The tech investment world has grown rapidly in the 20 years since the Dotcom boom. Investors have gone from investing in microchip manufacturing companies to internet marketplaces such as Amazon and eBay. Even though investors understand the rapid changes and growth of the tech world, they have been apprehensive about investing in Web3 (crypto, blockchain, etc.) and the Metaverse. However, this all changed when Mark Zuckerberg announced that Meta is building the Metaverse.
The Metaverse concept coming to reality helped investors understand how the world will shift from Web2, which runs on a centralized internet, to Web3, which works seamlessly in a decentralized fashion. Moreover, this has allowed investors to see that the value crypto brings is not just about tokens that rise and fall in price, but that crypto is about a peer-to-peer transaction system that is fast and connected to all aspects of Web3 and the Metaverse, and that this is how tech will evolve and be pushed to the next level. Since then, governments around the world have announced billions of dollars in funding for Metaverse and Web3 development.
In fact, the Dubai government aims to create 40,000 jobs in the Metaverse over the next five years as well as add $4 billion into the economy through Metaverse and Web3 development. It’s for this reason that a summit such as MetaVSummit exists. MetaVSummit helps bring the top Web3 and Metaverse companies from over 20 countries to meet investors and strategic partners in Dubai. With the help of title sponsor CyCoin, which is one of the largest Web3 ecosystem projects with its own Metaverse, MetaVSummit will bring together hundreds of founders and engineers from the Metaverse and Web3 world to showcase companies and innovations in Dubai on Sept. 14 and 15, 2022.
MetaVSummit continues to focus on making sure that Dubai and GCC investors and strategic partners are being educated to maximum capacity on Web3 and Metaverse developments. The event will continue to push for this mission, as the belief in a Web3 decentralized world is strong and much-needed for humanity to progress without borders.
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MetaVSummit is directly contactable via email.