IBF Net Launches World’s First Shariah Compliant Metaverse on Algorand amidst High Growth Forecasts
Jakarta, Indonesia - IBF Net has launched Netverse (www.ntvr.se), the world’s first metaverse on the Algorand blockchain, which is also the world’s first Shariah-compliant metaverse on any blockchain.
Netverse is expected to be a major contributor to the digitalization move in the Islamic world.
The digital economy today is estimated to be around 20–25 percent of the global economy, and this share is expected to grow steadily. The virtual economy is expected to grow within and alongside the digital economy. Given this, the size of the metaverse opportunity is
predicted to be in the range of $8–10 trillion, according to global investment bankers, such as Goldman Sachs and Morgan Stanley.
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
Press Release