What’s Metaverse?

The Metaverse offers a virtual world for immersive experiences in which individuals from all over the world may meet, engage, watch, and trade through avatars that communicate virtually and possess digital assets.

What’s Next?..

The Metaverse is the key driver of the new digital economy.

The global metaverse market is projected to grow exponentially reaching up to USD 800 Bn by 2024 according to Bloomberg, mainly driven by tourism, hospitality, entertainment, retail, and financial industries.

PwC forecasts market size for Metaverse to reach up to USD 1.5 trillion by 2030, while Citi’s outlook even more ambitious, highlighting that metaverse could become a USD 8-13 trillion market by 2030.

The Kingdom of Saudi Arabia is one of the early adopters of the metaverse experiences led by local

champions such as NEOM, AlUla, Ministry of tourism, Ministry of Culture, SAVVY and the PIF

stc has always been at the forefront of adopting and enabling leading edge platforms at a national scale. We are well-positioned to become the key enabler of the Metaverse ecosystem in the Kingdom by offering the best of breed solutions to design and launch a national metaverse platform, the metaverse platform will consist of 7 key layers.

First layer includes 5G and low latency networks, cloud and edge computing infrastructure. Second, is a Blockchain settlement layer.

Economic layer includes NFT marketplace, web3.0 wallet and custody to allow digital assets trading and use cases monetization.

3D design and development platform engines and avatars design tools to enable the experience layer launching immersive virtual worlds, digital twins and virtual lands development.

Access to the platform will be provided for developers through SDKs to build an end to end metaverse ecosystem for B2B and B2C.

What’s our roles?

As stc, we are a digital pioneer, focusing on innovative solutions by offering new technologies, to stay ahead, and lead the digital transformation nationally and regionally.