News & Views
LONDON: Dubai’s Virtual Assets Regulatory Authority (VARA) announced on Tuesday that it would become the world’s first regulator to enter the metaverse.
The authority will establish its metaverse HQ in the virtual world “The Sandbox,” an ethereum blockchain-based application backed by Japanese investment conglomerate SoftBank, that allows users to create, sell and purchase digital assets.
Read more at : https://www.arabnews.com/node/2075051/business-economy
Source: Arab News
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