After buying a Land in the Metaverse of the Sandbox, the Emirate of Dubai intends to launch its own “Dubaiverse” like Hong Kong on The Sandbox.
A Metaverse version of Hong Kong in The Sandbox
The metaverse continues its adoption and The Sandbox is actively participating in it. After having collaborated with many universes (Smurfs, Care Bears, …) the most famous metaverse launched some months ago big partnerships with the city of Hong Kong, headquarters of Animoca Brands (editor’s note: the company that owns The Sandbox).
The goal? Reproduce the financial center of Hong Kong with partners of choice from the music, film industry, real estate, finance …
The initiative has obviously been appreciated by many countries. It is indeed Dubai’s turn to have its own replica in the metaverse of The Sandbox.
After Hong Kong, it’s now Dubai’s turn to have its own metaverse made in The Sandbox
In Dubai and the United Arab Emirates (UAE) in general, the metaverse is taken very seriously. The local government, in addition to positioning itself in The Sandbox by buying Land, is offering funding for metaverse projects and even creating a legal framework for the sector!
It is therefore not surprising to learn at the 62nd edition of the “True Global Ventures Conference” on Thursday, September 15, 2022 that a “Dubaiverse” will soon be born.
Like the “Hong Kongverse”, the “Dubaiverse” will be implemented in The Sandbox and will be a replica of Dubai in the metaverse.
The Dubaiverse will also be founded with many local partners such as the prestigious newspaper “Khaleej Times” (editor’s note: the reference media for us here in the UAE) and players in the music, finance, tourism, education…
As publishers, business models are being challenged all over the world, and new business models are coming into this space (editor’s note: the metaverse), which is a really important strategic move for us.Sohail Nawaz, Chief Digital Officer of Khaleej Times.
Not surprisingly, the VARA (Virtual Assets Regulatory Authority), the recent authority founded specifically for the regulation and development of cryptoassets will be there! Not surprising when you consider that it is the first regulator in the world to have bought a Land.
An event that has unlocked many partnerships according to Sebastien Borget, COO of The Sandbox.
VARA was the first regulator in the world to buy a Land in the Sandbox. It was a milestone in our history and from there we were able to attract other great partners and local brands.Sebastien Borget, COO of The Sandbox
The broker CGCEX, officially in the UAE since June 2022, will also be present.
Hong Kong and Dubai are only the beginning of the Cityverses
Yes, you will have to prepare yourself to see more and more news about metaverse representing cities or independent countries/states.
According to Sebastien Borget, projects are already underway with Singapore, South Korea and Turkey.
Other similar metaverses are in preparation for Singapore, Korea and Turkey.Sebastien Borget, COO of The Sandbox
So, ready to come to the Dubaiverse to visit the Burj Al Arab, the beloved Burj Khalifa with its 828m height, Ain Dubai the world’s tallest Ferris Wheel or even the Coinpri offices (who knows..)? If you want to know more about the metaverse, or about The Sandbox, I let you click on the links to access exclusive guides. Finally, if you’re in Dubai, I’ll be at the Blockchain Economy Summit as we’re a media partner, so don’t hesitate to contact me for a chat.
CEO and Editor-in-Chief of Coinpri I have been navigating the waters of Blockchain for 5 years already.
Wait, I can see the Promised Land of Adoption in the distance.