The European Union is pushing forward with a strategy to take the lead in the development of virtual worlds, with the goal of empowering EU businesses and reducing reliance on non-EU technologies.

Lawmakers in the European Union are advocating for the EU to be at the forefront of virtual world development. This initiative, following a vote by the European Parliament’s Committee on internal market and consumer protection, marks a strategic shift towards embracing the metaverse as a key element of Europe’s digital future.

EU Rapporteur Pablo Arias Echeverría has stressed the importance and ambition of this strategy, emphasizing the need for Europe not just to participate but to lead in the next digital revolution. He highlights the importance of avoiding past mistakes and building a foundation based on EU digital rules, principles, and values.

The committee’s report calls for a strong regulatory framework to support the growth of virtual worlds. This is in response to the dominance of non-EU companies with significant resources in the metaverse space, creating an uneven playing field. The report aims to create a more level playing field for European businesses.

The adoption of this report by the committee is in line with the European Commission’s plans for the metaverse, which stress the importance of new standards and global governance for overseeing these emerging digital environments. The commission’s strategy defines virtual worlds as “persistent, immersive environments based on 3D and extended reality (XR) technologies,” showcasing a forward-thinking vision for an integrated and immersive European digital future.

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