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5000 Blockchain and metaverse companies to be in Dubai by 2027

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  Dubai has officially launched its metaverse strategy which will bring on 5000 blockchain and metaverse companies to the city by 2027. His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council has launched the directives of the Dubai Metaverse strategy.  As per his tweet , the Dubai Metaverse strategy will add 5 times more Blockchain and Metaverse companies to Dubai within the next five years. Knowing that today Dubai currently has 1000 Blockchain and metaverse entities, this means that by 2027 there should be 5000 Blockchain metaverse companies at least in Dubai UAE. As Sheikh Hamdan stated, “It will also add 40,000 new jobs in the virtual world and bring in 4 billion USD to Dubai’s economy in the next 5 years.” He notes, “Today we have launched our metaverse strategy which is the next economic and technological revolution that will play a role in every facet of our lives for the next two decades to come. We c