Pioneers in the metaverse ecosystem explored the multi-billion opportunity in the emerging virtual universe on the second day of GITEX GLOBAL 2022. Various industries from retail, fashion, gaming and sports are seeing to explore an increasingly vast and rich virtual ecosystem in Web 3.0
Diverse industries from gaming, retail, fashion and sports are looking to explore an increasingly vast and rich virtual ecosystem in Web 3.0, with Dubai Metaverse Strategy envisioning more than 40,000 new virtual jobs by 2030 in the Emirate.
The 42nd edition of GITEX GLOBAL includes X-VERSE, sponsored by TMRW Foundation in partnership with Decentraland, one of the most immersive metaverse journeys featuring 28 experiential brands; and Global DevSlam, the Middle East’s largest ever coder and developer meetup. These events are designed to support the Web 3.0 economy.
At Global DevSlam 2022, Saqr Bin Ghalib, Executive Director, UAE Office of AI, Digital Economy, and Remote Work Applications, announced the launch of the region’s first Pycon, in collaboration with the Python Software Foundation.
One of the biggest Python development conferences in the world, PyCon, and PyCon MEA will offer the developer community a special setting for networking and cooperation. He emphasised how crucial the Global DevSlam is to the National Program for Coders, which seeks to establish the UAE as a centre for the training of coders worldwide.
Angelika Gifford, Meta Vice President for Europe, Middle East and Africa at GITEX GLOBAL said that within the next decade, the metaverse has the potential to add $3 trillion to global GDP — a contribution of 2.8% — with the Middle East, North Africa and Turkey set to benefit from more than $360 billion or 6.2% of GDP.
She added that the metaverse will reach a billion people in the next decade, drive billions in revenue and create millions of jobs. She also stressed that the metaverse is the biggest creation since the start of the internet.
She gave the following pieces of advice to anyone looking to get engaged in the metaverse: “develop muscle” by “playing about,” do as many different things as you can and connect with like-minded others.
The first terrestrial retail experience in space will be created at X-VERSE, the largest curated Web 3.0 immersive experience in the world, by Orbital Assembly (OA), creator of the first space park with gravity.
Juan De Lascurain, Chief Dreamer, Dream Big World, stated that its customers will be able to enjoy different digital experiences utilising VR, NFT, digital fashion, and the Metaverse,
The TMRW Foundation, the headline sponsor of X-VERSE, launched ROOM, its lifelike 3D communication solution to offer a look into the future of the three-dimensional internet: The Internet of Life. ROOM enables browser-based 3D video conferencing, elevating video calls through lifelike and gamified online meeting spaces. It enables users to virtually interact in the most natural way possible by mirroring human nature, featuring the world’s most socially present technology.
