Satyendra Pathak
Doha
The Qatar Financial Centre (QFC) unveiled the QFC Metaverse, a groundbreaking initiative under the QFC Innovation Dome, powered by Qatar Central Bank, at the Web Summitin Doha on Monday.
Building on the success of the Digital Assets Lab, the project marks a significant milestone in reshaping Qatar’s financial landscape through Web3 technology.
The QFC Metaverse is designed to serve multiple purposes, offering an immersive digital platform for business engagement, collaboration, and innovation. It will provide QFC firms with a virtual space to showcase their achievements, interact with global partners, and explore business opportunities. Startups and enterprises will also have the opportunity to present their latest innovations, products, and services within this digital ecosystem.
Additionally, the Metaverse will act as a hub for virtual workshops, training sessions, and expert-led discussions. Financial institutions, corporates, fintech firms, and startups will have the opportunity to connect, share insights, and drive innovation in an increasingly digitized world.
Addressing a press conference to announce the launch of QFC Metaverse, QFC CEO Yousuf Mohamed Al Jaida emphasised the significance of the initiative.
He said, “We see the QFC Metaverse as a gateway to the future of finance, a space where borders fade, partnerships flourish, and ideas can grow beyond what we thought possible. Through this platform, we will build a financial district and fintech hub that can easily be accessed by anyone from anywhere in the world.”
As digital transformation continues to reshape industries globally, the QFC Metaverse is poised to become a catalyst for networking, partnerships, and economic growth. It is strategically aligned with Qatar National Vision 2030 and the recently launched 2030 Digital Agenda, reinforcing Qatar’s commitment to leveraging emerging technologies for sustainable progress.
Al Jaida further highlighted that the QFC Metaverse is a core element of Qatar’s broader vision to drive digital transformation in the financial sector. “By harnessing emerging technologies, we are driving economic growth, fostering innovation, and laying strong foundations for thriving financial and digital sectors, positioning Qatar as a leader in these domains,” he added.
As Qatar continues its journey towards a digitally-driven economy, the QFC Metaverse is set to become an integral part of this transformation, offering boundless opportunities for businesses and entrepreneurs looking to expand their ventures and shape the future of finance.
