Metaverse

Though the metaverse is currently linked with arts, sportswear, real estate, and fashion retail, other businesses, such as healthcare, are making modest efforts to create a presence in the fast-developing virtual reality.
First-of-its-kind Metaverse-as-a-service business chooses the UAE as its home

Though the metaverse is currently linked with arts, sportswear, real estate, and fashion retail, other…

In order to create its first game metaverse, Dubai-based technology startup Rekt Studios has acquired $1.5 million in a new investment round from blockchain and Web3 venture capital firm Cypher Capital. The project, dubbed Unseen, would enable developers to create games, experiences, metaverse structures, and digital assets, the business announced on Thursday.
Dubai-based Rekt Studios raises $1.5m to fund gaming metaverse plans

In order to create its first game metaverse, Dubai-based technology startup Rekt Studios has acquired…

For its recently opened "Future of the digital economy: business in the metaverse" school, the Dubai Chamber of Digital Economy, one of three chambers operating under the umbrella of Dubai Chambers, got 153 applications from 27 different nations. The specialized training program, which was unveiled last month in cooperation with the SEE Institute in Dubai, is intended to give digital start-ups the skills and resources they need to create and succeed in the metaverse.
Dubai Chamber of Digital Economy’s metaverse academy receives more than 150 applications

For its recently opened “Future of the digital economy: business in the metaverse” school, the…

The world's first service to host mediation in the metaverse has been launched, according to the ADGM Arbitration Centre. This service will immediately transform the court-annexed mediation program run by ADGM Courts into the next-generation method of mediation, revolutionizing the delivery of mediation throughout the world.
ADGM launches ‘Mediation in the Metaverse’

The world’s first service to host mediation in the metaverse has been launched, according to…

Funding activity for the sector nearly doubled in 2021, with those in the Middle East and North Africa region alone raising almost $1 billion, which is a 78 per cent increase from 2020, FinTech Hive said in its annual report.
Dubai’s Fintech Hive to host disruptive startups funding event in the metaverse

The annual Investor Day of FinTech Hive, the start-up accelerator supported by the Dubai International…

According to research, about $2 billion has been spent on virtual land in the last 12 months as individuals and businesses compete to establish themselves in the metaverse. But it will be years before the metaverse becomes a single virtual reality environment where people may live, work, and play. Is the land grab essentially a massive gamble? The avatar created by artist Angie Taylor does not resemble the traditional land tycoon thanks to her enormous dark red mohican and perpetual cigarette. She belongs to a growing group of people, nevertheless, who are laying claim to brand-new virtual worlds.
$2bn spent on buying lands in the metaverse, research shows

According to research, about $2 billion has been spent on virtual land in the last…

The Miami-based Metapolis, which bills itself as the world's first "metaverse-as-a-service" (MaaS) venture - a la SaaS for web2 companies - is set to make an entry with its ambitious plans to support businesses from all industries in the virtual world. The UAE is poised to witness the next stage in metaverse development.
First of its kind Metaverse-as-a-service business chooses the UAE as home

The Miami-based Metapolis, which bills itself as the world’s first “metaverse-as-a-service” (MaaS) venture – a…