Upcoming Blockchain Summit to Address UAE’s Vision for Web 3 Economy

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

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

The UAE is poised to become a global cryptocurrency hub as a marketing capitalization shots $1.4 trillion up 86% year-to-date, the blockchain market in the Middle East is expected to reach $3.2 billion by 2023.

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

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

The “Dubai Virtual Assets Regulatory Authority” (VARA) of 2022 which is affiliated to the Dubai World Trade Center has been installation as the competent entity in the emirate responsible for regulating, supervising and supervising virtual asset services; and shall have the legal personality, financial and administrative autonomy, and legal capacity required to undertake all acts and arrangements that ensure the achievement of its objectives.

In line with Dubai’s vision to be a global Web3 hub, leadership support and digital asset regulatory frameworks, the premier event showcasing blockchain innovations and global case studies will provide industry players with the opportunity to take advantage of countless networking opportunities, an expert conference program and workshop transformations to explore distinct themes, including Blockchain for the enterprise, the future of digital assets and In the metaverse.

Channeling global dialogues and thought leadership, the Summit on Digital Assets Regulations will focus on defining the risks and the way forward to create a legal framework to establish globally competitive crypto hubs.

A session on NFT, games and investment in the metaverse will dialogue about taking gaming to the next frontier of virtual worlds with GameFi and Play to Earn (P2E).

Win code supremacy in the battle for blockchain adoption will focus on adoption and defining infrastructure priorities between scalability, security and decentralization.

Statistics of a Dubai World Trade Center survey found that 71.3% of Summit attendees intend to invest in blockchain technology over the next 12 months.

The Future Blockchain Summit will be co-located with seven other specialist events running alongside GITEX Global 2022.

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

About the Dubai World Trade Center

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

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

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

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

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

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