Mubasher: UAE-based Metarverse Holdings has selected Dubai and Abu Dhabi to be the first cities to be launched as part of the company’s virtual world platform.
In line with the UAE’s vision to become a hub for metaverse technology, Metarverse Holding has invested AED 200 million in its project where a Beta version would go live by October 2022 and will be available globally by the end of 2022, according to a press release.
Through the new platform, users around the globe will be able to virtually witness the two Emirati cities' attractions and landmarks.
The platform encompasses non-fungible token (NFTs) blockchain trading to shop, view products in the biggest retail stores, buy advertising space in the virtual city, register for licences and government documentation, and more.
Priven Reddy, CEO of Metarverse Holdings, said: “With the new platform, Metarverse Holdings is committed to investing AED 200 million into our project, to help us showcase all of this and satisfy the demand of all users who can now experience Dubai and Abu Dhabi for themselves.”
