Minister of Economy Abdulla bin Touq Al-Marrimade the announcement on September 28 at the Dubai Metaverse Assembly, remarking, “This is not a proof of concept, this is our third address.”
Speaking to more than 500 delegates and 40 global firms, including Accenture, Emirates, PwC, Microsoft, Meta, and Binance, Al Marri said the Ministry of Economy’s third office would offer an immersive experience for governments, global enterprises, and the public to connect and collaborate.
Moreover, the Ministry will be able to negotiate bilateral agreements with other nations in the metaverse thanks to the cutting-edge technology installed there, strengthening the UAE’s position as a leading worldwide hub for emerging technologies.
The development follows Dubai’s July 18 Metaverse strategy, which seeks to generate 40,000 jobs by 2030 and increase the number of blockchain enterprises by five times.
Ethereum’s going up or down?
Ethereum found support near the $1,250 level after astrong decline. The ETH price started an increase after touching $1,253.
The bulls were active above the $1,300 level. There was a clear move above the 50% Fib retracement level of the downward move from the $1,399 swing high to $1,253 low. The price is now trading above $1,320 and the100 hourly simple moving average.
There is also a short-term contracting triangle forming with support at $1,340 on the hourly chart of ETH/USD.
Source:ETHUSD on TradingView.com
Hourly MACD is now momentum in the bullish zone
Hourly RSI is above the 50 level
Major Support Level – $1,315
Major Resistance Level – $1,355
More real time crypto information — in ourTelegram Channelhttps://t.me/Choise_com_Chat