•The World Economic Forum in 2023 featured two workshops focused on the metaverse.
•The workshops explored user privacy, asset protection, and regulation in the metaverse.
•The WEF also explored metaverse experiences within the convention.
In 2023, the World Economic Forum (WEF) leapt into the metaverse – a digital universe made up of multiple interconnected virtual worlds – as the ecosystem continues to drive innovation across industries. The presence of the cryptocurrency and blockchain ecosystem was mainly found outside the walls of the forum, as Blockchain Hub Davos and the Global Blockchain Business Council’s “Blockchain Central” brought together the wider crypto community.
However, the metaverse was an exception as key proponents for the space were involved in high-level workshops within the WEF. The agenda featured two workshops directly addressing the metaverse as part of the conference’s “Defining and Building the Metaverse” initiative.
The first workshop, titled “A New Reality: Building the Metaverse”, featured Meta’s chief product officer Chris Cox, while a second, called “Deployment in the Industrial Metaverse”, explored how industries can tap into the benefits of the metaverse while avoiding its disruptive potential. Topics discussed included user privacy, asset protection, and regulation in the metaverse.
The WEF also explored metaverse experiences within the convention. The 2021 edition of the forum featured a virtual experience, which allowed attendees to explore the forum’s different sessions and activities in a virtual environment. The convention showcased how the metaverse could be used to create immersive experiences that would otherwise be impossible in a physical setting.
The metaverse is becoming increasingly important for companies and organizations, as it opens up a wealth of opportunities for them to engage with customers, partners, and employees. By exploring the metaverse, the WEF is hoping to identify best practices and regulations to ensure the safe and secure use of the technology.