Dubai partners Decentraland Develop your own Mall of the Metaverse, a virtual shopping center.The mall caters to visitors “We are looking for more digital experiences in our retail, entertainment and leisure offerings.” This follows a recent announcement made at the World Government Summit.
Metaverse Mall represents a famous mall chain majid al-huttaim, albeit in the Web3 space. Once developed, it undergoes several tests before being released to virtual shoppers. Visitors can use Web3 avatars to visit and shop inside the mall. There you can find top brands such as Carrefour, Samsung Store, VOX Cinemas, Ghawali, THAT Concept Store and more. More exciting features will be added over time, such as the number of accessible brands.
Currently, the virtual mall is in the early stages of development, with the team behind the project evaluating what potential customers want and can expect. The mall will become a major retail and entertainment destination, according to Khalifa bin Braik, CEO of Majid Al Futtaim Asset Management.So he thought it was “It’s a huge draw for customers who crave digital experiences from their most loved brands.”
Mall of the Metaverse is Dubai’s latest Web3 initiative
Majid’s push for the Metaverse virtual mall turns out to be based on the increasing demand for digital experiences over the past few years. He thinks so.
In a statement she said: “We are committed to using behavioral science and data to give our customers what they want and want. Following an action plan and a series of testing stages, our rapid consumer observations , which is now leading to a full-fledged project, Mall of the Metaverse, which is one step ahead of online shopping.”
The news comes as the UAE seeks to establish itself in Web3 through various initiatives. Dubai is believed to have a Metaverse strategy to support over 40,000 virtual jobs by 2028, adding over $4 billion to the economy.