zawya: The Dubai World Trade Centre (DWTC) has been designated as a comprehensive zone and regulator for virtual assets and crypto, comprising virtual assets, products, operators, and exchanges.

Founded in Dubai, MetaIncubator is the first Metaverse Incubator in the Middle East, and its objective is to foster the development of early-stage Metaverse and Web3 applications. Tokenomics, marketing, and investment services are provided to entrepreneurs as part of the Dubai government's digital plan, according to a media release.

It is also beneficial to businesses wishing to enter the rapidly expanding markets of the Middle East and North Africa (MENA). As a part of the Metaverse industry, MetaIncubator seeks to make Dubai the industry leader.

The Dubai World Trade Centre (DWTC) has been designated as a comprehensive zone and regulator for virtual assets and crypto, comprising virtual assets, products, operators, and exchanges. An attractive and thorough ecosystem will be created for that progressive sector in Dubai to thrive. Dubai's Metaverse and Web3 industries will be bolstered by this and become a major development engine in the next 10 to 20 years.

The Metaverse and Web3 ecosystems in Dubai will benefit from MetaIncubator's aid. It intends to begin with Dubai and serve the United Arab Emirates, and eventually expand to all GCC nations. The UAE's digital economy, which is currently valued at over AED 100 billion, will be able to double in value thanks to the influx of overseas Metaverse and Web3 initiatives.

The United Arab Emirates (UAE) has the potential to become the world's leading Metaverse and Web3 development center through a combination of high-tech job creation, training, and foreign investment.

The United Arab Emirates and Dubai truly have most of the successful elements, such as open support for innovation and technology, and a fantastic city lifestyle that business executives and software engineers both adore." As the CEO and founder Sam Lai put it.

"We are very technology-driven when picking startups and hope to leverage our extensive experience in startup building and investing to curate the best Metaverse and Web3 projects that pass through the Dubai ecosystem and help them grow not just locally but also internationally. Moreover, I look forward to working with startup owners who are keen to make the world a better place, rather than just modify it. Working with audacious entrepreneurs and integrating cutting-edge technology into new business models makes me excited to come to work every day, "added Sam to the list of participants.