Davos Hopes Its Metaverse Version Will Foster Collaboration

Where Is the Metaverse Heading Following a Year of Hype?

This year, the World Economic Forum (WEF) in Davos is trialing a Metaverse version of the Swiss town it calls home.

The Global Collaboration Village is being built using Microsoft Mesh, a more immersive version of its Teams software. The project will see more than 80- leading organizations, including Meta and the International Monetary Fund.

The WEF invited companies to set up their own virtual shop-fronts to facilitate dialogue on the big issues of the day. The virtual village is in partnership with Microsoft and IT giant Accenture. , is building a Global Collaboration Village as the virtual future of public-private cooperation. 

The Virtual Village Will Foster Collaboration, Says WEF

The organizers of the world’s most prestigious economic summit hope to create a year-round online Davos to foster public-private cooperation. The announcements list the project’s goals as global cooperation, interactivity, inclusivity, and impact, although it is unclear how popular the platform will be.

“With the Global Collaboration Village, we are creating the first public purpose-oriented application of the metaverse technology, building a true global village in the virtual space,” said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum. 

“The metaverse will influence the way people, governments, companies, and society at large think, work, interact, and communicate for the purpose of collectively addressing issues on the global agenda. The Global Collaboration Village will be an extension of the World Economic Forum’s public-private platforms and in-person meetings and will provide a more open, more sustained, and more comprehensive process for coming together.”

The Global Collaboration Village is the latest attempt to replicate real places in the metaverse. The South Korean capital of Seoul recently announced “Metaverse Seoul,” which will include tax services, youth counseling, and tourism hotspots.

Last year, the island nation of Tuvalu became the first to create a digital version of itself. Last year, the island nation of Tuvalu became the first to create a digital copy of itself. The Polynesian nation hopes to preserve its history and culture in the face of rising sea levels that might eventually submerge the entire island.

Disclaimer

BeInCrypto has reached out to company or individual involved in the story to get an official statement about the recent developments, but it has yet to hear back.



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