The Dubai Metaverse Strategy- EXPLAINED. Will it boost the digital economy? | News Bharat

The new phase of Dubai’s Metaverse strategy has been approved by Dubai’s Crown Prince and Chairman of Dubai’s Higher Committee for Future Technological Development and Digital Economy, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum. The Strategy is expected to improve the digital economy, as well as take steps to facilitate the use of new technologies and the metaverse in the future.

The strategy was launched a few months ago in July 2022.

It seems as if Sheikh Hamdan was convinced by the Committee’s view. “Through this Committee, we seek to develop a new model for the development of futuristic technology and sciences with a special focus on digital technologies and the metaverse as part of our broader strategy to promote growth and innovation digital and achieve the goals of the Dubai Metaverse. Strategy,” he said.

The Metaverse – EXPLAINED!

Have you ever wondered where the word “metaverse” was used? Neal Stephenson, a notable science fiction author, first used the term in 1992.

Metaverse is the next version of the Internet that focuses on social connections. The futuristic digital world will allow people to make use of their digital avatars and enter a virtual version of reality.

It is nothing more than a digital stimulation of the real world. It provides space for better user interaction through social media, virtual reality (VR), augmented reality (AR) and blockchain concepts.

Goal of the Dubai Metaverse Strategy!

Dubai’s metaverse strategy aims to build the Emirate as a global hub dedicated to the metaverse community and one of the top ten metaverse economies worldwide.

It focuses on fostering Dubai’s success in attracting around 1,000 blockchain and metaverse companies.

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