EU’s Metaverse Vision Focuses on Standards, Governance and Funding

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EU’s Metaverse Vision Focuses on Standards, Governance and Funding
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The EU issued its long-awaited metaverse strategy today as politicians await answers on issues from copyright to competitiveness. jackschickler reports

The commission isn’t proposing any new laws and is vague about funding for what it sees as the next generation of the internet, but politicians are eager for the bloc to make the most of a technology they see as having economic and ethical salience.

For a new virtual worlds partnership to be set up the commission’s science funding program, Horizon Europe, “you could think of an amount in the order of 200 million euros that will be available,” as well as potential investment via EU regional funds, said a commission official, speaking under condition of anonymity.

“There are a lot of questions that would need to be answered and I'm not expecting that the commission is answering everything,” Voss, a German Member of the European Parliament who spearheaded the EU’s recent work on AI, said in an interview held before he had seen the proposals.

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