Breaking News
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% Upgrade now

Dubai Plans To Offer 40,000 Virtual Jobs To Build Metaverse Economy Amid Bear Market

Cryptocurrency Jul 21, 2022 03:10
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Dubai Plans To Offer 40,000 Virtual Jobs To Build Metaverse Economy Amid Bear Market

Dubai looks to offer 40,000 virtual jobs, endeavoring to build a leading metaverse economy.

What Happened: In a recent plan revealed by Sheikh Hamdan bin Mohammed, Dubai’s crown prince, it was stated that Dubai looks to offer 40,000 virtual jobs and multiply the blockchain companies existing in the region by 500% by 2027.

The statement further highlighted that Dubai already is home to 1,000 companies based on the blockchain.

These companies currently contribute over $500 million to the national economy. Furthermore, the government endeavors to advance the adoption of innovative technologies, such as blockchain technology, by constructing effective platforms for technology users.

They further seek to create an effective regulatory framework surrounding cryptocurrencies to advance large-scale adoption. Why It Matters: This news comes amidst a plunging cryptocurrency market, with around $2 trillion being wiped recently from the sector, as major coins such as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) all losing a lot of ground. Therefore, Dubai’s latest initiative is bullish for the cryptocurrency space in the long term, serving as a crucial step in global adoption for that sector.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Dubai Plans To Offer 40,000 Virtual Jobs To Build Metaverse Economy Amid Bear Market
 

Related Articles

Reasons for HOPE
Reasons for HOPE By Benzinga - Oct 03, 2022

Good Morning Everyone! Credit Suisse (SIX:CSGN), one of the world’s largest banks is in trouble. Stock trading at record low, credit default swaps at 2009 highs and CEO...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email