The UAE promotes the development of the Web3 gaming industry, with 90% of its adult population participating in gaming

2025-01-02 12:24:55

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ChainCatcher news, the UAE is actively promoting the Web3 gaming industry as part of its economic diversification strategy to reduce dependence on oil.

The country's gaming market is valued at $420 million, with 90% of the adult population participating in gaming. Dubai's "2033 Dubai Gaming Plan" aims to contribute $4 billion to GDP by 2030 and create 27,000 jobs. The plan focuses on developing an integrated gaming ecosystem with virtual reality (VR), artificial intelligence (AI), and Web3 technologies.

The Dubai Multi Commodities Centre (DMCC) has become the core of the Web3 gaming ecosystem, attracting over 100 gaming companies. DMCC supports industry innovation and growth through collaboration with the gaming and cryptocurrency sectors, providing funding, incubation, and talent recruitment.

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