On 11 July 2023, the Commission has adopted a new strategy on Web 4.0 and virtual worlds to steer the next technological transition and ensure an open, secure, trustworthy, fair and inclusive digital environment for EU citizens, businesses and public administrations.
The Internet is developing very quickly. Virtual worlds will impact the way people live together, bringing both opportunities and risks that need to be addressed. The new strategy aims for a Web 4.0 and virtual worlds reflecting EU values and principles, where people’s rights fully apply and where European businesses can thrive. The strategy is in line with the 2030 objectives of the Digital Decade policy programme and three of its key pillars of digitalisation: skills, business and public services. The fourth pillar, infrastructures, is addressed by the Commission’s connectivity package and its broader efforts on computing, cloud and edge capacities. It also addresses the openness and global governance of virtual worlds and Web 4.0 as a specific strands of action.
The value of the global market for virtual worlds is expected to increase from 27 billion euros in 2022 to more than 800 billion euros by 2030.
More information HERE.
Source: European Commission