The World Economic Forum is having two meetings, one taking place in-person in Davos, the other in the metaverse.
Will hundreds of important decision makers – who have spent their entire careers putting on grey suits and going to meetings, having their calls screened and diaries managed by executive assistants – make a coordinated and sustained effort to learn how to control a 3D avatar of themselves using a headset and hand controllers, and then use those to attend productive virtual meetings? Or will they ‘attend’ via a PC or smartphone, thus reducing the Global Collaboration Village to little more than...
According to a New York Post article from last year, annual WEF membership fees start at $62,000 and run to as much as $620,000 for a fancy one. On top of that, a ticket for the Davos get-together is $29,000. Is WEF really about to risk that cash-cow by making the Global Collaboration Village anything more than a slightly gimmicky sideshow?
WEF insists it’s a big believer in the metaverse concept though and accompanied the launch with two briefing papers. One of them emphasises the importance of interoperability – enabling users to move between the physical and digital world with their relevant data, digital assets and identities – while the other focuses on consumer applications, foundational technologies and pathways to economic value and growth.
WEF reckons that even though the metaverse’s precise definition is still being debated, the sector will be worth $800bn in 2024. “The metaverse is the next version of the Internet and it is critical that it’s built by all, and for all,” said Cathy Li, WEF’s head of media, entertainment, and sport. “These two outputs reflect premier work on the metaverse involving such an extensive set of stakeholders and leaders, demonstrating the unique value of public-private partnership in metaverse development.”All rights reserved.
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