CRYPTO NEWS

CoinEx & ViaBTC Co-host NEW BLOC NIGHT to Explore New Trends in the Industry

Last week, New Bloc Night, the opening party of Austin blockchain week hosted by NEW BLOC, came to a successful conclusion at the Otis hotel in Austin.

As sponsors of this event, CoinEx and ViaBTC, together with more than 20 well-known investment institutions, public chain, DAPP, DAO, Web3.0, cryptographic financial service providers and other blockchain industry leaders, participated in speeches and round table meetings to jointly discuss the problems and development trends of the cryptographic industry, explore ways to compound interest growth of cryptographic assets.

A number of distinguished guests shared their insightful and original views on the event. Nearly 200 employees in the encryption industry participated in the event online and offline.

In addition, industry insiders including CoinEx & ViaBTC Partner Adam Chastain, ZKSpace Director of Business Development Mattias Borg, and FlashMining Founder & CEO Jackey Lin engaged in fantastic roundtable discussions and offered their views on trending topics like “Crypto Mining and Carbon Emissions: Trends in Crypto Mining”, “Decentralization vs. Centralization”, and “Web3 is What Young People Yearn For: What are the new opportunities?”.

As a world-leading all-inclusive mining pool and also a staunch advocate of mining with clean energy, ViaBTC gave its views on crypto mining and carbon emissions that technological progress will address all such concerns. ViaBTC Pool has always been looking for technical solutions to energy sustainability in the field of crypto mining. In addition, it is also working with institutions such as QITALE, a mining organization from Minnesota, USA that uses water energy, and SAI.TECH, an operator of clean computing power.

Though the annual crypto carnival of Austin Blockchain week has ended, the development of the blockchain world still requires the joint efforts of crypto believers from all over the world. Meanwhile, ViaBTC will also remain dedicated to the blockchain space. Relying on cutting-edge Fintech, ViaBTC aims to facilitate blockchain progress and build a better future via blockchain, thereby realizing its mission – Via Bitcoin, Making the World a Better Place.

 

Dubai Is Preparing to Take Its Government to the Metaverse

The Government of Dubai is preparing to make part of its offices available in the metaverse, according to reports. The country is currently seeking third parties to help it arrange the transition of some of its departments to the virtual world, per statements made at a metaverse event by Sharad Agarwal, chief metaverse officer of::Listen

dubai

The Government of Dubai is preparing to make part of its offices available in the metaverse, according to reports. The country is currently seeking third parties to help it arrange the transition of some of its departments to the virtual world, per statements made at a metaverse event by Sharad Agarwal, chief metaverse officer of Cybergear.

Dubai Reportedly Taking Government Functions to the Metaverse

Dubai, an emirate that is part of the United Arab Emirates (UAE), is reportedly taking some of its government departments into the metaverse, to allow users to perform actions in these facilities in the future. This would be the next step for the country, which has previously presented its Dubai Metaverse Strategy to position this technology as an important part of the future of the emirate.

Sharad Agarwal, chief metaverse officer of Cybergear, a Dubai-based metaverse company, talked about this process at a local metaverse-themed event. He stated:

We have started getting a lot of inquiries from government departments and ministries to make them Metaverse-enabled. It is just a matter of time before Dubai becomes the crypto and Metaverse hub of the world.

However, the construction of these areas and the establishment of their functions will take time. “There is hard work involved, so you need to decide what services you want to offer and business model and then onboard community just like it exists in the physical world,” Agarwal further explained.


Countries Betting on Metaverse & Applications

Dubai has been one of the countries that has put a global plan in place to make the metaverse a profitable industry in the future. The Dubai Metaverse Strategy, a group of directives that aim to make the metaverse contribute 1% to the GDP of the country for 2030, aims to provide 42,000 virtual jobs by that same year. Other countries like South Korea are also investing heavily into developing their own metaverse industry, allocating $177 million for this endeavor.

While some fail to see the enticement of the metaverse for Dubai, Agarwal expounded on one of the applications that metaverse tech can have in the future: the real estate market. He declared:

Dubai has a huge real estate market. In the future, people will be able to fly like superman to a community, look at the villas and view the villas and also configure the interior decoration to their liking. Once they’re satisfied, they can pay digitally.

The virtual asset regulator of the country recently established its operations in the metaverse, being one of the pioneers in this space.

What do you think about the government of Dubai establishing a presence in the metaverse? Tell us in the comments section below.

CoinEx & ViaBTC Co-host NEW BLOC NIGHT to Explore New Trends in the Industry

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