Metaverse

A study conducted by Meta Platforms, the parent company of Facebook, suggests that the adoption of Metaverse technologies could potentially contribute a combined $55 billion to the economies of Saudi Arabia and the UAE by 2035. The report, conducted by Deloitte, indicates that the kingdom could benefit up to $38.1 billion, while the UAE could see gains of $16.7 billion. The minimum projected impact stands at $20.2 billion for Saudi Arabia and $8.8 billion for the UAE. The study also highlights the anticipated impact of the Metaverse on other MENA markets, such as Egypt, Morocco, and Jordan.
Metaverse: A $55bn boost to Saudi Arabia and UAE economies by 2035

A study conducted by Meta Platforms, the parent company of Facebook, suggests that the adoption…

The rapidly evolving digital world has made it challenging for businesses to keep up with changing dynamics due to constant technological revolutions. To stay ahead of the curve, digital marketing has become critical, and Web 3.0 and the Metaverse play a significant role in this journey.
Are Web 3.0 and Metaverse creating a better work ecosystem?

The rapidly evolving digital world has made it challenging for businesses to keep up with…

Dubai Customs recently made an announcement about their new plan to integrate the metaverse into their leadership training programs. This training program is designed to provide customs officials with a better understanding of the Metaverse and help them perform their duties virtually in a more efficient and cost-effective manner.
Dubai trains customs officials in the Metaverse

Dubai Customs recently made an announcement about their new plan to integrate the metaverse into…

The Dubai International Arbitration Centre (DIAC) has recently launched a new Metaverse for dispute resolution, making it the first international arbitration centre in the world to introduce such technology. The Metaverse offers a virtual reality space where parties involved in a dispute can participate in the arbitration process from anywhere in the world. This innovative technology has been developed with the aim of making arbitration more sustainable and eco-friendly by eliminating the need for physical transportation.
Dubai introduces the metaverse for dispute resolution

The Dubai International Arbitration Centre (DIAC) has recently launched a new Metaverse for dispute resolution,…

DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – has signed two Memoranda of Understanding (MoUs) with key South Korean entities in the blockchain and metaverse fields as it seeks to expand Dubai’s leading position as a hub for Web3 businesses from across the world.
DMCC forms partnerships with prominent entities in South Korea’s blockchain and metaverse industries

DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade…

Using the metaverse, digital twins, and conversational AI in government organizations can lead to increased collaboration and innovation. The metaverse can encourage new types of collaboration and problem-solving by creating a virtual environment where citizens, government officials, and other stakeholders can gather. Furthermore, giving government personnel access to digital twins and conversational AI allows them to get fresh insights and perspectives, resulting in more imaginative and successful solutions.
The Metaverse, Digital Twins, and Conversational AI’s Role in Building Future-Ready Government Organizations

The concept of a metaverse, digital twins, and conversational AI can play an essential role…

Bitcoin investors are continuously looking for fresh ideas that will make them money in the future. With metaverse coins such as Gala (GALA) and The Sandbox (SAND) still awaiting widespread adoption, commentators have turned their attention to a forthcoming presale that might represent the future of trade - TMS Network (TMSN)! Continue reading to find out what makes this presale special!
Gala (GALA) To Sponsor A Dubai Workshop, The Sandbox (SAND) Collaborates With Toei Animation And TMS Network (TMSN) Predicted To Dominate The Trading Industry

Bitcoin investors are continuously looking for fresh ideas that will make them money in the…

At the 12th Regional Intellectual Property Crime Conference for the Middle East and North Africa, held in Dubai, experts highlighted the need for proper legislation to govern intellectual property rights in the virtual world, specifically in the metaverse. The conference emphasized that companies should prioritize protecting their trademarks and unique assets in the metaverse, to safeguard their intellectual property.
UAE to explore strategies for regulating the negative aspects of the metaverse

At the 12th Regional Intellectual Property Crime Conference for the Middle East and North Africa,…

Tencent Holdings, the Chinese tech giant and the world's largest video game publisher are abandoning plans to enter the virtual reality hardware market due to financial pressures and reduced economic expectations. The company has reportedly been cutting costs and headcount at its metaverse unit, which it launched last year with plans to build both virtual reality software and hardware through an "extended reality" (XR) unit. The XR unit hired nearly 300 people, but Tencent has decided to abandon its hardware push due to difficulties in achieving profitability and the high costs involved in producing a competitive product.
Tencent abandons plans to enter VR market

Tencent Holdings, the Chinese tech giant and the world’s largest video game publisher are abandoning…

The Secretary General of Interpol, Jurgen Stock, has announced that the organization is actively exploring the possibility of policing crime in the metaverse, the widely-discussed concept of an online space where people are represented by 3D avatars. Recognizing that criminals can be quick to adapt to new technologies, Stock believes that it is important for Interpol to not fall behind. To this end, Interpol has created its own virtual reality space where users can attend virtual meetings and receive training.
Interpol working out how to police the metaverse

The Secretary General of Interpol, Jurgen Stock, has announced that the organization is actively exploring…