According to ChainCatcher, the UAE is actively promoting the Web3 gaming industry as part of its economic diversification strategy to reduce its dependence on oil.
The country’s gaming market is valued at $420 million, with 90% of the adult population playing games. Dubai’s “Dubai Gaming Plan 2033” aims to contribute $4 billion to GDP and create 27,000 jobs by 2030.
Dubai Commodities Center (DMCC) has become the core of the Web3 gaming ecosystem and has attracted more than 100 gaming companies. DMCC provides financial support, incubation and talent recruitment through cooperation with the gaming and cryptocurrency sectors to promote industry innovation and growth.