Future Blockchain Summit Will Address UAE’s Vision for Web 3 Economy

[Dubai – UAE] – The MENA region’s first and largest blockchain conference and exhibition will return to the Dubai World Trade Centre (DWTC) from October 10-13, 2022.

The fifth edition of the Future Blockchain Summit will serve as a meeting point for the world’s most disruptive business technology trends.

The UAE is poised to be a global hub for cryptocurrency as marketing capitalization hits $1.4 trillion up 86% year-to-date, with the Middle East’s blockchain market anticipated to be worth $3.2 billion by 2023.

Following the launch of “Dubai Metaverse” – a project headed by Dubai’s Crown Prince Sheikh Hamdan bin Mohammed to place the city among the top 10 metaverse economies globally and first in the region; the emirate’s vision of transforming into a global capital of advanced technologies, primarily artificial intelligence (AI) and Web3 is on course.

The metaverse sector will support as many as 40,000 additional virtual jobs and generate up to an estimated $4 billion for Dubai’s GDP by 2030.

The “Dubai Virtual Assets Regulatory Authority” (VARA) of 2022 which is affiliated with the Dubai World Trade Centre has been set up as the competent entity in the emirate in charge of regulating, supervising, and overseeing Virtual Asset services; and will have legal personality, financial and administrative autonomy, and the legal capacity required to undertake all acts and dispositions that ensure the achievement of its objectives.

In line with Dubai’s vision of being a global Web3 hub, leadership backing, and digital asset regulatory frameworks, the premier event showcasing blockchain innovations and global case studies will provide industry players the opportunity to leverage countless networking opportunities, an expert conference program, and transformational workshops to explore distinct themes including Blockchain for Enterprise, The Future of Digital Assets and Into the Metaverse.

Channeling global dialogues and thought leadership, the Summit on Digital Assets Regulation will focus on defining the risks and the path to building a legal framework to establish competitive crypto hubs on the global stage.

A session on NFTs, Gaming and Investing in the Metaverse will dialogue on taking gaming to the next frontier of virtual worlds with GameFi and Play to Earn (P2E).

Winning Code Supremacy in Battle for Blockchain Adoption will focus on gaining adoption and setting infrastructure priorities between scalability, security, and decentralization.

Statistics from a survey by Dubai World Trade Centre revealed that 71.3 percent of attendees to the Summit intend to invest in blockchain technology over the next 12 months.

The Future Blockchain Summit will be co-located with seven other specialized events taking place alongside GITEX Global 2022.

Visit the event website for more information on the Future Blockchain Summit, as well as registration details.

About Dubai World Trade Center

Since its inauguration in 1979, Dubai World Trade Centre (DWTC) has played a pivotal role in the growth of Dubai’s business tourism and trade.

Having the largest purpose-built complex for events and exhibitions in the region, its mission is to deliver ‘Destination Dubai’ for the region, by providing a world-class business networking platform with integrated end-to-end services.

As the epicentre for businesses in the Middle East, DWTC connects people, products, and ideas from around the globe through its year-round calendar of international trade fairs, blockbuster consumer shows and prestigious conferences.

With a focus on the future development of Dubai and the UAE, DWTC has a vision of making the city the world’s leading destination for all major exhibitions, conferences, and events.

To know more about the Dubai World Trade Centre, kindly visit their official website.

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