The Best Upcoming Metaverse In 2023: EXGOLAND

From an industry with a market value of $38.5 billion in 2021, the metaverse market is expected to grow at a CAGR of 39.4%. This growth is likely to happen in the next 8 to 10 years. With the vast potential to grow and make businesses adopting this technology stand out, the metaverse is revolutionary. Especially when it comes to large-scale companies, they make the metaverse an anchor to further grow their businesses. Let’s explore more about this technology and industry with a unique study of how Dubai is leveraging the metaverse.
Dubai Is At The Forefront Of Adopting The Metaverse TechnologyIn recent years, Dubai’s government and high-tech community have focused on integrating metaverse into their economy. Dubai’s government is bringing reforms, innovation, and infrastructure to attract firms and projects. This will help Dubai become a modern technology hub and a metaverse-first destination.
This year, Dubai launched a metaverse strategy to boost regional and global economies. In its strategy, Dubai is already claiming the seat of Global Capital of Web3.0 with the help of its work in the metaverse and blockchain space.
Dubai’s work to integrate this technology into the country’s economic and technological fabric has already attracted big names like Kraken, FTX, and Binance to set up shops in the country. In addition, more than 1000 companies are already harnessing Dubai’s pro-metaverse infrastructure to forward their services.
With these strategies and planning, Dubai will eventually become a hub for the metaverse space. To prepare for the same, the Dubai Metaverse Strategy plans to make the metaverse a $4 billion economy and stake 0.5% of its GDP. In addition, the Dubai World Trade Center (DWTC) is a regional strategic area dedicated to virtual assets.
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