Metaverse is an innovative technology that has the potential to change the world. The Metaverse allows businesses to create digital experiences that immerse them in a virtual world. However, Metaverse can be more than a gaming platform. Businesses can use it to sell their products as well as interact with customers
These are new ways for companies to collaborate and communicate. This allows them to create businesses that look like the real thing. The Metaverse is used in all industries, including creating virtual conferencing spaces and a VR-enabled clothing shop.
Dubai: A leader in the web3 space
Dubai is a leader in the leverage of the $30 trillion market. This is thanks to the Prince’s Metaverse strategy. The government of Dubai hopes to create more than 40,000 jobs through this strategy. Additionally, the strategy will generate $4 billion in economic revenue by 2030.
With several Web3 companies opening offices in Dubai, the foundation is already set. Binance, FTX and Kraken are some of the industry’s most prominent names.
These web3 companies have started operations in the country. They will be providing their services to the MENA region as well as worldwide. The metaverse strategy’s ultimate goal is to increase the metaverse’s contribution to the country to the point that it contributes 1% of its GDP.
Over 1000 companies in the blockchain and metaverse sector contribute more than $500 million annually to the economy. Meta, one the most prominent organisations in the industry, has a strategy to expand the metaverse universe.
Dubai also plans to create a virtual twin city, one human reality, in the virtual world. This will bring tremendous opportunities for the industry. Dubai Municipality created the digital twin city plan and it was revealed at World Government Summit. The computer-generated environments of the twin city will be used.
It will include elements of virtual reality, augmented reality and social media. People can interact with their avatars in this city.
Dawood Abdul Rahman, the director-general at Dubai Municipality, stated that the city is “One Human Reality”. He said, “One Human Reality, or the integration point between two worlds.” The metaverse and the current world we live in together. “The metaverse is closer to reality today than we ever imagined.”
Dubai’s metaverse strategy focuses on five pillars. Government adoption of metaverse tech, talent development, innovation, and a strong focus on innovation.
Building businesses across the metaverse| Building businesses in the metaverse
Exgoland is a metaverse-enabled platform that was built on the Solana Blockchain. Exgoland, one of the movers in the MENA industry, is creating a platform for businesses to explore the digital marketplace, gaming and other assets.
Exgoland, a metaverse space, offers a variety of unique features and functionalities that are designed to solve a number of problems. These features will enable business owners to create, own and manage businesses in the Metaverse.
Metaverse users can purchase land and construct businesses on their property. The land can also be rented out. There are three sizes of land available, and smart contracts allow them to execute them. Users can also create land on the platform.
Exgoland’s members will interact using high-quality, visually appealing interfaces. This is done to offer the Metaverse experience to all. Metaverse businesses will enjoy lower transaction costs, faster speeds, and greater security.
Exgo Development with Dubai’s Metaverse Strategy
EXGO is a web3.0 business that provides solutions and services to businesses. Exgo’s strategy aligns with Dubai’s metaverse strategy as it seeks to be a leader in metaverse tech in the MENA region. Exgo hopes to be a key player in realising these technology’s potential, as the government’s strategy evolves.
Deepak Jain, an independent blockchain publicist, is
