The tech investment world has grown rapidly in the last 20 years since the dot com boom. Investors have gone from investing in microchip manufacturing companies to internet marketplaces such as Amazon and eBay. And even though investors understand the rapid changes & growth of the tech world, they have been having a hard time investing in web 3.0 (Crypto, DeFi etc.) world. However, this all changed with the arrival of metaverse.
The metaverse concept coming to reality helped investors understand how the world will shift from a web 2.0 world that runs on a centralized internet to a web 3.0 world that works seamlessly in a decentralized fashion. Moreover, this allowed investors to see that the value crypto brings is not just about tokens that go up and down in price but that crypto is about a peer-to-peer transaction system that is fast and connected to all aspects of web 3.0 and the metaverse. And this is how tech will evolve and be pushed to the next level. And since then, governments around the world have announced billions of dollars in funding for metaverse and web 3.0 development.
The Dubai government aims to create 40,000 jobs in the metaverse over the next five years as well as add $4 billion into the economy through metaverse and web 3.0 development. And it’s for this reason that a summit such as METAVSUMMIT exists.
METAVSUMMIT helps bring the top web 3.0 and metaverse companies from over 20 countries to meet investors and strategic partners in Dubai. With the help of title sponsor www.CyCoin.com, which is one of the largest Web 3.0 eco system projects with their own Metaverse, METAVSUMMIT will bring together hundreds of founders and engineers from the metaverse and web 3.0 world to showcase their companies and innovations in Dubai on Sept 14th to 15th 2022.
METAVSUMMIT continues to focus on making sure that Dubai & GCC investors and strategic partners are being educated to maximum capacity on Web 3.0 and Metaverse developments. And the event will continue to push for this mission as the belief in a Web 3.0 decentralized world is strong and much needed for humanity to progress without borders.