The ministry of the economics of UAE created a new virtual office in the Metaverse. They choose Metaverse for their “third office” as they want to register themselves in the visual world. This Virtual Office is accessible to everyone worldwide and offers the same facilities as the main building of the UAE ministry in Abu Dhabi.

What Is Metaverse?

In just one word, Metaverse is the internet. It provides 3D experiences of whatever you think of, from a Shakespeare drama playing in your living room to experimenting with your new science project from the seashore. Metaverse is a kind of online connection. It links virtual worlds together that resemble the real world. We call it virtual reality.

Devices we use every day, such as smartphones and PCs or laptops, are already compatible with Metaverse. Therefore Metaverse is becoming more and more accessible each day with an increasing number of supporting technological devices and projects

What did UAE release?

The ministry of the economy in the UAE created a new digital office in Metaverse. The UAE is a pioneer in developing high technology in the middle east. The ministry of the economy announced on its Twitter account that this Office would be its third Office after the physical Office in Abu Dhabi. This digital Office aims to create an environment to facilitate conferences and events in digital environments like an auditorium. In addition, one of the functions of the metaverse office is to help users to sign contracts virtually.

What Does the Office Look Like?

The Office in Metaverse looks like an actual building with many floors. Each floor has its services. In this virtual Office, there are some features for making conversation with each other or shaking hands. Also each user has their own avatar, these avatars can walk through the office and move like a human being. A banner also mentions that they provide Webinars and even customer support there.

The critical point is that this Office is accessible globally. Global companies can use this Office to sign verifiable contracts.

Why Create a Virtual Office in Metaverse?

As an oil-based country, the UAE is taking steps to create a different variation for the Petrol base economy.It seems like UAE investments on technology is versatile of oil, for the future. It is good to mention that Emirati AI invested 10$ billion this year just for futuristic technologies.

How does Metaverse Office Work?

In the opening event of the UAE Metaverse Office, the minister of Economy, Abdulla bin Touq Al Marri, presented an overview of the Headquarters. On tour, the branch appeared as a multi-purpose structure. It shows the ministry building as it is in the real world. Guests need to buy an entrance ticket, and after your purchase, a notification is sent to the Customer Happiness Centre. The message will allow the team member to join the Metaverse office. The customer and the officer can interact by voice in the UAE Metaverse office, which is the next generation of customer service. Metaverse office also provides a feature for customers to talk individually with each other.

What is the auditorium of the Virtual Office?

In this Metaverse office, Users can host events such as conferences and meetings. They can share their screen, like sharing it with their colleagues in the real world, in the conference room.

In addition to new the Metavrse Office, the UAE government also had an experience of a virtual office in Dystopia. In Dystopia they have streamed an auditorium, which people can join and create a sense of physical presence. 

A significant feature of the Metaverse auditorium is that it allows one to sign agreements and DocuSign. This feature helps to have more and more accessible interactions with international companies. Also, it will enable business partners to sign binding agreements, so there is no need to be physically in the UAE to sign any legal documents.

The perspective of the Metaverse Office

The UAE government predicted that by 2030 it would provide 40.000 jobs. Government plans that with this Metaverse office and other futuristic technologies, which will be released step by step, the number of blockchain companies will increase five times.

Due to Al Marri’s, the minister of economy, explanation, the headquarter is a step ahead in regards to efficiency since anybody dealing directly with the Ministry “no longer has to come to the UAE to sign an agreement.” He also mentioned that the UAE can utilise its role as a global trade entry to become a digital trade centre and a premier metaverse industry,”

The UAE’s bold Metaverse project intends to compete with South Korea and China, whose authorities have similarly outlined ambitious strategies for digital environments.

The Metaverse’s efforts are linked with government goals to turn the country into a centre for cryptocurrencies.

Conclusion

In conclusion, we see the crypto world developing and going further daily. The worldwide metaverse sector is predicted to be worth $1.6 trillion by 2030, with a 43.3 percent growth rate per year. Many countries, even with sources of gas and oil, are investing in futuristic technologies like Metaverse, converting their assets into cryptocurrency or many other examples. The rapid growth of the blockchain and crypto world is also a good motivation for digitaliasing. We may guess that blockchain is the future of the world. Digitization is critical for the new economic model in the next 50 years, and the metaverse is one of the most interesting developments in this sector.