The first restaurant with elements of virtual reality and the metaverse MetaTerrace was opened in Dubai – the institution will follow one of the newest trends of the modern era.
The restaurant, located in the DIFC financial district, is expected to bring together nightlife fans and representatives of the blockchain community. All guests will get an idea of what the digital future will look like.
So, VR glasses will allow people to visit alternative worlds, meet like-minded people, participate in discussions of NFT and cryptocurrency – overlooking the Burj Khalifa skyscraper.
Facebook’s recent transformation into META has sparked discussions about the metaverse and the place of NFT and cryptocurrencies in it. According to restaurateurs, NFT and the Metaverse are just the tip of the iceberg: humanity has yet to realize what impact they will have on the future of humanity.
As you know, the Dubai World Trade Center (DWTC) will become the first crypto zone in Dubai and a regulator for cryptocurrencies and other virtual assets.
Thus, DWTC will regulate the activities of companies associated with virtual and encrypted assets, products, digital exchanges and operators in the emirate. The innovations are in line with the government’s vision of creating new sectors of the economy.
DWTC will be transformed into an integrated zone – a regulator for virtual and encrypted assets, it will work with the private sector and relevant government agencies to create a legislative framework and a supervisory system for digital assets.
In addition, rules for combating money laundering and tracking cross-border transactions will be formulated to ensure transparency and security for businesses and investors. Digital assets such as cryptocurrency, non-fungible tokens (NFT), etc. will be supported by a unified legislative framework and regulation system.