German based metaverse company, Metayo has announced that it will join Dubai’s metaverse ecosystem. This comes soon after Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum announced the new metaverse strategy which will add 4000 metaverse and blockchain companies to the already existing 1000, create 40,000 new virtual jobs an add $4 billion to city’s GDP within five years.
Metayo, the German Metaverse holding company, with patented and proprietary software solutions, will be a key player in this new ecosystem.
Metayo will work to enhance the interoperability between metaverses, building bridges between these digital worlds. Metayo will utilise its patented software solution Holoswitch application to do this.
In addition Metayo will utilise NFT ( Non Fungible Token) technologies to digitize luxury goods making them accessible for the Web3.
In April, global investment bank Citi said the potential size of the global metaverse market could be $30 trillion by 2030. However, other firms such as the Big Four accounting firm KPMG have said that these figures may be too conservative.
