Multiverse Introduced as State-Sponsored Metaverse City!

Multiverse Labs, an artificial intelligence ecosystem, has launched a new Metaverse city in the United Arab Emirates. The project has also been touted as a development that the UAE believes will boost the tourism sector in the region.

Multiverse Labs has described the new Metaverse metropolis Sharjahverse as a photorealistic, physically precise Metaverse covering 1,000 square miles of the emirate's surface area. The virtual city will support the local tourism economy. It will also create new employment opportunities in the Metaverse, fitting in with initiatives launched by Dubai this year. The emirate's main government organization responsible for developing the tourism business, the Sharjah Commerce and Tourism Development Authority, or SCTDA, has expressed its support for the Metaverse city. Khalid Jasim Al Midfa, chairman of SCTDA, commented on the initiative. 'The mass market requires new thinking to transform the tourism industry into next generation, sustainable practices. Virtual tourism in the Sharjahverse will provide unparalleled access to almost anywhere. It is also expected to provide personalized guest experiences and enhanced entertainment experience. Multiverse's AI-driven approach will help push the boundaries of imagination. It will also communicate the wonders of the Metaverse. Sharjah is the second most populous emirate in the UAE with more than 1.8 million inhabitants, although not as many as Dubai. The entire emirate will be open to the public through Sharjahverse. The growing acceptance of crypto and Blockchain at the Emirati level has attracted much attention. Additionally, there are indications that the UAE federal government is preparing supportive regulation for the nation. The UAE's Securities and Commodities Authority is preparing crypto licensing legislation that will allow digital asset businesses to operate in the country. Source: nfxhaber.com Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account!