Following on from the pioneering success of its Hong Kong ‘Mega City,’ The Sandbox has announced that it will be launching a Dubai-themed metaverse called ‘Dubaiverse’. For now, the three companies who’ve confirmed their interest in the project include the city’s Virtual Assets Regulatory Authority (VARA), digital brokerage firm GCEX, and local newspaper publisher the Khaleej Times. Here, VARA announced itself as the first investor of Dubaiverse virtual real estate, whilst GCEX pledged to offer the city’s visitors with an array of educational tools for learning about virtual asset management. In seeking inspiration from the ‘South China Morning Post’s’ partnership with Hong Kong’s ‘Mega City,’ the Khaleej Times is hoping that its presence in the Dubaiverse will help expand its business operations in ways which were previously unavailable. The addition of multiple cities across The Sandbox’s widely interoperable ecosystem is helping elevate the platform’s status as one of the most immersive, creative, and web3-encapsulating projects out there.

Source: Forbes September 19, 2022 13:49 UTC