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WebsCrypto—News—NFT News—Dubai Forms Committee Focused On Developing Metaverse
NFT News

Dubai Forms Committee Focused On Developing Metaverse

By WebsCryptoMay 22, 2022
Dubai Forms Committee Focused On Developing Metaverse
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Dubai has formed a committee to track the latest developments in the digital economy, which is also expected to support Dubai’s rulers’ efforts to make Dubai a key city in a virtual world.

Sheikh Hamdan, chairman of the Dubai Executive Council (DEC), revealed that the council’s working group is already studying the key pillars and objectives of the Dubai Metaverse Strategy.

According to a report, the strategy aims to “raise the contribution of the virtual world sector to Dubai’s economy to $4 billion by 2030”. The report also said that Dubai’s rulers want to increase the virtual world’s contribution to Dubai’s gross domestic product (GDP) to 1 percent.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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