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Metaverse News March 18, 2023

UAE DMCC cooperates with South Korea Metaverse Company

According to sources, Dubai Multi Commodity Center (DMCC) recently announced the signing of two memorandums of understanding with a South Korean Metaverse platform, planning to form a partnership to facilitate the expansion of the UAE’s global Web3 business.

Founded in 2002, DMCC is the largest free trade zone in the UAE; in 2021, the government launched the DMCC Encryption Center, a comprehensive ecosystem for enterprises in the encryption and blockchain fields.

The data shows that, of all MENA countries, the UAE is the most crypto-focused country.

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