Multiverse Labs launches government-backed metaverse city in UAE
Multiple emirates in the UAE are looking to the metaverse to boost tourism in their respective regions. Sharjah now joins Dubai in broadening its Web3 ambitions. Artificial intelligence ecosystem Multiverse Labs has launched a new metaverse city in the United Arab Emirates (UAE), a move the emirate said could enhance the region’s tourism industry.The new metaverse city, dubbed Sharjahverse, was described by Multiverse Labs as a “photorealistic, physics-accurate” metaverse that encompasses the emirate’s 1,000 square-mile surface area. The virtual city will support the local tourism industry....
Related News
An announcement by NFT-based luxury lifestyle metaverse enabler, Trace Network Labs, recently released their first product, BUDDY. Trace Network Labs is building a blockchain-powered platform that will enable lifestyle brands to launch multichain and multiverse products for the residents of the metaverse. Metaverses are parallel digital realities where people are represented by their digital twins […]
As one searches the online space, the term “metaverse” is becoming increasingly common and one has certainly seen a spotlight on this ecosystem. Many people are having difficulties trying to understand this new paradigm, however, this has not stopped many early adopters from engaging with these projects, and seeing various metaverse projects take off and catch investor attention. Whilst the technology for creating a metaverse is new, the concept was first described by Neal Stephenson in his science fiction novel ‘Snow Crash’ published in 1992. Although derived from cosmological concepts,....
“Ideas have value,” said Cliff Szu, co-founder of Multiverse Labs. “[O]ur overriding goal is to help people with great ideas to discover the true value of their innovations and inventions.” Multiverse, a decentralized artificial intelligence ecosystem that funds early-stage tech companies, has secured $15 million in investments from some of blockchain’s biggest venture funds. Samsung Next, a developer ecosystem focused on AI, blockchain and fintech, was among the investors, along with Arrington XRP Capital, Huobi Ventures and Fenbushi, Multiverse announced Wednesday. With the raise,....
By 2025, the Shanghai City Government intends to intensify its efforts to establish a metaverse industry. The metaverse is evolving as a technology that is garnering the attention of the world’s leading nations and cities. Shanghai, the most populous city in China, has released a paper outlining its intention to become a major center for […]
The Metaverse, which means Beyond the Universe, is a term used in the blockchain industry to describe an imaginary world brought to reality with fiber-optics technology. The Metaverse is available to anyone anywhere in the world, so it is not limited to time or location. The idea of a metaverse world became interesting during the […]