A Munich-based metaverse firm is one of the latest to enter Dubai's emerging tech incubator plans
Munich-based metaverse company METAYO has recently joined Dubai’s new metaverse strategy to collaborate on building the tech plan’s ecosystem of software solutions. Dubai’s Crown Prince Sheikh Hamdan bin Mohammad Bin Rashid al-Maktoum recently unveiled the city’s metaverse programme, which hopes to attract 40,000 digital professionals and grow the city’s economy by $4 billion USD over five years’ time.
Matthew Ball, one of the world’s top experts on the Metaverse, said in a recent statement that interoperability would remain one of the key tasks to building the Metaverse to connect immersive worlds under common standards.
Speaking to the Financial Times (FT), Ball defined the Metaverse as, “A massively scaled and interoperable network of real-time rendered 3D virtual worlds that can be experienced synchronously and persistently by an effectively unlimited number of users with an individual sense of presence, and with continuity of data, such as identity, history, entitlements, objects, communications and payments.” In other words, it amounts to far more than just a flashy rebranding of virtual reality”. Full story here