How Dubai Is Attempting to Become the World’s Ground Zero for Blockchain, Metaverse & Virtual Assets
In August, Dubai Chamber of Digital Economy, one of three chambers operating under the umbrella of Dubai Chambers, announced the formation of the Dubai Digital Assets Business Group (D2A2), which aims to strengthen the digital asset industry’s role in the economic development of the UAE and the wider Middle East region, enhance digital business infrastructure, and support the growth of digital companies in Dubai.
Digital assets are anything digital that has value and has established ownership. Digital assets then include everything from data, videos, images and photos, written content, and extends to include cryptocurrencies, non-fungible tokens (NFTs), and virtual real estate in the metaverse. D2A2 is expected to focus on everything related to digital assets, from business avenues, legislation, and licensing. In the mo