BRUSSELS : The European Commission on Tuesday set out a plan in a bid to take the lead in the metaverse - shared virtual worlds accessible through the internet - and to prevent Big Tech dominating a nascent sphere that could boost economic growth.The EU initiative comes as Facebook owner Meta Platforms, M
BRUSSELS : The European Commission on Tuesday set out a plan in a bid to take the lead in the metaverse - shared virtual worlds accessible through the internet - and to prevent Big Tech dominating a nascent sphere that could boost economic growth.
The EU executive said its initiative aims to reflect EU values and fundamental rights and create an open and interoperable metaverse, an area where it estimates the global market size will exceed 800 billion euros by 2030 from 27 billion last year.
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