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According to Ericsson ConsumerLab's new 5G: The Next Wave report, 5G adoption is paving the way for the metaverse in the future.

Dubai Chamber of Digital Economy announced that it has received 153 applications from 27 countries for its newly launched Future of the Digital Economy: Business in the Metaverse academy, a first-of-its-kind specialized training programme designed to equip digital startups with the practical knowledge and tools they need to build and thrive in the metaverse.

"The Metaverse: What's In It For Telcos?" by Arthur D. Little (ADL) examines how telcos can capture value by leveraging the metaverse. The Metaverse represents a significant new market for telcos, with early estimates putting the Metaverse opportunity at around $13 trillion by 2030.

DIFC FinTech Hive, the financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, announced that it will host its annual flagship Investor Day event in the metaverse for the first time. 

Organizations in the UAE are outpacing their global counterparts in terms of achieving their digital transformation goals, including investments in IoT, Edge, 5G, and intelligent automation. According to the most recent KPMG UAE Tech Report 2022, the majority (93%) of UAE businesses plan to invest in the metaverse as a result of widespread technology adoption and customer demand.

Everdome, an interplanetary metaverse project, has released the first single from the world's first specifically commissioned metaverse soundtrack.

Adobe Inc released a set of new software tools designed to make it easier to create three-dimensional digital objects for marketing campaigns, video games and the metaverse.

The Metaverse, the future of everything, at least following the view of the tech giant Facebook. They've even rebranded their entire Group "Meta" to give a clear indication of where they're heading. They are, indeed, putting their action (and their money) where their words are.

The third day of the 42nd edition of GITEX GLOBAL featured a special conversation between His Excellency Abdulla Bin Touq Al Marri, the UAE Minister of Economy, and the GITEX audience as well as some noteworthy announcements, including the opening of the UAE's first metaverse hospital, the gathering of the biggest unicorns in the world to exchange funding advice, and a sneak peek at how robotic surgery is changing.

A new study commissioned by Ciena found that 79% of Middle East business professionals surveyed are ready to use virtual reality-based platforms, such as the metaverse, for work, to replace current video conferencing options. Additionally, a staggering 94% of respondents in the Middle East said they would feel at ease holding official business meetings in a virtual reality setting