Sharjahverse, a new kind of metaverse tourism for the Emirate of Sharjah, has been introduced by Multiverse Labs in collaboration with the Sharjah Commerce & Tourism Development Authority (SCTDA). Since Sharjahverse is the first real city-scale metaverse with practical economic and social applications, it represents a significant development for the Multiverse Labs platform. Metaverse City In UAE With a total area of 2,590 square kilometers (1,000 square miles), Sharjahverse not only promotes the Emirate to a broader audience and strengthens the tourism industry, but it also provides locals employment opportunities in the metaverse at some of Sharjah’s most well-known attractions. The cultural and historical center of the UAE is commonly recognized as Sharjah. In addition to increasing “emirate-level” use of cryptocurrencies and blockchain technology, there are indications that the federal government of the UAE is preparing supportive regulatory catalysts for the nation. As previously reported, the Securities and Commodities Authority of the United Arab Emirates is creating legislation for crypto licensing that would allow companies that deal in digital assets to open up shop there. Nations Exploring Metaverse Potential Numerous other nations have recognized the metaverse as a potential economic driver in addition to the UAE. Beijing’s municipal administration unveiled a two-year metaverse innovation plan in August to coordina...
