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    Metaverse, Web 4.0 Strategy Unveiled by European Commission

    AuthorBy AuthorJuly 12, 2023No Comments4 Mins Read
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    The European Commission adopted a strong strategy on Web 4.0 and the metaverse on July 11. This initiative is designed to create a digital environment that is open, safe and inclusive, reflecting the principles of the EU:

    Europe has thrown its hat into the ring to become a world leader in Web 4.0 and virtual worlds.

    The new internet will affect the way people live together, bringing many benefits.

    And we need to have people at the center and shape it according to our digital rights and EU principles. pic.twitter.com/rc0R3qUm0y

    — European Commission (@EU_Commission) July 11, 2023

    The strategy corresponds to the objectives of the Digital Decade Policy Program in 2030, which focuses on key areas such as skills, business, public services and infrastructure, aiming “for Web 4.0 and virtual worlds that reflect values ​​and principles in the EU, where people’s rights are fully exercised and where European businesses can thrive.”

    By the end of 2023, the Commission will promote guiding principles for virtual worlds and create a “Citizen toolbox” in Q1 2024. This toolbox aims to increase public awareness and develop a talent pool of virtual world specialists.

    To increase the importance and address the divide within the digital realm, the Commission will support a European Web 4.0 industrial ecosystem. The Virtual Worlds Partnership under Horizon Europe will deal with the integration of all corners:

    “To foster innovation, the Commission will also support EU creators and media companies to test new creative tools, bring together developers and industry users, and work with Member States to develop regulatory sandboxes for Web 4.0 and virtual worlds.”

    In addition, social development and virtual public services are the main aspects of the strategy, using the benefits that virtual worlds can provide. The Commission also launched two flagship projects: “CitiVerse,” a virtual urban environment, and a European Virtual Human Twin, intended to help with clinical and personalized treatment decisions.

    The last pillar of the strategy is focused on shaping global standards for open and interoperable virtual worlds and Web 4.0. The Commission aims to ensure a level playing field and prevent the dominance of a few key players.

    Based on recommendations from the European Citizens’ Panel on Virtual Worlds and consultations with academia and business, the strategy aims to reflect the vision of Europeans. Margrethe Vestager, Executive Vice-President for Europe Fit for the Digital Age at the European Commission, says:

    “The Web 4.0 and virtual world will bring benefits for health, contribute to the green transition and better anticipate natural disasters. But we need to have people at the center and shape it according to our digital EU rights and principles, to address risks regarding privacy or disinformation.

    Share this article

    The information on or accessed through this website is obtained from independent sources that we believe to be accurate and reliable, but Decentral Media, Inc. . Decentral Media, Inc. not an investment advisor. We do not provide personal investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may be out of date, or it may be incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

    You should not make an investment decision in an ICO, IEO, or other investment based on information on this website, and you should not interpret or rely on any information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice in an ICO, IEO, or other investment. We do not accept payment in any form to analyze or report on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

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