Dubai Developing Its Own Mall Of The Metaverse Shopping Centre

Share This Post

Dubai has partnered with Decentraland to develop its own Mall of the Metaverse, a virtual shopping centre. The mall will cater to visitors “who are seeking increased digital experiences across retail, entertainment, and leisure offerings.” This is according to a recent announcement made at the World Government Summit.

The Mall of the Metaverse will represent famous mall chain Majid Al Futtaim, albeit in the Web3 space. Once development is complete, several tests will be conducted before it is opened to virtual shoppers. Visitors will be able to visit and shop inside the mall using their Web3 avatars, where they will find top brands such as Carrefour, Samsung Store, VOX Cinemas, Ghawali, and THAT Concept Store. With time, more exciting features will be added, including the number of accessible brands.

For now, the virtual mall is in its initial phase of development as the team behind the project assesses what potential customers might want and what they might expect from it. According to Khalifa bin Braik, CEO of Majid Al Futtaim Asset Management, the mall will be the leading retail and entertainment destination. Thus, he expects it to be a “huge attraction for customers who crave digital experiences from their most loved brands.”

The Mall Of The Metaverse Is Dubai’s Most Recent Web3 Initiative

It turns out Majid’s push for a virtual mall in the Metaverse is based on increased demand for digital experiences over the past few years. At least that is the sentiment of Fatima Zada, director of Omnichannels and Digital, Majid Al Futtaim Shopping Malls.

In a statement, she notes, “We work to leverage behavioral science and data to deliver customers what they want and desire. Our swift consumer observations, followed by an action plan and a series of testing stages, has now led to a fully-fledged project that is a step ahead of online shopping — Mall of the Metaverse.”

The news comes at a time when the UAE has been pushing to establish itself on Web3 through various initiatives. It is believed that Dubai has a Metaverse strategy that will support over 40,000 virtual jobs and add over $4 billion to its economy by 2028.

Dubai Developing Its Own Mall Of The Metaverse Shopping Centre is written by Basil Kimathi for

Related Posts

US energy officials agree to ‘destroy’ all data from crypto mining survey

United States energy officials have reached an agreement with...

Binance’s woes in Nigeria continue to mount

Binance’s woes in Nigeria continue to mount.  There was confusion...

Cryptocurrency Mining: A Beginner’s Guide to Generating Digital Assets

Cryptocurrency mining is a process that allows individuals to...

Inside Web3War v3.0: Ranked Matches, Real Rewards, and Skill2Earn Dynamics

Roll1ng Thund3rz has unveiled the latest version of its...

Diversifying Your Cryptocurrency Portfolio: Strategies for Beginner Investors

Diversification is a fundamental principle of investment management that...

Understanding Blockchain Technology: The Foundation of Cryptocurrency

Blockchain technology has emerged as the backbone of cryptocurrencies,...
Ethereum (ETH) $ 3,426.40
Bitcoin (BTC) $ 61,938.60
Tether (USDT) $ 1.00
XRP (XRP) $ 0.630354
BUSD (BUSD) $ 1.00
Cardano (ADA) $ 0.732993
Dogecoin (DOGE) $ 0.138405
Litecoin (LTC) $ 91.79
Solana (SOL) $ 128.37