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The Middle East's first metaverse incubator opens its doors in the Dubai World Trade Centre

11 Apr 2022 By : Coin Gabbar
The Middle East's fi

  • MetaIncubator aspires to make Dubai the industry leader in the Metaverse.

Dubai: MetaIncubator in the Middle East's first Metaverse Incubator, with the purpose of incubating early-stage Metaverse and Web3 innovations through Dubai as a center. It is in line with the Dubai government's digital agenda and offers startups engineering, tokenomics, marketing, and investment services. It also assists startups looking to expand into the rapidly rising MENA regions. MetaIncubator aspires to make Dubai the industry leader in the Metaverse.

The Dubai World Trade Centre (DWTC) becomes a complete zone and regulator for virtual assets and crypto, comprising digital assets, goods, operators, and exchanges, as part of the Dubai government's aim to build new digital economic sectors. It will provide an appealing atmosphere and a full ecosystem for Dubai's progressive industry.

This will complement Dubai's already "hot" Metaverse and Web3 industries, becoming one of the development catalysts over the next 10-20 years. MetaIncubator will contribute to the development of the Metaverse and Web3 ecosystems in Dubai. Its objective is, to begin with, Dubai and serve the UAE before expanding to all GCC nations. It would help attract overseas Metaverse and Web3 projects to the area, doubling the size of the UAE's digital economy from its existing value of over AED 100 billion. Achieving sustainability via high-tech job creation, talent development, and foreign investment, with the potential to make the UAE the world's leading Metaverse and Web3 development center.

The UAE and Dubai, in fact, contain the majority of the effective features, such as open support for innovation and technology, as well as a fantastic city lifestyle that business executives and software engineers adore." remarked Sam Lai, the company's founder, and CEO." When it comes to startups, we are highly technology-driven, and we intend to use our significant expertise in startup creation and financing to choosing the greatest Metaverse and Web3 initiatives that pass through the Dubai ecosystem and help them expand not just locally, but also worldwide. Most importantly, I am really enthusiastic to work with eager and motivated company entrepreneurs who are creating something that not only changes the world but, more importantly, improves it. Combining cutting-edge technologies and innovative business models, as well as collaborating with fearless founders, makes me eager to come to work every day." Sam also contributed.