The 2022 Web3 Transformation Champions Felicitated at the MetaDecrypt Summit

Dubai, United Arab Emirates–(Newsfile Corp. – July 13, 2022) – MetaDecrypt Web 3.0 Summit, powered by Woodstock was hosted at the Museum of the Future on July 2nd-3rd 2022, in exclusive collaboration with Khaleej Times.

The summit was inaugurated by Khalifa AlJaziri, AlShehhi, Co-Founder, Dubai Blockchain Center, Ministry of Economy – Advisor – Metaverse & XR. Khalifa shared Dubai’s vision to be the center of Web 3.0 technologies and the efforts UAE is taking to be a country that is open to innovative, futuristic Web 3 opportunities with ease in regulations and providing all the support the players may require in this ecosystem. “At the end of the day, you want to be in an ecosystem that accepts you and is waiting for you. At the local and federal levels, we are aware of what’s happening globally and are part of creating the future for everyone. We have the appetite to change regulations with the help of the Regulation lab – a lab to test regulations. It is over and above the federal and local governments giving individuals 6-12 month licenses to test their future-oriented technologies”, said Khalifa Aljaziri, Al Shehhi.

The two-day knowledge summit encompassed masterclasses and panel discussions by experts from the Web 3.0 space deep-diving into Blockchain, Mining, Fundraise, NFTs, Metaverse and the Future of Work. With over 50 global speakers sharing deep insights and views on the potential of the Web 3 technologies and the accelerated pace at which it is growing. “The market size of the Metaverse is predicted to be USD 800 billion by 2024, and we expect 10,000 Metaverse-related jobs over 5 years”, says Thomas Kuruvilla.

The summit ended with felicitating individuals and companies that have been playing a vital role in transforming and shaping the Web 3.0 space.

Figure 2: The 2022 Web3 Transformation Champions felicitated at the MetaDecrypt Summit