Dubai, an emirate that is part of the United Arab Emirates (UAE), is reportedly preparing to move some of the government offices to the Metaverse. Earlier, the region presented the Dubai Metaverse Strategy, in which the metaverse is positioned as an important part of the future of the emirate.
Sharad Agarwal, Chief metaverse specialist of the Dubai-based Cybergear company, at one of the local events dedicated to the technology:
"We have started receiving a lot of requests from government departments and ministries to submit them to the metaverse. It's only a matter of time before Dubai becomes the global center of cryptocurrencies and the metaindustry."
However, the construction and adjustment of functions will take time.
"You need to decide what services you want to offer and what the business model is, and then create a community as it happens in the physical world," Agarwal explained.
Dubai has developed a global plan to make metaverse a profitable industry in the future. The country expects that by 2030 the share of metaverse in the country's GDP will be 1%. In addition, it is planned to provide 42,000 virtual jobs by the same year.
South Korea is investing heavily in the development of its own metaindustry: the government has allocated $177 million for this purpose.