UAE Law and Practice Contributed by: Alain Zahlan de Cayetti and Anna Sedova, De Cayetti Law
ment and brand marketing. Government initiatives and private investment are positioning the UAE as a regional hub for metaverse innovation, while sports organisations are exploring digital worlds as new plat - forms for fan interaction and commercial growth. A release of the Dubai Racing Club of 12 January 2023 reads: “In line with Dubai Metaverse Strat - egy, launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, with the aim of transforming Dubai into one the world’s top 10 metaverse economies and a global hub for the metaverse community, the Dubai Racing Club (DRC) is set to become the world’s first racing jurisdiction to embrace the metaverse as it launches the Dubai Verse Cup (DVC), a metaverse-based gaming platform, on Sunday, 15 January.”
329 CHAMBERS.COM
Powered by FlippingBook