Indonesia on The Rise with Its Own Metaverse.

Conglomerate PT Telkom, a multinational telecommunication firm sets in motion ‘MetaNasia.
MetaNasia sets to compete against tech beasts like Google and Meta through local firms.

PT Telkom under the governance of the Indonesian government has launched its own metaverse by the name ‘MetaNet’ with the scheme to curb and take control of the rapidly changing online world.

MetaNet comes forth with the attempt to uplift local firms and the southeast Asian economy and take back its glory from tech giants like Google and Facebook. State-owned, Minister Erick Thohir released a statement saying;

Don’t let other countries create a new world with their own payment system, while the market remains in Indonesia. Then we will regret it.

Details of how things will run are very minimal but Thohir said that micro, small and mid-sized ventures bring forth commodities on neutral grounds with foreign affairs. In the bargain, organizations will be able to forth health consultations on this platform.

Metanasia hopes to host an NFT marketplace, esports functions, and virtual meetings later this year.

DUBAI’S TAKE ON METAVERSE

Dubai is skyrocketing after Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, chairman of the Dubai Executive Council announced the launch of the Dubai Metaverse strategy. Dubai, which nests up to 1000 companies will set up a base in the metaverse and blockchain sector which contributes $500 million to Dubai’s economy.

We launched the Dubai Metaverse Strategy today, which aims to foster innovation in new technology. Dubai is home to over 1,000 companies operating in the metaverse and blockchain sector, which contributes $500 million to our national economy. pic.twitter.com/J1XRmd2ub3

— Hamdan bin Mohammed (@HamdanMohammed) July 18, 2022

Dubai’s objectives in 5 years to come are to support 40000 virtual jobs and pump up Dubai’s economy to $4 billion.

Dubai first showed signs after introducing its first virtual asset regulation in marc 2022. One of the highest net income countries has joined countries such as El Salvador to embrace cryptocurrencies regulations. Other countries embracing this trait are China, India, and Japan.