In order to discuss strategy for blockchain and virtual assets in alignment with the Emirates’ economic strategy, the Abu Dhabi Blockchain and Virtual Assets Committee (ADBVAC) held its first meeting under the leadership of H.E. Mohamed Ali Al Shorafa, chairman of the Abu Dhabi Department of Economic Development (ADDED) and chairman of the Securities and Commodities Authority (SCA).

Dubai Future Foundation (DFF) has launched the Dubai Research and Development (R&D) programme to support key economic sectors and create new opportunities for growth by providing a comprehensive framework for research, development and innovation across the emirate.

Technology has dug its roots deep into the foundations of the sustainable existence of both modern enterprises and individuals. It has evolved to be indispensable for most of us by essentially catapulting our customer experience radically in various transactions. One current example can be seen in the growing trend of using cashless payments made across borders to buy real estate virtually. Gone are the days when one had to board a plane and physically reach a location to buy property. We’ve charted a new world, and such experiences will only evolve further with emerging technologies entering our digital mainstream. 

A McKinsey report entitled “Value Creation in the Metaverse” states that the market value for the metaverse is expected to touch $5 trillion by 2030 – equivalent to the size of the world’s third-largest economy, Japan.

The Museum of the Future presented Dubai’s vision of tomorrow in its inaugural participation at the 26th International Trade Show for Museums (SITEM), held at the iconic Louvre Museum in Paris.

It seems like cities' continued growth and success are one of the great triumphs of modern civilization, with the future of design becoming virtual and driven by data.

Keeping its momentum to establish Dubai as a global digital economic hub, the Dubai Government has formed the Higher Committee for Future Technology and Digital Economy to help shape the future of artificial intelligence (AI) by investing in the metaverse and establishing partnerships to boost Dubai’s digital economy. The development follows the recent launch of the Dubai Government’s metaverse strategy.