Saudi Arabia launches world's first national-level 'Metaverse” platform

News on February 26, according to reports from Middle East media such as GulfNews, the Ministry of Culture of Saudi Arabia recently announced the launch of the world’s first national-level “Metaverse” platform, which is powered by advanced “Generative Media Intelligence” (GMI) artificial intelligence The system provides technical support.

It is reported that the platform was launched on Saudi Arabia’s Founding Day (Note: February 22), aiming to integrate cultural and artistic connotations and digital innovation. Users can visit various Great attractions or participate in various activities, such as the Founding Day celebrations. At the same time, the platform showcases the achievements of Saudi music, art, history, cooking and craft culture.

The platform also features mini electronic games and a performance center, and also supports broadcasting live events such as symphony concerts. It features a "historic and cultural district" designed to encourage a global audience to explore Saudi Arabia's heritage and culture.

It is reported that users can access this national "Metaverse" platform through mobile phones, VR headsets, computers and other devices. Millions of people can access this platform no matter where they are or what technology they use. Everyone can participate in and experience Saudi culture in the "meta-world".

Celebrate Founding Day with Metaverse in Saudi Arabia

According to authorities, the Metaverse program will include cultural performances, music, dance and craft activities. It is worth noting that historical walks, user participation games and other activities are important highlights of this edition.

Saudi Arabia’s Founding Day event showcased the country’s history since 1727 and was live-streamed on the Metaverse platform.

“This cross-platform compatibility demonstrates the Ministry of Culture’s commitment to inclusivity, allowing diverse audiences around the world to explore and engage with the rich history of Saudi culture.”

Available via laptop, Devices such as virtual reality (VR) headsets and mobile phones access virtual universes.

Web3 strategy in Middle East attracts new companies

Saudi Arabia has been looking to explore digital alternatives to diversify its economic sources and stimulate the growth of Web3.

Last year, it was reported that Saudi Arabia invested $50 million in the Metaverse company Animoca, with plans to become a blockchain center in the region.

The country’s project NEOM collaborates with Animoca to develop digital initiatives. Metaverse Headlines (WeChat id: TopMetaNews) provided US$25 million to the company as convertible notes, and another US$25 million was used to purchase Metaverse shares.

Majid Mufti, CEO of NEOM Investment Fund, praised the collaboration for bringing proper Web3 architecture to the fore.

"We are pleased to partner with AnimocaBrands to support the development of Neom's digital infrastructure. Web3 technology and infrastructure development will not only become an important foundation for Neom's technology stack and architecture, but also have the potential to revolutionize the global industry."

Since the beginning of 2023, the Middle East has seen significant investment in Web3, with major jurisdictions vying to become the Web3 hub for digital investment in the region.

Web3-based companies have flooded into the local market after Dubai launched a program that provides businesses with 90% licensing subsidies. Additionally, the region granted a web3 license to the AYA platform, a cryptocurrency-friendly company that supports conservation and natural credit.

The post Saudi Arabia Launches Metaverse Initiative to Celebrate Cultural Heritage appeared first on Cryptonews.

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