October 11, 2022

UAE, Multiverse Labs Launches Sharjahverse

Sharjah Museum of Islamic Civilization

Sharjah Museum of Islamic Civilization

The Sharjah Commerce & Tourism Development Authority (SCTDA) collaborated with Multiverse Labs, an operator of an AI-powered multi-metaverse platform, to establish a new metaverse city in the United Arab Emirates (UAE), named “Sharjahverse.”

Sharjahverse will be a remarkable milestone that will foster the UAE’s tourism industry as it was described by Multiverse Labs as “photorealistic, physics-accurate.”

On an area of 2,590 sq km, Sharjahverse will not only include all of Sharjah but also open doors for jobs in the metaverse for the locals at Sharjah’s iconic gems. It will be a center for innovation, imagination, and trade, a way that boosts the emirate’s position as a destination of excellence.

In this regard, Chairman of the Sharjah Commerce and Tourism Development Authority (SCTDA) Khalid Jasim Al Midfa said: “Transforming the mass market tourism industry towards next-generation, sustainable practices requires a new way of thinking. Multiverse’s groundbreaking and AI-driven approach will help push the limits of imagination and promote Sharjah as a destination of excellence.”

Midfa pointed out that Sharjahverse would provide unprecedented access to almost any location in addition to personalized guest experiences and enhanced entertainment.

Meanwhile, CEO of Multiverse Labs Cliff Szu noted that Sharjahverse is the first metaverse city backed by the government in the world and the world’s most realistic metaverse, expressing his excitement for cooperating with SCTDA’s officials.

It is worth mentioning that through Sharjahverse, the whole emirate will be accessible and viewable to the public.

Over the past few years, the UAE has positioned itself as one of the world’s prominent hubs for metaverse and blockchain technologies. It works on enabling digital assets companies to launch their operations in the country.

The UAE Ministry of Economy plans to launch its new headquarters in the metaverse to offer its services in the virtual world like the real-world headquarters.

The Emirati government, in July, launched the Dubai Metaverse Strategy which aims to contribute $4 billion to the emirate’s economy. The strategy targets increasing the number of blockchain and metaverse companies fivefold within five years as well as offering 40,000 virtual jobs to be one of the top 10 global metaverse economies.

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