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Metaverse NewsNFT News

France Publishes Metaverse Consultation to Promote Diversity in Online Spaces

The French Ministry of Economy wants to build its own metaverse including technologies like virtual reality, mixed reality, blockchain, among others.

Written By:
Pawan Surya

Last updated: November 30, 2024 11:49 PM
Published 2023-04-12
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France Publishes Metaverse Consultation to Promote Diversity in Online Spaces

Regarded as the world’s fashion capital, France has now set its eyes on the metaverse. The French government wants to rid itself of the dominance of international internet giants in the rapidly expanding metaverse. 

On Tuesday, the French Ministry of Economy presented a consultation on Virtual Immersive Universes or Metaverses for regional citizens, organizations or associations. 

The primary emphasis is “the dominance of international Internet giants in the metaverse.”

Emmanuel Macron’s regime in France circulated this consultation publicly until 2 May to solicit public feedback on various policy matters, such as privacy, health and environmental hazards associated with virtual worlds.

The decision was made alongside Minister Emmanuel Macron’s strategy for Europe to meet “digital sovereignty” to forge its local rival to global internet giants in the metaverse space.

After the decision to pass stricter licensing laws for crypto firms, France’s decision to build a metaverse project shows it’s commitment towards the evolving digitization. 

The Ministry of Economy highlighted that virtual reality, augmented reality, mixed reality, blockchain, 3-dimensional production equipment, and gaming engines are some technologies that will be used to create immersive virtual universes or the so-called metaverse of the future.

Once during the election campaign last year, Macron stressed the need for a European metaverse to compete with the international giants offering metaverse so far. 

Therefore, the Ministry of Economy has released a questionnaire to the stakeholders such as the citizens, companies, associations and researchers to express their views and expectations to design a strategy that is best suited for everyone.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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By Pawan Surya
Pawan, a technical writer and trader with 2+ years in crypto, excels in market analysis, blockchain, and research. He creates detailed, value-driven articles on diverse crypto topics.

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