Sheikh Hamdan announces inaugural of Dubai Metaverse Assembly in September

Dubai will conduct an event focused on the metaverse, with international and local leaders attending to discuss the potential of ascending digital space.

Dubai will conduct an event focused on the metaverse, with international and local leaders attending to discuss the potential of ascending digital space.

The Crown Prince of Dubai, Sheikh Hamdan bin Mohammed, announced the inaugural of the Dubai Metaverse Assembly, which will take place on September 28 and 29 at the Museum of the Future and Emirates Tower.

Advertisement

The assembly will lure over 300 experts, policymakers, officials, and 40 organisations involved in the metaverse. More than 100 workshops will be hosted at this event.

Sheikh Hamdan stated, “The metaverse is a profitable digital world. We seek to harness this technology to improve the quality of life in the UAE and worldwide.”

The announcement of Sheikh Hamdan comes a day after revealing the Dubai Metaverse Strategy, which strives to make 40,000 jobs and add $4 billion to the economy of the UAE in the coming five years.

The metaverse is a digital space where people are represented by their avatars (three-dimensional likenesses) who can interact in the virtual world. It is part of the World Wide Web and is the next evolutionary step of the internet.

In May 2022, Dubai’s Virtual Assets Regulatory Authority (VARA), launched under the Dubai Virtual Asset Regulation Law, which was the first such law in the UAE, stated it had found its Metaverse HQ, making it the first regulator to have a presence in online space.

Advertisement

Sheikh Hamdan stated that the assembly “embodies the vision” that Sheikh Mohammed, Ruler of Dubai, has for the emirate to become a worldwide hub for innovation and futuristic transformations and an essential driver for digital and knowledge-based economies around the world”, said the statement.

The assembly will present reports, strategies, and action plans that lay out the way forward for maximising the effect of the metaverse on society in the virtual and real worlds.

Dubai is all set to harness this promising virtual world to become the fastest city to adopt its applications and welcome its potential, said Sheikh Hamdan in a tweet.

Tariq Saeed

Read More

Queen Elizabeth II dies at 96 at her Balmoral Castle, UK

Britain's longest reigning monarch, Queen Elizabeth II, lost her life at the age of 96 on September 8, 2022. She ruled for over 70 years.

Dubai Authorities Impound Over 220 Cars in Crackdown on Illegal Passenger Transport

The RTA impounded 90 cars during inspections at Dubai Airports (DXB) Terminals 1, 2, and 3, as part of coordinated efforts to ensure compliance with the emirate's passenger transport regulations

Saint Lucia: PM Philip J Pierre welcomes New Year

Philip J Pierre, The Prime Minister of Saint Lucia, while welcoming the new year of 2024, extended congratulations to citizens. He recalled the important memories of the previous year on this occasion.

Recent

UAE Central Bank Penalises Bank for Sharia Violations, Halts New Customer Onboarding for Six Months

The Central Bank stated that the violations relate to the Sharia Governance Framework, which mandates that Islamic financial institutions ensure their products and services comply with Islamic law

Dominica promotes eco-tourism through sustainable eco-lodges, resorts, villas

The nature isle of the Caribbean, Dominica, is becoming the most favoured destination for eco-tourism. The sustainable eco-lodges, villas and resorts are luring tourists from worldwide seeking an escape into the beautiful island.

New hospitality strategy to be launched to take “fly better” client promise to new heights

Emirates, which is known for its award-winning services and products, is establishing a new hospitality-based strategy that will take the client experiences that its team will provide in the air as well as ground and to new heights.
admin

Too Many Requests