It’s hard to believe that 2022 will be the year NFTs were sold for hundreds of millions of dollars and Bitcoin reached all-time highs of around $60,000. At the same time, several cryptocurrency companies collapsed, including the infamous FTX crash, and Bitcoin fell to $16,000, wiping out hundreds of billions of dollars of cryptocurrency market capitalization. The fact is that 2022 is simply a year that the Web3 world will never forget.

There were a lot of casualties in 2022. However, there are also a lot of positives that happened to the Web3 world. Unstable companies like Three Arrows Capital, LUNA token, and FTX went bankrupt and were removed from the ecosystem. This matured the industry in assigning high priorities to compliance. Additionally, this process has highlighted the importance of providing functional business utilities through tokens and NFTs on Web3.

It is for these reasons that Metavsummit continues to make it a priority to attract Web3 and Metaverse builders to investors and strategic partners in Dubai. Metavsummit has shown the world that gamification of business through VR, AR and NFT is a necessary value add for customers that makes the experience enjoyable and memorable.

By bringing together the top companies in the Web3 and Metaverse industry in Dubai, such as Undeads, Gaia Everworld, Metaverser and Dancing Seahorse, the world can better understand how business will be done in the future. Additionally, the event continues to help build a long-term thinking and sustainable industry that enables true decentralized technology for our world.

Metavsummit is scheduled for January 11-12, 2023. Get in touch by email for more information.