The French government is taking charge of the Metaverse by developing its own strategy. To ensure a “French-standard” experience, citizens, companies, associations and research institutions will be asked to provide their input through a questionnaire. The Secretary of State for Digital Transformation and Telecommunications believes that the Metaverse holds great potential for technological advancement and economic growth.
This move aligns with President Emmanuel Macron’s vision to position France as a leading startup nation in opposition to other global competitors. By offering alternatives to existing concepts, France aims to stand out from the crowd while also challenging Meta and Mark Zuckerberg who have recently scaled back their ambitious plans for creating an immersive virtual world.
The Metaverse is the future of digital innovation, and it’s time for governments to prepare themselves. France has recognized this opportunity and plans on speeding up licenses for crypto industries in order to stay ahead of the game. With major players like Crypto.com and Circle already announcing their European headquarters will be located in Paris, there’s no doubt that these changes will have a significant impact on the industry as a whole.
As MiCA regulations loom closer, having an established presence in Paris could prove even more valuable than ever before. By positioning itself at the forefront of cryptocurrency adoption, France can take advantage of its newfound relevance within both crypto space and The Metaverse – securing its place among global leaders who are shaping our digital world today!
The metaverse is a term used to describe a virtual world in which users can interact and communicate with each other in real time. It is a kind of augmented reality that is often seen as an advance over the Internet of the present. The idea behind the metaverse is to create an environment where people can move around in a way that resembles the physical world.
In doing so, users should be able to interact not only with each other, but also with artificial intelligence and robots. It remains to be seen what strategy the French government will develop to promote the Metaverse and what impact this will have on international competition.
