The video games, Web3 and virtual economies are where the smart money is, not Metaverse,
said Noah Raford, futurist-in-chief and chief of Global Affairs at Dubai Future Foundation at the Top CEO event in Dubai.
Raford contended that people should invest in video games, as it is the only successful digital economy so far.
The metaverse, he added, has extraordinary potential and Dubai is moving rapidly to take advantage of it.
“Virtual assets and digital economies are a huge growth area,” he said. “There is a lot of hype and wasted investment, but the best examples at the moment are video games and in-game virtual economies – especially connected to NFTs & Web3.”
Fady Kassatly, partner of Enterprise Solutions and Cloud, KPMG, said the Metaverse the next evolution, which will make people live differently.
Philippe Blanchard, founder of Futurous, said the Metaverse will change the relationship between humans and nature.
Valerie Hawley, director of Sorbonne Center for Artificial Intelligence, said every business will look at the Metaverse space and consider using it in the coming years.