Yas Island has been recreated in the metaverse as part of the first phase of replicating Abu Dhabi in the virtual world.
The initiative, which involves the Ministry of Culture and Tourism – Abu Dhabi, Aldar, Miral, twofour54, Abu Dhabi Motorsports Management, Flash Entertainment and Yas Island – offers visitors virtual access to the island’s many attractions.
Yas Island Metaverse allows users to build and buy digital homes, discover cultural attractions, enjoy theme park adventures, special events, world-class golf courses and the Yas Marina Race Course.
“As the emirate’s offering evolves, this project offers a new and compelling perspective that will allow the world to discover Abu Dhabi in its own time and space,” said Saood Al Hosani, Deputy Secretary of DCT Abu Dhabi.
“The innovative, interactive platform is perfectly suited to highlight the unique lifestyle, cultural and entertainment experiences that Abu Dhabi offers to all visitors, empowering both virtual residents and travelers alike to design their own unique Abu Dhabi itinerary – in a brand new reality.”
The project is currently under development, DCT Abu Dhabi said.
It added that the island will be recreated using “several of the world’s leading metaverse platforms, including The Sandbox and Roblox, and powered by Super League Gaming.”
It will be operational and fully accessible to digital visitors when it is completed in the first quarter of 2023.
Organizations in the UAE are expanding their involvement in the metaverse in line with the country’s digital push.
Last month, the Ministry of Economy of the United Arab Emirates announced its new headquarters in the metaverse, where it will offer its full range of services to the growing number of users of the virtual world.
In June, Ajman police launched a metaverse platform that allows users to interact with authorities.
And in May, Dubai’s Virtual Assets Regulatory Authority entered the metaverse by establishing the Metaverse headquarters, making it the first regulator to have a presence there.
It announced at last month’s Dubai Metaverse Assembly that Dubai is considering plans to introduce a new economic output metric – “gross metaverse product” – to measure the metaverse’s contribution to its economy.
What is the metaverse?
The metaverse is a place where people, represented by avatars or three-dimensional characters, can interact in virtual worlds.
It is part of Web3, the next evolutionary step of the Internet, whose core components are blockchain, decentralization, openness, and greater usability.
The value of the global metaverse market is projected to exceed $1.6 trillion by 2030, with an annual growth rate of more than 50 percent to an estimated $40 billion in 2021, Canada-based Precedence Research said.
Dubai Metaverse Assembly – in pictures
Updated: October 21, 2022 at 2:11 p.m