{"id":25281,"date":"2022-09-29T12:31:53","date_gmt":"2022-09-29T07:01:53","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=25281"},"modified":"2022-09-29T18:34:43","modified_gmt":"2022-09-29T13:04:43","slug":"dubai-plans-new-economic-output-metric-for-metaverse-economy","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/news\/dubai-plans-new-economic-output-metric-for-metaverse-economy\/","title":{"rendered":"Dubai plans new economic output metric for metaverse economy"},"content":{"rendered":"<p>UAE is considering implementing a new economic output metric to measure the contribution of metaverse to its economy, according to Omar bin Sultan Al Olama, minister of state for artificial intelligence, digital economy, and remote work applications.<\/p>\n<p>Gross Metaverse Product (GMP) will now be the new measure of the country\u2019s economic success, instead of Gross Domestic Product (GDP), the minister said at the first-ever Dubai Metaverse Assembly. GMP is meant to showcase the potential of metaverse technology and how it can be a significant contributor to the future economy.<\/p>\n<p>\u201cGross Metaverse Product will be able to create billions of dollars in returns from Dubai without people being physically in the emirate but experiencing it in the metaverse,\u201d Al Olama said as part of his address.<\/p>\n<p>The details of the Dubai Metaverse Strategy were unveiled on Wednesday, 28 September 2022 in the presence of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. The sectors where the new metric will be applied include tourism, education, retail, real estate, and the government.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I attended the Dubai Metaverse Assembly at the Museum of the Future today. More than 500 global experts are in Dubai to design the future of the metaverse and explore its potential applications. Dubai remains a global hub for testing and developing future technologies <a href=\"https:\/\/t.co\/PYZq5B6HVu\">pic.twitter.com\/PYZq5B6HVu<\/a><\/p>\n<p>&mdash; Hamdan bin Mohammed (@HamdanMohammed) <a href=\"https:\/\/twitter.com\/HamdanMohammed\/status\/1575098896006934528?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">September 28, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Dubai is one of the early adopters of the emerging metaverse technology, and the country\u2019s leadership has taken a number of steps to promote further adoption. The idea of the Metaverse Strategy became public in July. It aims to create 40,000 new jobs and add $4 billion to the Emirati economy in the next five years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>UAE is considering implementing a new economic output metric to measure the contribution of metaverse to its economy, according to Omar bin Sultan Al Olama, minister of state for artificial intelligence, digital economy, and remote work applications. Gross Metaverse Product (GMP) will now be the new measure of the country\u2019s economic success, instead of Gross [&hellip;]<\/p>\n","protected":false},"author":67,"featured_media":25286,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[7701],"tags":[6467,6536],"class_list":["post-25281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-news"],"acf":{"json_ld_schema":"\n[{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#FAQPage\",\"headline\":\"Wall Street jottings: A personal, guided tour to investing in US stocks\",\"keywords\":\"Personal Guide, US Investing, \",\"datePublished\":\"2022-07-22T13:28:55+05:30\",\"dateModified\":\"2022-09-19T19:04:28+05:30\",\"dateCreated\":\"2022-07-22T13:28:55+05:30\",\"author\":{\"@type\":\"Person\",\"name\":\"Deepan Datta\",\"description\":\"A keen observer of the crypto market and believes crypto\/blockchain will bring the next phase of the industrial revolution and build an inclusive society.\",\"url\":\"https:\/\/coinswitch.co\/switch\/author\/deepan\/\",\"sameAs\":[],\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ea29018d03e4615947c5df3ce7b4030b?s=96&d=mm&r=g\",\"height\":96,\"width\":96}},\"image\":[{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#primaryimage\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings.jpg\",\"width\":\"1800\",\"height\":\"1080\"},{\"@type\":\"ImageObject\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings-1200x900.jpg\",\"width\":\"1200\",\"height\":\"900\"},{\"@type\":\"ImageObject\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings-1200x675.jpg\",\"width\":\"1200\",\"height\":\"675\"}]}]\n","json_ld_custom_schema":"","key_takeways":false,"youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":true,"select_disclaimer":"Article Default Disclaimer"},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/25281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=25281"}],"version-history":[{"count":4,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/25281\/revisions"}],"predecessor-version":[{"id":25323,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/25281\/revisions\/25323"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/25286"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=25281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=25281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=25281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}