Metarverse Holdings Announces Dubai and Abu Dhabi as First World Cities in Metaverse Global Launch

The Higher Committee for Future Technology and the Digital Economy, which will oversee Dubai’s efforts to establish itself as a major global hub for metaverse technology adoption, was recently created by the Dubai government. As a result of this announcement, Metarverse Holdings has chosen Dubai. and Abu Dhabi as the first cities to be released as part of their global Metaverse release. Its state-of-the-art virtual environment will match authentic real-life events and locations, with a Beta version expected to launch in Q4 2022 and globally available soon after.

Users from around the world will be able to experience Dubai and Abu Dhabi’s biggest attractions and landmarks along with real-world public services from the comfort of their homes, merging the physical and digital worlds.

The new platform features an entire metaverse based on real-world utilities with full multi-device interoperability and is intended to stream quickly, in contrast to today’s virtual reality applications that build digital fantasy worlds on a small scale. Users can find synergy between their needs and the platform that encompasses NFT’s blockchain technology. This will include the functionality to browse and shop at the largest retail stores and brands, purchase advertising space in the virtual city, attend mock conferences, along with the ability to apply for resident visas, business licenses and more.

“After careful consideration of other leading regions, the decision was made that Dubai and Abu Dhabi would be the first simulated cities within our new metaverse.”, said Priven Reddy, CEO of Dubai-based Metarverse Holdings.

“We believe that Dubai is at the forefront of innovation and digital transformation, driven by the mission and vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President of the United Arab Emirates and Ruler of Dubai and His Highness Sheikh Hamdan bin Mohammed Al Maktoum, Crown Prince of Dubai.

This vision establishes the UAE as a pioneer in the adoption of innovative concepts and disruptive economic and technical models, so there was only one place to debut. People from all over the world are fascinated with the continuous evolution of the UAE. Globally, people are fascinated by the rise of the Emirates and their constant look to the future.

In order to be the most advanced metaverse available in a market that is expected to reach $1 trillion worth of annual revenue within the next 6-8 years (PwC, 2022)”, Metarverse Holdings is committing AED 200 million to the project with the new platform.

Karyn Naidoo of Zengary, Strategy Consultant at MetarverseHoldingsHe says “Following the upcoming Beta release, we will release more key locations in the Emirates with a focus on creating visually, topographically and geometrically scaled virtual spaces to recreate the most realistic feel in the Dubai and Abu Dhabi metaverse, with space for Communities endless, interconnected virtual reality using virtual reality (VR) headsets, augmented reality (AR) goggles, smartphone apps, and other devices. We may investigate Qatar and the Kingdom of Saudi Arabia as potential candidates for our next virtual nations after the launch of the UAE.

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As the UAE government is also doing its best to advance the adoption of blockchain technology, digital assets, and the metaverse across the region, afdalbaig, strategic partnerametarverse holdings believes this new platform will link the UAE government’s mission with the opportunity to utilize the key focus areas of real estate, education, tourist attractions, retail, government services, healthcare and professional services.

The visionary Government of the UAE acts in a way that is both admired and amazed by the world community. We believe that this new platform will help expand the anticipated $4 billion market in the Emirates as it is at the forefront of technology and embraces the true possibilities of Web 3.0 as a benefit not only to economic progress but also to society in general. . We can help launch a movement that will revolutionize the way we live today by creating this world first and showcasing Dubai and Abu Dhabi at their best.” According to Afdal.

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