The World Economic Forum (WEF) announced the creation of its own metaverse in 2023 to address global concerns.
There will be a virtual meeting of more than 80 participants from the business, financial and non-profit sectors to build the goal-driven metaverse.
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The WEF metaverse is called “Global Village”
This WEF metaverse will feature conference rooms, discussion venues, and simulations that use virtual reality technology to highlight global issues.
One example could be a simulation that studies life on marine shorelines and how it affects the ocean and dry surfaces.
In another report, the WEF anticipated that the metaverse would begin to be used for business before moving to a consumer-oriented metaverse.
Through the use of digital twins, for example, an “industrial metaverse” could improve business efficiency. Renault, a vehicle manufacturer, is one of the companies using an industrial metaverse.
The WEF metaverse will use Microsoft technologies, in particular Microsoft Mesh, the update of Microsoft Teams. Accenture and Microsoft are the two main partners in the WEF metaverse, but ultimately dozens of stakeholders will use the technology to meet.
It may be some time before the WEF metaverse is operational, although it was revealed at the 2023 annual conference.
In addition, the organization says it will only supplement face-to-face events rather than replace them.
Still, it believes the metaverse has the power to advance networking and change society.
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