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DAMAC Group to invest $100m in the metaverse

The total addressable market for the Metaverse could be between US$8 trillion and US$13 trillion by 2030.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

April 26, 2022 | 2:04 AM BST

DAMAC Group to invest $100m in the metaverse

Ali Sajwani, CEO D-Labs and GM DAMAC Group. Source: Damac

UAE-based business conglomerate, the DAMAC Group – the parent company of global property development company DAMAC Properties, data centre firm Edgnex, luxury jeweller de Grisogono and fashion house Roberto Cavalli – has unveiled plans to build digital cities as investments in the metaverse ramp up.

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João Marques Lima

Founder and Editor, The Tech Capital

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