Dubai plans road map to reach $15 trillion mark, hosts metaverse assembly this week

SNEAK PEEK

  • Over 300 international professionals and more than 40 organizations with a focus on the metaverse are anticipated to attend the Dubai Metaverse Assembly, which is scheduled for September 28–29.
  • What important technology and private sector companies should do would be discussed at the event.
  • Keep in mind that Dubai aims to be one of the top ten economies in the metaverse and act as a hub for the community on a global scale.

Dubai Future Foundation (DFF) will host the Dubai Metaverse Assembly on September 28 and 29, at the Museum of the Future and AREA 2071, under the patronage of Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Executive Council, and Chairman of the Board of Trustees of the DFF.

Over 40 organizations with a focus on applications for the metaverse and virtual worlds will attend the first-of-its-kind regional event, which will be attended by 300 international specialists.

The main event, one of the largest specialized events in the area, will examine the digital economy and determine how governments, companies, and communities may tap into the infinite potential of the metaverse to build a more ambitious future.

To overcome obstacles and develop the metaverse industry to reach the $30 trillion mark in 15 years, Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Teleworking Applications, and deputy managing director of DFF, said the event would address what major technology and private sector companies should do.

According to Al Olama, the main event will examine the digital economy and show how corporations, governments, and communities may tap into the metaverse’s limitless potential to forge a more daring future.

Note that Dubai wants to rank among the top ten economies in the metaverse and serve as a worldwide hub for the community. The goal of the Dubai Metaverse Strategy is to capitalize on the success of the emirate in luring over 1,000 businesses to the blockchain and metaverse industries.

30 local and worldwide professionals, including experts in virtual education, e-commerce, medical, art, gaming, events, NFTs, and other digital assets, will talk over the course of the two-day conference.

Speakers from illustrious international organizations like Meta, Binance, Mastercard, The Sandbox, Bedu, PwC, Accenture, and BCG Digital Ventures will also be present at the event.

In addition, Mastercard Labs will offer a discussion on how the metaverse is being shaped by commerce, finance, and gaming and how it will coexist with the real world.