UAE: World Blockchain Summit offers opportunities for crypto and metaverse innovators

On October 17 and 19, the World Blockchain Summit Dubai is scheduled to take place at Atlantis, The Palm. It is one of the most exclusive events in the global blockchain and cryptocurrency ecosystem.
Dubai has set its sights on becoming a global tech hub by attracting entrepreneurs, investors and even crypto influencers as the sector’s market capitalisation hit $1.4 trillion, up to 86 per cent year-on-year, with the Middle East’s blockchain market anticipated to be worth $3.2 billion by 2023.
The UAE has begun implementing crypto regulation in the past year, issuing more than 30 exchange licenses and establishing a devoted regulatory body. But will UAE’s new regulatory structure make the market grow even faster? Will the Emirati government be able to regulate cryptocurrency quickly and effectively? World Blockchain Summit aims to answer the most pressing questions and bring together industry experts and thought leaders to understand what the future of blockchain and crypto looks like — not just in the case of Dubai, but also in the world.
In line with Dubai’s vision of being a global Web3 hub, leadership backer and provider of a digital asset regulatory framework, the summit will feature presentations, use-case studies and educational sessions by global technology providers who will be showcasing their latest innovations designed with the primary focus of enabling businesses and organisations to adopt blockchain and crypto solutions.
The World Blockchain Summit’s founder, Mohammed Saleem, stated “The government’s attention on blockchain is visible in the UAE, with many programmes and ventures related to the technology, The main purpose of the event is to examine what the UAE might expect in the future with regard to the adoption of blockchain technology across various businesses and legislative developments”.