Blockchain-based metaverse platforms showcase at the World Economic Forum as traditional finance and policy makers explore their potential.
Web3 and the metaverse were handed a seat at the table of the World Economic Forum in 2023 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 WEF. Blockchain Hub Davos and GBBC’s Blockchain Central were two central events in town that brought together the wider crypto community that has been somewhat left out of the WEF’s discourse on the sector.
A custom digital avatar allowed WEF delegates to explore Davos in the metaverse and experience tailor-made experiences during the weeklong conference. Decentralized or not, the organization is tapping into the potential of Web3 to offer more to delegates through virtual experiences. As a lens to conversations within the World Economic Forum centered on the metaverse, Borget revealed that stakeholders were focusing on considerations around data privacy and security:
Borget believes regulation of the space is inevitable but hopes that these dialogues will ensure that the industry is afforded room to innovate and experiment. This could prevent the metaverse being hamstrung by restrictive measures in the years to come:
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