Interested in knowing all on EU Commission’s plans for the metaverse?

“As mentioned in President von der Leyen’s State of the Union letter of intent, metaverse is one of the pressing challenges ahead of us”…”Metaverse, a new form of virtual space, is springing everywhere.”

“…these metaverses operate in real-time, augmented or virtual reality and they cannot be reset or put on hold. They are becoming something akin to what for the ancient Greeks was the “Agora”: a public space, a new public “square” where the digital interactions already possible online have the potential to be amplified as never before”.

“We will continue looking at new digital opportunities and trends, such as the metaverse”…”Our European way to foster the virtual worlds is threefold: people , technologies and infrastructure”, this said Thierry Breton EU Commissioner for Internal Market on a post in the EU Commission blog last 13th September.
The people centered field includes: no monopolies, providing the needed security for users, as well as actions needed to keep the metaverse rooted in EU values and complying with EU Regulations.

In the tech chapter, the EU has already taken many steps, VR and AR as well as infrastructures are key to develop the metaverse and unfold all the opportunities also in the business opportunities field.

Breton goes further saying:”Our ability to shape the metaverse will depend on our ability to master and develop cutting-edge technologies in Europe and build a sustainable ecosystem.”

The Virtual and Augmented Reality Industrial Coalition and public-private funding will be key to the development of key technologies such as photonics, semiconductors and new materials.

EU Commission will ask metaverse stakeholders to contribute in the funding needed to develop the connectivity infrastructures needed for the digital agora.
As “the amount of data being exchanged (and harvested) through these technologies will be of greater magnitude than ever”…”The new virtual worlds will put under even more intense pressure the connectivity infrastructure which is needed to allow all these developments to happen,” recognises Breton.

No private held monopoly in the EU ‘digital agora’

“Private metaverses should develop based on interoperable standards and no single private player should hold the key to the public square or set its terms and conditions. Innovators and technologies should be allowed to thrive unhindered,” Breton says on his blog post.

Lesons learnt: no wild west in the EU metaverse

“With the Digital Services Act (DSA) and Digital Markets Act (DMA), Europe has now strong and future-proof regulatory tools for the digital space.
We have also learned a lesson from this work: we will not witness a new Wild West or new private monopolies,” Breton explains.

Collaboratively developed:The Virtual and Augmented Reality Industrial Coalition and a true ‘movement’

“Today, I am happy to launch the Virtual and Augmented Reality Industrial Coalition, bringing together stakeholders from key metaverse technologies. We have developed a roadmap endorsed by over 40 EU organisations active in this space, from large organisations to SMEs, and universities,” Breton announced.

“The metaverse is building on various blocks and technologies (software, platforms, middleware, 5G, HPC, clouds, etc.).
Europe has strong assets in this area: our research and innovation for middleware and software, and our skilled workers and researchers. We also have the competitive advantage of content with our large cultural and language diversity and our thriving gaming sector.
Immersive technologies and virtual reality are at the heart of this phenomenon. An ecosystem is already growing throughout Europe: in Italy, Latvia, France, Germany, Finland and elsewhere, made of big players as well as innovative SMEs.
The Commission has been laying the groundwork to structure this ecosystem.”

Further, EU Commission aims to trigger an actual ‘movement’: “Similarly to the European Bauhaus, we will launch a creative and interdisciplinary movement, aiming to develop standards, increase interoperability, maximising impact with the help of IT experts, regulatory experts citizens’ organisations and youth,” Thierry Breton advances.

Fed by a mix od State-private sourced funding, both in the profitable tech and not so profitable infrastructure fields

“We will launch a comprehensive reflection and consultation on the vision and business model of the infrastructure that we need to carry the volumes of data and the instant and continuous interactions which will happen in the metaverses,” advances Breton. He underscores the paradox already surged during the COVID-19 pandemics, when compulsory confinement boosted digital interactions and e-commerce producing”…increasing volumes of data being carried on the infrastructures but decreasing revenues and appetite to invest to strengthen them and make them resilient. The current economic climate sees stagnating rewards for investment and increasing deployment costs for pure connectivity infrastructure.

In Europe, all market players benefiting from the digital transformation should make a fair and proportionate contribution to public goods, services and infrastructures, for the benefit of all Europeans,” he points in the post.

Image over the headline.- Italian Metaverse in Second Life game. Image by ZZ Bottom thorugh wikimedia Commons modified by Eastwind. To watch the original image and read the terms of the lisense, click here

Related external links:

Ursula von der Leyen’s State of the Union Letter of Intent

Thierry Breton’s post on EU plans for the metaverse

The Virtual and Augmented Reality Industrial Coalition and other EU initiatives to ‘grasp the digital opportunity’

Related Eastwind Marketing links:

Meta puts Spain in the center of its metaverse: First Meta Lab to be located in this EU country and the tech giant will hire up to 2,000 people in next 5 years, among other plans

Meta increases social distancing in the metaverse

Facebook turns full into Meta…verse

Niantic launches Lightship, first AR platform and developper kit to build an open metaverse in the real world

Microsoft announces new tools to build propietary metaverses for collaborative work

Facebook announces $50 million investment to develop a “compatible” and “responsible” metaverse

More on metaverse, blockchainand related techs typing the keywords metaverse and/or blockchain on the search case located above on the right under the header in Eastwind Marketing’s web page

Related Eastwind links:

End to the crypto wild west in the European Union?.- Agreement on EU regulation on crypto-assets reached between the Presidency of the Council and EU Parliament

IMF Georgieva.- Three points to take into account for digital currencies acting as economic booster rather than as an economic risk

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