Dubai is the most important city in the world in the world of metaphysics

Dubai was considered the most important future city in the world of metaverses and digital twinning, according to a classification prepared by the Spanish magazine “The Smart City Journal”, which specializes in research and data on cities. The magazine said that Dubai has been working for a few years to become a major regional and global center for blockchain networks and technology, along with Miami and Singapore.
The emirate recently announced an ambitious strategy in the field of the virtual digital world “Metaverse”, which includes attracting 1,000 companies whose businesses are linked to this world, and creating more than 40,000 new jobs in this sector by 2030. Dubai has also recently launched new business accelerators. For metaverse, at a time when it is home to a growing number of investment funds in the field of “blockchain” that seek to expand their business, to include the world of metaverse, such as the “Cypher Capital” fund.
And last May, the Dubai Digital Asset Regulatory Authority became the first government arm in the world to enter the world of metaverse, when it established its official headquarters in the virtual world “The Sandbox”.
This step reflects the confidence of the Dubai government that virtual assets are an integral part of the future digital economy, and confirms its willingness to consolidate the emirate’s position as the capital of virtual assets in the world.
The magazine’s list included Singapore, which ranked second; It was one of the first cities to embrace digital twinning when it launched the Digital Singapore project in 2014. Singapore is home to Visio Technologies, which has a large group of government clients in the Association of Southeast Asian Nations (ASEAN); It publishes its patented technology, utilizing satellite technology and artificial intelligence, to create digital twins of cities on the web.
Seoul came in third place; In 2021, the mayor of Seoul announced the launch of an ambitious project, Metaverse, to take advantage of the technologies used in the digital world to enhance life in the city. By 2023, citizens will be able to meet government officials in the digital world, to deal with complaints and civil consultations, which are usually only considered by visiting government departments.
Shanghai was ranked fourth on the magazine’s list, and at the end of 2021, the city announced a 5-year plan, to take advantage of the world of metaphysics and use it to accomplish public and private interests. The government recently announced its ambition to grow the value of the local metaverse sector, to reach $52 billion by 2025, while attracting 10 global leading companies and 100 new metaverse companies to its local system.