Dubai presents Metaverse strategy: he plans to become a global center for NFTS
Dubai has published a Metasse Policy Document that contains strategies to establish the Emirate as a worldwide recognized center of emerging technologies of metal and Oter. The launch was announced in a tweet For Sheikh Hamdan Bin Mohammed, the heir prince of Dubai. Among other objectives, the strategy is expected to fall more than $ 4 billion in Dubai’s economy.
Key characteristics of the strategy
The Dubai government launched five critical pillars of its duration of Metasse During, the Twitter announcement of the heir prince. Key pillars include adopting safe goals, developing world class infrastructure, promoting metal innovation in the territory of Dubai, improving talent related to the goals to the training and development of metastación for its use.
Based on the White Metaille book that the Dubai government launched, there are other critical characteristics of the Metaillese strategy. One of those key features is the creation of a chain goal. The chain goal is intended to be the primary infrastructure that admits metal transactions within Dubai. The chain goal will work as a decentralized public chain that allows digital asset trade. The chain will also provide opportunities for developers to create decentralized applications.
In addition, the technical document establishes that the economy of Dubai Metasse is divided into three levels. The levels include the geometric land, which is composed of digital representations of the territory of Dubai, and the NFT land, that the users of titles to buy and develop virtual land with NFT. The last level is the virtual business that WAT allows business owners to establish virtual stores and sell virtual goods.
The chain target will be operated as a decentralized autonomous organization (DAO) that allows users to vote on chain administration. This form of governance will be achieved by the governance tokens called tokes. The Token goal will feed all transactions related to goals in the goal chain and provide users with voting power. This power allows users to vote on crucial decisions about the chain target and the general economy of Metasse Dubai.
Projected benefits
According to the Dubai government, the Metorverse strategy is expected to position Dubai as a global center for emerging technologies such as Metavern. It is also projected that the strategy increases the number of Blockchain companies and met 500% in five years. The strategy is also expected to fall $ 4 billion in Dubai’s economy and create around 4,000 jobs in five years. More importantly, the Dubai government has projected that Metavernse’s strategy will place the Emirate among the ten main cities of Metaverse in the world. The Dubai government revealed thesis projections in the official Twitter announcement.
Conclusion
The world is quickly moving towards the fourth industrial revolution. The Dubai government projects that the recently published Meta -Vairy strategy will help the Emirate become an active player in the fourth industrial revolution. The benefits of the strategy are expected to be manifested in five years, and interested parties can only observe the result.
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