capabilities by providing necessary support in metaverse education (for metaverse developers, content creators, and users of digital platforms in the metaverse community
    • Develop Web3 technology and its applications to create new governmental work models and development in critical sectors such as tourism, education, retail, remote work, healthcare, and the legal sector

    The strategy aims to support up to 40,000 more virtual jobs and produce up to $4 billion in GDP for the city by 2030. These occupations will primarily be in augmented and virtual reality.

    Khalfan Belhoul, CEO of Dubai Future Foundation (DFF), highlighted how the metaverse would most certainly permeate every sector in some capacity in the coming years, with a business opportunity estimated to be worth more than $1 trillion in yearly profits.

    The core values of the strategy are as follows:

    • Extended reality 

    We are offering a perfect blend of both the virtual and the real world.

    • Digital twins 

    This is a digital representation of the real-world product, such as simulation, integration, testing, monitoring, and maintenance. 

    • Augmented reality (AR)

    AR is a mixed-reality experience that blends real-world and computer-generated content. The material may include visual, aural, and other sensory modalities.

    • Virtual reality (VR)

    A simulated and immersive experience in the virtual world. Virtual reality functions include entertainment, education, and business.

    • Mixed reality

    Similar to Augmented Reality (AR), it integrates the physical and virtual worlds. Objects and avatars can co-exist in this space and interact in real time. 

    As an emerging space, the metaverse is people can engage, enjoy and conduct business activities in virtual worlds using avatars. It is a component of Web3, the internet’s next evolutionary stage. It includes blockchain, decentralization, and increased user utility as fundamental components.

    The Dubai Metaverse Strategy intends to improve human thinking processes by harnessing real-time data. Its utilizes machine learning and IoT and utilizing AI simulation, and blockchain.

    Setting up in the metaverse comes with its many benefits, including:


    – Better collaboration and content creation
    – More accurate representations of the real world
    – Access to unattainable or hard to reach experiences
    – Untaps better networking and social activities and events between individuals and teams

    Other pillars include encouraging a full 5G network rollout to enable edge computing and supply on-demand computer system resources. 

    In line with the latest strategy and the aim to expand the current job market, entrepreneurs and foreign investors seeking to tap into the metaverse community can apply for a metaverse business license. To ensure you understand the rules, regulations, and framework of obtaining the license and conducting operations in the metaverse community, you can seek expert assistance. PRO experts can guide you through the entire process and do the necessary work for you. 

    Earlier in November, the Dubai Chamber of Digital Economy received 153 applications from 27 countries for the “Future of the digital economy: business in the metaverse” academy, which is newly launched.

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    Oliver James is a UK-based professional blogger, content writer, and content marketer who writes about travel and tourism, finance, real estate, and other topics on his blog. Passionate about writing, traveling, and getting the best deal on everything he buys, Oliver also writes for customers and helps them publicize their products, and services in the US and UK markets. He is a traveler who has visited over 35 countries and loves his job because it gives him the opportunity to find stories, experiences, and places which he can share with his readers. Oliver James is a professional blogger, content marketer, traveler, and electronics enthusiast. He started blogging in 2016 and has become a contributing writer for several blogs, including Android Authority and Elecpros. Oliver has also published his own informational books with Kindle Direct Publishing on subjects like Flappy Bird and Google Cardboard. Also Read: > all inclusive holidays > Lumber Takeoff Services We are Content Writing Agency Australia. We are a team of creative writers, passionate storytellers, and dedicated content creators committed to producing high-quality written pieces that capture your business’s unique voice. Our mission is to provide engaging, meaningful content that resonates with your target audience and helps you reach your goals. Tech Articles Sample: macOS Ventura | Sony Xperia 1 IV | iPhone 14 VS iPhone 14 Pro | iPhone 13 VS iPhone 14 Educational Articles Sample: Radio communication protocols | Create computer software | Difference between Deep web & Dark web | Difference between software & an app | Blackboard DCCCD Sport Articles Sample: Carrom History | Swimming History | Arnis History | Dog Surfing History | Extreme Ironing History | Sepak Takraw History Kate Johnson is a content writer, who has worked for various websites and has a keen interest in Online Signals Report and Stock portfolio generator. She is also a college graduate who has a B.A in Journalism. Read More: Fin Scientists >> Read More: Stocks Signals Mobile App >> Read More: Crypto Signals >> Read More: Crypto Trade Signals App >> Read More: Trade Signal Buy and Sell

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