The World Economic Forum, Microsoft, and Accenture announced the metaverse news on Tuesday that the Global Collaboration Village, a metaverse project that will aid in addressing some of the world’s most pressing issues, has begun operations.
According to the WEF, the virtual village will promote “more diversified global collaboration and significant action.”
The World Economic Forum’s (WEF) founder and executive chairman, Klaus Schwab, stated, “We are making the first public purpose-oriented use of metaverse technology by creating a true global village in virtual space.”
The village, which has the backing of both public and private partners, will “use the frontier capabilities of the metaverse to find solutions for addressing the big issues of our time in a more open, inclusive, and sustained way,” he said.
Over 80 original partners and organizations support the project. By bridging the physical and digital worlds, it hopes to foster new forms of collaboration between people.
The Saudi government, the United Nations, and companies and government organizations like IBM and Meta will all come together in the metaverse for the first time for an interactive, multilateral session.
Vice-Chairman and President of Microsoft, Brad Smith, said: “We are creating the first public purpose-oriented application of the metaverse technology, building a true global village in the virtual space.”
He claimed that the village is a superb illustration of how metaverse technology may be applied to foster new forms of community interaction.
There will be a town hall, which serves as the forum’s “virtual congress center,” as well as a number of online collaborative spaces.
Through stakeholder campuses, partners will be able to influence both the development of the village and their own presence there.
The project seeks to enhance relationships, learning, and collaboration while bolstering and reviving international cooperation through the forum’s guiding principles.
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