UAE: The World Blockchain Summit will open doors for cryptocurrency and metaverse entrepreneurs.
Dubai is aiming to become a major global tech hub by luring businesspeople, investors, and even cryptocurrency influencers.
On October 17 and 19, the World Blockchain Summit Dubai is scheduled to take place at Atlantis, The Palm. It is one of the most exclusive events in the global blockchain and cryptocurrency ecosystem.
The Middle East’s blockchain market is expected to be worth $3.2 billion by 2023, and Dubai has set its sights on becoming a global tech hub by luring entrepreneurs, investors, and even crypto influencers. The sector’s market capitalization hit $1.4 trillion, up 86 percent year-over-year.
Over 30 exchange licenses have been issued by the UAE in the past year, along with the creation of a specialized regulatory body. Will the market expand even more quickly under the UAE’s new regulatory framework, Will the Emirati government be able to quickly and successfully regulate cryptocurrency? This is the question that everyone at the moment. In order to understand what the future of blockchain and cryptocurrency looks like globally, not just for Dubai, but for the entire world, the World Blockchain Summit aims to address the most pressing questions and bring together industry experts and thought leaders.
The summit will include presentations, use-case studies, and educational sessions by global technology providers who will be showcasing their latest innovations created with the primary focus of enabling businesses and organizations to adopt blockchain and cryptocurrency solutions. This is in keeping with Dubai’s vision of being a global Web3 hub, leadership backer, and provider of a regulatory framework for digital assets.
“The government’s focus on blockchain is evident in the UAE, with various initiatives and ventures related to the technology,” said Mohammed Saleem, the founder of the World Blockchain Summit. The main focus of the event will be to examine what the UAE can expect in the future with regard to the adoption of blockchain technology across various industries and regulatory developments.
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