New initiative on Defining and Building the Metaverse provides guidance on how to create an ethical and inclusive metaverse, engaging organizations across the private and public sectors, including business, civil society, academia and regulators
World Economic Forum initiative will focus on two key areas, metaverse governance and economic and societal value creation, and will explore themes across regulatory frameworks, technology choices and economic opportunities
The World Economic Forum announced today a new initiative, Defining and Building the Metaverse. The initiative brings together key stakeholders to build an economically viable, interoperable, safe and inclusive metaverse. Research suggests that the metaverse is expected to grow into an $800 billion market by 2024.