The XDC Network Secures $50M From LDA Capital to Drive Ecosystem Development
The founders of the XDC Network have leveraged a portion of their personal token allocations to secure a $50 million commitment from global alternative investment group LDA Capital Limited to accelerate the expansion and development of Layer 2 projects across the XDC Ecosystem and to facilitate network adoption and real-world utility. LDA support will help […]
UAE’s Latest Bet on Tech: A Ministry in the Metaverse
The United Arab Emirates, which already boasts the world’s tallest skyscraper and has launched a bold Mars mission, now hopes to become a pioneer in the depths of the metaverse. In a project launched at Dubai’s gleaming Museum of the Future, it announced that the UAE’s economy ministry was setting up shop inside the immersive virtual […]
Emirates to Hire 4,000 New Cabin Crew to be Trained in the Metaverse
Emirates, the leading airline has 16,000 cabin crew but is looking to expand this number by 4,000 to reach close to 20,000 cabin crew by next year. The metaverse will play a key role in training newly hired and existent cabin crew. Adel Ahmed Al Redha explained that the A350 was being configured in Humboldt, […]
Diplomacy Lab Launches First NFT Membership
The Diplomacy Lab, an initiative launched by the Fatima Bint Mohamed Bin Zayed Initiative (FBMI) in collaboration with the Anwar Gargash Diplomatic Academy, will be launching its first ever NFT membership. This membership will form an integral part of the Diplomacy Lab as it aims to attract high achievers and individuals interested in becoming a […]
Dubai Metaverse Assembly Day 2: General Manager of Binance MENA Thanks Dubai for its Meta Friendly Environment
The Dubai Metaverse Assembly, which kicked off yesterday, continues its activities for the second day. 500 delegates will be participating, including government ministers, business leaders, global corporations, decision makers and the metaverse community, to share insights on the metaverse and how to unlock its potential. “We can access way more than just games and tokens, […]
ADQ-Backed Further Ventures Launches $200M Fund for Start-Ups
ADQ-backed investment company Further Ventures has launched a $200 million fund that will co-create and support business ventures. The fund, anchored by Abu Dhabi holding company ADQ, will focus on building digital assets, FinTech and supply chain sector start-ups. It is a “unique offering” out of Abu Dhabi for founders looking to build ventures in […]
Saudi Arabian Neom Invests $1bn in the Metaverse
Neom Tech & Digital, a subsidiary of the $500bn signature Saudi megacity Neom, has rebranded itself as Tonomus as it ploughs cash into the metaverse and artificial intelligence (AI). The company has invested $1bn in 2022 in AI projects that include a metaverse platform, in the hope that it will advance Tonomus’ goal of positioning Neom as […]
Former U.S. Treasury Secretary to Discuss What is Next for the U.S. and Global Economy at UAE AIM Summit
Lawrence H. Summers, the renowned American economist who served as the 71st United States Secretary of Treasury from 1999-2001 under Bill Clinton, as well as the Director of the National Economic Council from 2009 to 2010 under Barack Obama, will be offering his insights into the global economy and financial markets during the 13th edition […]
MetaBoundless Presents First-Ever Avatar Concert in the Arab World, Starring Ragheb Alama and Saad Lamjarred
MetaBoundless has partnered with the Algorand Foundation for a virtual concert to mint NFTs for each concert-goer, serving as their digital ticket into the show. MetaBoundless has also partnered with Apparel group, the retail industry leader in the region, as the official merchandise partner of this first concert of the future in the Arab world. […]
MetAmazonia – Radical Innovation to Save the Amazon Forest
MetAmazonia, a Dubai-based company, created a decentralized platform that democratizes impact investment and creates incentive mechanisms for the global community to collectively participate in this effort of preservation and sustainable development. In fact, MetAmazonia is a next generation photorealistic 3D metaverse, designed on the UNREAL engine, the same technology used by movies, series and games, […]