Metarverse Holdings has unveiled Dubai and Abu Dhabi as the first global cities within a global metaverse launch. The Emirates will be the first ‘utilised’ hub within the first virtual world that replicates real-life experiences and places
The Government of Dubai recently formed the Higher Committee for Future Technology and Digital Economy to oversee the city’s push to become a leading global hub for metaverse technology adoption.
The environment will match authentic real-life events and locations, with a Beta version expected to
go live in the fourth quarter of 2022.
Users globally will be able to experience Dubai and Abu Dhabi’s greatest attractions and landmarks alongside real world utilities from the comfort of their homes – merging the physical and digital world.
According to Metarverse, following its Beta phase it will release further key locations across the Emirates with a focus ‘on creating virtual spaces that are visually, topographically, and geometrically scaled to recreate the most realistic feeling in the Dubai and Abu Dhabi metaverse, with space for endless, interconnected virtual communities using virtual reality (VR) headsets, augmented reality (AR) glasses, smartphone apps and other devices.
Unlike other VR applications that create small scale, digital fantasy worlds, the new platform is bringing a complete metaverse with full device compatibility and is designed to stream quickly. Users can find synergy between their needs and the platform that encompasses NFT’s blockchain trading, functionality to shop and view products in the biggest retail stores, buy advertising space in the virtual city, attend simulated lectures, register for licences and government issued documentation and more.
Priven Reddy, CEO of Dubai-based Metarverse Holdings, said: “After carefully examining other leading regions, the decision was made for Dubai and Abu Dhabi to be the very first simulated cities within our new metaverse.
“We believe that Dubai is at the forefront of innovation and digital transformation, driven by the mission
and vision of HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President of the UAE and Ruler of
Dubai and HH Sheikh Hamdan bin Mohammed Al Maktoum, Crown Prince of Dubai.”
Afdal Baig, strategy partner at Metarverse Holdings suggests the new platform will link both the mission of the UAE Government with the opportunity to utilise the key focus areas of real estate, education, tourist attractions, retail, government services healthcare and professional services.
“The visionary UAE Government acts in a way that is both admired and marvelled by the global
community, said Baig. “We believe that this new platform will help the anticipated $4billion market in the Emirates expand since it is at the cutting edge of technology and embraces the true possibilities of Web 3.0 as a benefit for not just economic progress but also that of society as a whole. We can help launch a
movement that will revolutionise how we live.”
Metarverse has also revealed Qatar and the Kingdom of Saudi Arabia as potential candidates for its next virtual nations after the UAE launch.