• Research report shows the metaverse will inject $15 billion into GCC countries by 2030.
• According to the report, the metaverse is projected to transform how GCC residents carry out basic engagements.
• The technologies underpinning the GCC metaverse program are VR, AR, Blockchain, and Haptic Technology.

According to a Strategy and PwC report, the metaverse industry will inject $15 billion into GCC (Gulf Cooperation Council) countries by 2030. The report noted existing metaverse initiatives in Saudi Arabia and the United Arab Emirates that could extend to the rest of the region. Strategy and PwC noted the GCC aims to explore the “enormous possible impact” of the metaverse in energizing and transforming various sectors in their economies.

The report highlighted the potential of the metaverse to provide a world of possibilities. It argues that this potential does not stop at next-generation gaming and internet shopping. The report’s viewpoint is for the metaverse to transform how the residents of GCC countries work, transact, plan, design, build, shop, recreate, travel, and live.

Notably, the report cited four advanced technologies underpinning the GCC me…

The post GCC Nations Target A $15 Billion Metaverse Opportunity by 2030 appeared first on Coin Edition.

• Research report shows the metaverse will inject $15 billion into GCC countries by 2030.
• According to the report, the metaverse is projected to transform how GCC residents carry out basic engagements.
• The technologies underpinning the GCC metaverse program are VR, AR, Blockchain, and Haptic Technology.

According to a Strategy and PwC report, the metaverse industry will inject $15 billion into GCC (Gulf Cooperation Council) countries by 2030. The report noted existing metaverse initiatives in Saudi Arabia and the United Arab Emirates that could extend to the rest of the region. Strategy and PwC noted the GCC aims to explore the “enormous possible impact” of the metaverse in energizing and transforming various sectors in their economies.

The report highlighted the potential of the metaverse to provide a world of possibilities. It argues that this potential does not stop at next-generation gaming and internet shopping. The report’s viewpoint is for the metaverse to transform how the residents of GCC countries work, transact, plan, design, build, shop, recreate, travel, and live.

Notably, the report cited four advanced technologies underpinning the GCC me…

The post GCC Nations Target A $15 Billion Metaverse Opportunity by 2030 appeared first on Coin Edition.