The metaverse is primed for explosive growth but it is still in its early stages, a Bain & Company report finds
metaverse investment
Latest in metaverse investment
Everdome
Dubai’s Everdome launches first in-world game experience for NFT owners
Everdome Genesis Collection NFT holders and Land NFT holders were granted access to this exclusive Moon Exploration game for 24 hours
DIFC
Dubai metaverse platform launched by DIFC amid $4bn tech push
Dubai International Financial Centre launches DIFC Metaverse Platform
Dubai Racing Club
Dubai Racing Club to bring the excitement of thoroughbred racing to metaverse
The club announces the launch of Dubai Verse Cup from 15 January; It will be powered by the real world of thoroughbred racing
Chalhoub Group
Luxury metaverse retail to hit $50bn by 2030, says report
The report, which surveyed 1,600 consumers across the GCC, showed “elevated levels of awareness” when comes to crypto, non-fungible tokens (NFTs) and the metaverse
Everdome
Dubai-based Everdome to see first rocket launch in the metaverse
The rocket is scheduled for launch at 5 PM on Wednesday and will be streamed on YouTube
DEWA in Metaverse
Sheikh Hamdan calls for Dubai to become top global metaverse hub, creating 40,000 jobs, ‘endless’ possibilities
Sheikh Hamdan approved the new phase of the Dubai Metaverse Strategy, which will implement measures to empower the use of the metaverse and future technologies
Facebook
Brands need to engage with the Metaverse and NFT or risk losing to competition
Brands need a view on future technology but not at the expense of digital transformation and consumer needs today
Everdome
Dubai-based Everdome announces first rocket launch in the metaverse
The launch will be streamed by Everdome via YouTube
digital art
World’s first metaverse-as-a-service launches NFT museums, galleries and crowdfunding offers
The Rare Antiquities (TRAT) bridges the gap between real world art and digital art by making high valued fine art and antiquities accessible through NFTs
blockchain venture
UAE metaverse sector gets flashy with entry of fashion startups like The Rebels
For young designers, metaverse is billed as a once-in-a-generation opportunity to break into the global fashion industry without having to secure millions in funding, building supply and production chains
Cybersickness
Cybersickness could be fatal to the metaverse: Experts
Cybersickness, which is a “common user problem” today, could raise physical and mental health concerns in the future, experts told Arabian Business
5G
e& steps into the metaverse in major fashion at this week’s Gitex
At the World Trade Centre, the UAE telecom provider will announce its ‘e& universe’; the company will also showcase the Metaverse Service and Etisalat by e&’s business centre
DEWA
DEWA becomes first government entity to launch in the metaverse
Dubai Electricity and Water Authority’s (DEWA) ‘DEWAVerse’ will extend its services to customers, employees and society in the metaverse
Crown Prince of Dubai
Dubai to become a global metaverse hub: Everything you need to know about Sheikh Hamdan’s strategy
Sheikh Hamdan’s metaverse strategy to take advantage of a $30 trillion market opportunity explained, along with latest metaverse trends
Dubai Metaverse Assembly
Major announcements by leading companies at the Dubai Metaverse Assembly
Announcements were made by Emirates, the ambassador of Barbados, Polygon and other leading industry experts
DP World
DP World to use metaverse technology to solve supply chain challenges and expand reach
Use of the technology will provide full visibility to take corrective actions in case of logistic bottlenecks