Dubai crown prince announces launch of new metaverse strategy

LONDON: Sheikh Hamdan bin Mohammed bin Rashid Al-Maktoum, the crown prince of Dubai and chairman of the Dubai Executive Council, announced the launch of the Dubai Metaverse Strategy on Monday, the Emirates News Agency reported.
It promotes the advancement of Web3 technology and its applications to create new government work models and growth in critical sectors such as tourism, education, retail, remote work, healthcare, and legal.
It aims to contribute AED4 billion ($1 billion) to the national economy and support 40,000 virtual jobs over the next five years.