Metaverse News

Global Metaverse Initiative from the European Union! Arrangements are on the way

The European Union (EU) has announced that it will present an initiative in 2023 to address all activities and interactions occurring in the Metaverse world. European Commission President Der Leyen stated that initiatives will be presented to clarify Europe’s rules and expectations for Metaverse.

European Union to Introduce Metaverse Editing Project!

Global Metaverse Initiative from the European Union! Arrangements are on the way
Global Metaverse Initiative from the European Union! Arrangements are on the way

Many countries around the world are going through the process of integrating and adapting their regulatory frameworks and infrastructure to support the activities currently taking place on the Metaverse . He was closely following these processes in the European Union. It has also recently announced a union-wide initiative to enable Europe to ‘develop in the Metaverse‘.

Described as a ‘key’ by European Commission President Ursula Von Der Leyen, the initiative is part of what the latest state of the union letter of intent calls ‘a Europe fit for the digital age’. Von Der Leyen stated that they will continue to look at new digital opportunities and trends such as Metaverse as part of their digital editing strategy. The Commission aims to implement this initiative in 2023, taking into account the different activities currently taking place in the Metaverse.

Thierry Breton, responsible for the internal market of the European Union, explained how the commission will focus on preparing this initiative. In its statement, ‘the organization will address perceived issues. It will propose various structures for this. It will also establish a specific body to develop standards and increase interoperability between different Metaverses.

Custom Metaverses should be developed based on interoperability standards. Also, no private player should hold the key to the public square. “We shouldn’t be witnessing a new Wild West or new private monopolies,” he said.

It is necessary to configure the system for group providers of technologies on which Metaverse is based, including software, middleware, other platforms, and 5G. For this, the AR Industrial Coalition was launched, an organization that aims to group key stakeholders in these technologies.

In addition, Breton explained that the institution needs to fully identify the infrastructure-related needs to develop its Metaverse. In this, Breton said, ‘the vision of the infrastructure we need to carry voluminous data is important. In this context, we conduct research on the business model and the instant and continuous interactions that will take place in the Metaverses. For this, we will initiate a comprehensive reflection and consultation.” Finally, as we reported the other day, the European Union wants to fight fraud. In this context, the EUpresented the project .

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