Video games are now the first choice of entertainment for people ages 13 to 17—ranking above social media, TV, music or any other form of media—according to a new study by Bain & Company. These young gamers are currently spending more time and money in the metaverse than older gamers,

Building a thriving city on Mars may not be in the cards for the real world just yet, but Everdome, the most hyper-realistic metaverse, is set to make it happen when their Alpha version is released this year. Players will be able to immerse themselves in a playful and realistic environment thanks to deep scientific input from a dedicated specialist lab informing all aspects of the Everdome experience

For years, science fiction has been anticipating certain trends in the real world, and the Metaverse is no exception. The Metaverse combines immersive virtual reality with the narrative and participatory strategies of video games. And recent investments in AR and VR technologies have been fundamental to the development of this virtual world.The Metaverse will soon provide businesses as well as consumers with a 360-degree, three-dimensional, fully immersive and interactive space.

The Dubai Metaverse Strategy, announced last month, aims to create 40,000 virtual jobs by 2030 while contributing $4 billion to Dubai’s GDP over the next five years. The program also aims to strengthen the emirate’s reputation as a Web3 leader and Metaverse hub, with over 1,000 metaverse and blockchain companies already in operation.

CBI is among one the early adapter bank in the middle east region to establish a virtual Metaverse presence in Decentraland, a notable blockchain-based world. Decentraland also hosts Warba bank, a Kuwait-based Islamic bank. Warba also has a site in the sandbox showing a strong footing in the metaverse.