The World Economic Forum and major corporations, following talks at last month's annual meeting in Davos, Switzerland, launched a new initiative: "Defining and Building the Metaverse." As the initiative's name implies, its stakeholders are still in the process of defining exactly what the term "Metaverse" means.
The WEF said early stakeholders will play a particularly significant role in this process: "'Defining and Building the Metaverse' is the world's foremost multistakeholder initiative to develop and share actionable strategies for creating and governing the metaverse.
Jeremy Jurgens, the WEF's managing director, stated: "'The Defining and Building the Metaverse' initiative provides the industry with an essential toolkit for ethically and responsibly building the metaverse.
"As an industry it is incumbent upon all of us to ensure this new paradigm is developed in a way that is accessible for everyone, puts the needs of people first, enhances human connection and is developed securely with trust built in by design." Cher Wang, founder and chairwoman of HTC, described the metaverse as "Inevitable," saying: "The metaverse is the next inevitable step in the evolution of the internet but will require comprehensive collaboration between all ecosystem stakeholders to make it an open, safe and secure environment."As such, this Forum initiative is a robust start to addressing the key technology and policy fundamentals to enable the metaverse to fulfill its boundless potential.
" Who will govern the 'metaverse'? Inhyok's remarks reflect questions also acknowledged by the WEF about who will "govern" the metaverse, and in what manner.
Tech companies eager to develop the technologies of the future 'metaverse' For Big Tech companies, the potential profitability and revenue streams offered by the metaverse go hand in hand with the companies' ability to develop the technologies that will be used to create the metaverse.
The WEF tells us "major technology companies including Apple, Google, Meta Platforms, Microsoft, Niantic and Valve are developing the tech that will shape the future of the metaverse.
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Saturday, June 4, 2022
WEF Launches ‘Metaverse’ Initiative, Predicts Digital Lives Will Become ‘More Meaningful to Us Than Our Physical Lives’
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