Home Digital Asset Future Blockchain Summit Will Address UAE’s Vision for Web 3 Economy

Future Blockchain Summit Will Address UAE’s Vision for Web 3 Economy

by Lottar


[Dubai – UAE] – The MENA region’s first and largest blockchain conference and exhibition will return to the Dubai World Trade Center (DWTC) from 10 to 13 October 2022.

The fifth edition of the Future Blockchain Summit will serve as a meeting point for the world’s most disruptive business technology trends.

The UAE is poised to be a global hub for cryptocurrencies as market capitalization reaches $1.4 trillion up 86% year-to-date, with the Middle East’s blockchain market expected to be worth $3.2 billion by 2023.

Following the launch of “Dubai Metaverse” – a project led by Dubai’s Crown Prince Sheikh Hamdan bin Mohammed to place the city among the top 10 metaverse economies worldwide and first in the region; the emirate’s vision to transform into a global capital of advanced technology, mainly artificial intelligence (AI) and Web3, is on track.

The metaverse sector will support as many as 40,000 additional virtual jobs and generate up to an estimated $4 billion to Dubai’s GDP by 2030.

The “Dubai Virtual Assets Regulatory Authority” (VARA) of 2022 affiliated with the Dubai World Trade Center has been set up as the competent entity in the emirate in charge of the regulation, supervision and oversight of virtual asset services; and will have legal personality, financial and administrative autonomy, and the legal capacity required to undertake all acts and dispositions that ensure the achievement of its objectives.

In line with Dubai’s vision to be a global Web3 hub, leadership support and regulatory frameworks for digital assets, the premier event showcasing blockchain innovations and global case studies will provide industry players with countless networking opportunities, an expert conference program and transformation. workshops to explore different themes including Blockchain for Enterprise, the future of digital assets and In the Metaverse.

Channeling global dialogues and thought leadership, the summit Regulation of digital assets will focus on defining the risks and the path to building a legal framework to establish competitive crypto-hubs on the global stage.

A session left NFTs, Gaming and Investing in the Metaverse will dialogue with GameFi and Play to Earn (P2E) to take gaming to the next frontier of virtual worlds.

Win Code Supremacy in Battle for Blockchain Adoption will focus on gaining adoption and setting infrastructure priorities between scalability, security and decentralization.

Statistics from a survey by Dubai World Trade Center revealed that 71.3 percent of summit attendees plan to invest in blockchain technology over the next 12 months.

The Future Blockchain Summit will take place along with seven other specialized events taking place in conjunction with GITEX Global 2022.

Visit the event website for more information about the Future Blockchain Summit, as well as registration details.

About Dubai World Trade Center

Since its inauguration in 1979, Dubai World Trade Center (DWTC) has played a pivotal role in the growth of Dubai’s business tourism and trade.

With the largest purpose-built complex for events and exhibitions in the region, its mission is to ‘Destination Dubai’ for the region, by providing a world-class business networking platform with integrated end-to-end services.

As the epicenter for businesses in the Middle East, DWTC connects people, products and ideas from around the world through its annual calendar of international trade shows, flagship consumer shows and prestigious conferences.

With a focus on the future development of Dubai and the UAE, DWTC has a vision to make the city the world’s leading destination for all major exhibitions, conferences and events.

To learn more about the Dubai World Trade Center, please visit their official website.

Disclaimer

All the information on our website is published in good faith and for general information purposes only. Any action the reader takes on the information found on our website is strictly at their own risk.



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