The European Union’s Strategy for Virtual Worlds
The European Union (EU) is taking steps to become a leader in the development of virtual worlds, with the goal of strengthening EU businesses and reducing reliance on non-EU technological resources. This strategic shift towards embracing the metaverse as a crucial part of Europe’s digital future was initiated by the European Parliament’s Committee on internal market and consumer protection.
Rapporteur Pablo Arias Echeverrรญa emphasizes the urgency for Europe to not just participate but also lead the next digital revolution. He highlights the importance of avoiding past mistakes and establishing a Europe-centric foundation based on EU digital rules, principles, and values.
A Regulatory Framework for Virtual Worlds
The committee’s report calls for a robust regulatory framework to support the development of virtual worlds. This is in response to the dominance of non-EU companies with significant resources in the metaverse landscape. The report aims to create a more equitable environment for European businesses.
This aligns with the European Commission’s plans for the metaverse, which emphasize the need for new standards and global governance to oversee these emerging digital spaces. The commission defines virtual worlds as persistent, immersive environments based on 3D and extended reality (XR) technologies, envisioning a digitally integrated and immersive European future.
Hot Take: EU Takes Bold Steps Towards Metaverse Leadership
The European Union’s push to become a pioneer in virtual worlds demonstrates its commitment to shaping its digital future. By prioritizing the development of the metaverse, the EU aims to strengthen its businesses and reduce dependency on non-EU countries. The call for a robust regulatory framework reflects a desire for a level playing field and greater opportunities for European companies.
This strategic shift aligns with the European Commission’s plans for new standards and global governance in the metaverse. By leading the way in virtual world development, the EU is positioning itself as a major player in the next digital revolution.
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