The Future of the Digital Economy: Business in the Metaverse Academy is a first-of-its-kind specialized training program created to give digital startups the skills and resources they need to build in the metaverse and take advantage of Web3.
The academy was launched by the Dubai Chamber of Digital Economy, one of three chambers operating under Dubai Chambers, in collaboration with the SEE Institute.
A total of 30 businesses from Dubai and other markets will be selected to join the training academy, which utilises Virtual Reality (VR), Augmented Reality (AR), and Extended reality (XR) technologies to help participants experience and understand the dynamics of business in the metaverse.
During the training, participants will go through four sessions covering the core principles of Web3, its history and roots and case studies of Web3 business strategies that have succeeded and failed. In addition, sessions will look at the value of non-fungible tokens (NFTs) as a new way of communication between brands and customers and how to manage expectations of different blockchains.
Upon completion of the programme, participants will benefit from mentorship support in Dubai, and gain access to a free sustainable co-working space, while they will also have the opportunity to share their success stories with an audience at Dubai Chamber of Digital Economy’s biggest events in 2023.
Khalid Al Jarwan, Executive Director of Dubai Chamber of Digital Economy, said that the training academy aligns with the Chamber’s strategy to support the growth of the digital economy sector, attract high-potential digital companies to Dubai and cement the emirate’s position as a preferred digital economy hub.
Al Jarwan highlighted the importance of meeting the changing needs of the business community in Dubai, especially given the rapid pace at which advanced technologies are reshaping the world of business.
He urged companies in Dubai to stay informed of new developments related to Web3 and the metaverse and learn how to use these channels to expand their businesses and connect with potential customers.
According to Dr. Jasmina Locke, CEO of the SEE Institute, “Organizations are progressively becoming part of the metaverse by employing blockchain, NFTs, cloud technologies, and more. This has produced a big upheaval to business paradigms both inside the UAE and abroad. Our digital economy has undergone change as a result of the realities of a hybrid world.
Before October 31st, eligible digital companies can submit an application for the training program, which will take place from December 5–14, 2022.
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