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RIYADH: MetaIncubator is the first Metaverse incubator in the Middle East and its goal is to incubate early stage projects at the Dubai World Trade Center, known as DWTC.

It is in line with the Dubai government’s digital strategy and provides engineering, tokenomics, marketing, and investment services to startups.

MetaIncubator also aims to make Dubai the leader in the Metaverse industry, Zawya reported.

DWTC has become a comprehensive district and regulator for virtual assets and crypto.

“MetaIncubator will join that effort to help build the Metaverse and Web3 ecosystems in Dubai. Its plan is to start with Dubai and serve the UAE and then continue to all GCC countries,” Sam Lai, the founder and CEO of MetaIncubator said.

Lai added: “It will help attract foreign Metaverse and Web3 projects to move into the region in order to help double the size of UAE’s digital economy from its current worth of over 100 billion dirhams. Achieving sustainability through high-tech job creation, honing talents, and foreign investments and potentially making UAE the top Metaverse and Web3 development center in the world.”

“We are very technology-driven when picking startups and hope to leverage our extensive experience in startup building and investing to curate the best Metaverse and Web3 projects that pass through the Dubai ecosystem and help them grow not just locally but also internationally,” the CEO added.