This AIBC Event in Dubai Offered Attendees the Chance to Try Out the Latest Web 3.0 Technologies

With its many companies, events and job offers in the Web 3.0 space, Dubai is a veritable crypto hub.

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With Dubai and the wider United Arab Emirates (UAE) boasting crypto-friendly regulations, it is an ideal location for the development of Web 3.0 technology. Dubai has a clear regulatory framework for cryptocurrencies that is welcomed by most players in the industry, and so the city has become a second home for many projects, including those dealing with decentralized finance (DeFi) and NFT technologies.

Based on a survey by Recap, Dubai is the second largest crypto hub in the world, with London in first place. The survey was conducted based on the events, companies, cryptocurrency ATMs and job opportunities in the field. In Dubai, cutting-edge Web 3.0 technologies such as NFTs have found their way into everyday use - from event ticketing to scientific research. The Emirates is also the venue for many global events focused on Web 3.0 technology, one of which was the recent AIBC event.

AIBC Eurasia, which is regarded as an innovative event in the blockchain and artificial intelligence space, kicked off in Dubai on March 13 and featured many strong figures from the Web 3.0 space, including Gary Vaynerchuck, CEO of VaynerMedia. The event is held every year and always brings together leading figures from the blockchain, cryptocurrency and artificial intelligence spaces to share knowledge and ideas, but also to forge alliances.

Visitors got a glimpse into the future of Web 3.0

There were many opportunities for visitors to experience some of the technologies first-hand. One of these innovations was the introduction of the first 'phygital' NFT store, in the world's largest shopping mall, Dubai Mall, by Fastex.

The ftNFT store offers many activities to help newcomers to Web 3.0 explore the space. Among the innovations in the store is an NFT gallery for visitors to physically explore or use a 3D scanner to create their own avatar in the metaverse. If you want to read more about this, read our article.

NFT Awards

AIBC events are held around the world, and this has given rise to the NFT Oscars, an award ceremony hosted by Fastex to recognize and celebrate the best artists, platforms and other revolutionaries in the NFT space. As is the case with the Hollywood Oscars, there are many categories such as Best International NFT Creator, Best Metaverse Experience, Best Phydigital NFT and Best NFT Celebrity. The awards are attended by both global and local contributors to the NFT ecosystem.

The AIBC event proves that no matter what the current market situation is, Web 3.0 technology is full of new innovations and challenges. Companies operating in this sector are continuously building the future of money, blockchain, gaming and NFTs, and are not letting price movements caused by the current bear market derail them. As one of the top crypto hubs in the world, Dubai is home to many strong Web 3.0 projects such as Fastex, and this is ensuring that the region is still front and center in terms of influencing the future of this technology.

Source: cointelegraph.com