![]() ![]() ![]() Their goal is to create a safe metaverse where everyone can feel at home and connect with one another in an online environment. Meanwhile, Metarverse Holdings is committing $54 million to the project for the current and future development of the platform. "This is going to solve a huge problem in the web3 space, and we are fully committed to delivering a world-class platform," says Reddy. "After carefully examining other leading regions, the decision was made for Dubai and Abu Dhabi to be the very first simulated cities within our new high-end metaverse," stated Priven Reddy, the founder of Metarverse Holdings, who is one of the leading global innovators in VR, XR, and Web3. This will include functionality to browse and shop from the biggest retail brands and stores, buy advertising space in the virtual city, attend simulated lectures, along with the ability to apply for residency visas, business licenses, and more. Users can find synergy between their needs and the platform that encompasses web3 blockchain technology. It is meant to stream swiftly, in contrast to current virtual reality applications that build small-scale, digital fantasy worlds. The new platform through various partnerships is introducing a comprehensive, real-world, utility-based metaverse with full multi-device interoperability. Not only will the city offer an engaging and realistic experience, but it also has the potential to be a vital conduit of communication and international collaboration in the future. Together with Metarverse Holdings, Dubai is establishing a case for itself as a cutting-edge virtual metropolis. The Dubai metaverse will include everything from universities and events to shopping malls and business districts. The first of several hyper-realistic virtual cities, Dubai will provide a wide range of attractions, offerings, and possibilities that will make you feel as though you are actually there. Their virtual environment will match authentic real-life events and locations, with a Beta version expected to go live in the fourth quarter of 2022 and become available globally shortly thereafter. The Emirates will be the first "utilized" hub within the virtual world that replicates real-life experiences and places. The launch of Dubai in their metaverse marks an important step forward in renowned tech entrepreneur Priven Reddy's "immersive metaverse mission" to build a sustainable digital future for all. ![]() 13, 2022 (GLOBE NEWSWIRE) - Delaware incorporated Metarverse Holdings, an advanced Web3 technology company, has officially announced that Dubai will become the world's first virtual city and a global center for digital innovation in their global metaverse rollout. ![]()
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