Emirates News Agency – Global technology and metaverse community gathers to discuss and showcase the potential of a new immersive world

DUBAI, 25th September, 2022 (WAM) — The Dubai Metaverse Assembly will host the Dubai Future Foundation (DFF), under the patronage of His Highness Sheikh Hamdan bin Mohamed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Dubai Executive Council and chairman of DFF’s board, 28.-29. September at the Museum of the Future and AREA 2071. This regional event, the first of its kind, will host 300 global experts and more than 40 organizations specialized in metaverse applications and virtual worlds.

This flagship event, one of the largest special events in the region, will explore the digital economy and determine how governments, businesses and communities can harness the limitless potential of the metaverse to create a bolder future.

More than 30 local and international leaders, including researchers, designers, builders and metaverse specialists in virtual education, e-commerce, medicine, arts, games, events, NFTs and other digital assets, will speak at the two-day event. In addition, the event will host speakers from recognized global organizations such as Meta, Binance, Mastercard, The Sandbox, Bedu, PWC, Accenture, BCG Digital Ventures, Decentraland, Mastercard, among others.

The Minister of Artificial Intelligence, Digital Economy and Remote Work Applications and Deputy Managing Director of the Dubai Future Foundation, Omar Sultan Al Olama, noted that the “Dubai Metaverse Assembly”, which is being held in Dubai this week, serves as a global platform that brings together technology experts and the metaverse – community from around the world to define the possibilities and exploit the potential of this promising virtual world.

He added: “This specialized event is a first for the region and a unique opportunity to exchange knowledge and ideas about the best solutions, projects and industries that can benefit from the enormous potential of the metaverse. Through this inaugural event, we let ourselves shine a light on the extraordinary potential of this immersive world to accelerate economic growth, drive innovation and create a fundamentally better future for humanity.”

Over 25 sessions, meetings and workshops will be held at the Museum of the Future and AREA 2071 at Emirates Towers during the Dubai Metaverse Assembly. They will cover a wide range of topics: from building a robust and scalable metaverse infrastructure, to creating strong, business-friendly regulation, to delivering public services in the digital world. The world’s metaverse experts will gather in Dubai to discuss what big tech and private companies need to do to grow a sector that could top $30 trillion in 15 years.

Meta’s Reality Labs Business Engineering Director, Ziad Traboulsi, said: “We are delighted to attend the Dubai Metaverse Assembly and look forward to discussing the metaverse with a highly engaged and tech-savvy audience. Nothing beats being together in person when not possible , the metaverse will bring us closer because the interactions in the metaverse will be more like the ones we have in our daily lives. to make it something that billions of people can benefit from.”

Vice President of Innovation at Mastercard Labs, Mastercard, a unique laboratory committed to delivering great, customer-centric experiences, Keith Jordan said: “We look forward to welcoming leaders and futurists around the world to explore the myriad ways our reality will change as we enter the metaverse. New worlds present limitless possibilities and Mastercard is proud to help accelerate these technologies while supporting Dubai’s ambitions to become one of the top 10 metaverse economies in world.”

Mastercard Labs will host a session dedicated to how shopping, banking and gaming are shaping the metaverse and how they will co-exist with the physical world.

Managing Director and Partner of BCG Digital Ventures, the world’s largest business builder whose mission is to invent, launch and grow game-changing companies, Mark Zaleski said: “Dubai is globally recognized as the city of the future and we see huge potential to ignite a wave of innovation and helping businesses in the city embrace digital technology.The Metaverse is at the heart of this digital transformation and we are excited about “the idea of ​​helping Dubai businesses leverage the virtual world to gain a competitive edge . I am excited to join the conversation at this inaugural Dubai Metaverse Assembly conference.”

CEO and CEO of Binance MENA, Alex Chehade, said: “I look forward to connecting with peers, experts and metaverse enthusiasts at the Dubai Metaverse Assembly, which will be a great forum to bring together the regional and international metaverse -community and stimulate debate around virtual ecosystems.” Alex added: “I also look forward to hearing the views of others and sharing my own insights into the role the decentralized world will play in the future of the digital economy. Regulation will significantly impact the possibilities of virtual worlds and their uses in the future . It is therefore important to introduce a stable and progressive regulatory framework to build confidence and innovation in our sector and stimulate long-term growth.” Chehade concludes: “Binance remains committed to supporting and contributing to these goals, and we see the Dubai Metaverse Assembly as an ideal platform to do so.”

COO and co-founder of The Sandbox, an open Metaverse that launched a virtual Dubaiverse neighborhood, Sebastien Borget, said: “Our vision has always been to empower local creators and empower them to benefit from their creativity and monetize their time and skills while they want. The sandbox is gradually becoming a digital nation without borders, to provide culturally rich and immersive experiences – and we are proud that Dubai is leading the way in this direction.”

Co-founder of Polygon, the leading blockchain development platform delivering scalable, affordable, secure and sustainable blockchains for Web3, Sandeep Nailwal said: “At Polygon, we are working to realize the true potential of web3 technology for millions of users. The tools built in today will improve the quality of life for people around the world while ushering in a new technological and industrial digital era.We are building a Web3 future that promotes equality among users, encourages self-sovereignty and freedom of expression to significantly advance the human experience. with blockchain technology.”

Co-founder of MetaCon Global, a one-of-a-kind “metaverse-to-reality” pop culture convention, Abdelrahman Mohamed commented, “While the metaverse is still in its infancy and we have yet to fully exploit its potential or predict the ultimate impact it will have, we already recognize that it holds great promise to unlock the greatest opportunities ever presented to modern businesses since the dawn of the internet.In short, we see the metaverse and the web3 redefining the way people work, learn . , meet and live.

In line with our leaders’ vision, the Dubai Metaverse Assembly is the ideal platform to foster effective public-private partnerships and concrete collaborations to address some of the most critical challenges and innovate for a more sustainable future for all.”

VP of Investments at Pixelynx, the music metaverse gaming platform founded by electronic musicians and game-changing technology visionaries, David Clark-Joseph, said: “Dubai Metaverse Assembly, hosted by DFF, brings together the innovators who will articulate our shared vision for the metaverse. This will be a fundamental aspect of the future and together we are building this foundation. We are approaching this vision for the future with a focus on music and experience – the potential for music to evolve in the metaverse cannot be underestimated and Dubai can play a central role in this development.”

Global Head of Business, Digital Partnerships and Innovation, HSBC, Catherine Zhou, said: “Metaverse and Web 3 technologies such as blockchain, tokenization and smart contracts have the potential to transform how financial services organizations interact with customers, as well as drive the development of new products and services. The Dubai Metaverse Assembly is an important forum for many different types of organizations to discuss how to unleash this new era of innovation, including working with governments and regulators to make it safe for consumers.”

Decentraland’s Creative Director Samuel Hamilton said: “We are delighted to be at the Dubai Metaverse Assembly, where we will represent the decentralized developers and engineers who are building the open metaverse right now. This event will enable all voices to be adequately represented , and we believe this will also be a great opportunity to coordinate and collaborate with governments and international organizations, and we look forward to sharing what we’ve learned about how to build virtual worlds.

Insightful plans for the future of Metaverse and its opportunities: The Dubai Metaverse Assembly is the first such event since His Highness Sheikh Hamdan bin Mohamed bin Rashid Al Maktoum approved the Dubai Metaverse Strategy in July. This strategy aims to add $4 billion to Dubai’s GDP, support 40,000 virtual jobs by 2030 and attract 1,000 companies specializing in blockchain and metaverse technologies to make Dubai one of the top ten metaverse economies in the world.

Translated by: Gihane Fawzi.

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