October 2, 2022
WEF panel discusses what the metaverse is and how it can be regulated

DAVOS: The metaverse is the new buzzword, but what is it?

Experts at this year’s World Economic Forum in Davos convened in a panel titled “Shaping a Shared Future: Making the Metaverse” to discuss what the metaverse is, how to build it and, most importantly, how to regulate it.

For Meta’s chief product officer Chris Cox, the metaverse is the “next chapter, the next evolution of the internet except it’s the part where it gets less flat.” It is a way of describing the internet’s transition into a three-dimensional environment, he said.

On the other hand, “For me, the metaverse was this idea of a place that was somehow simulated on computers that were connected by the internet,” said Philip Rosedale co-founder of High Fidelity and founder of Second Life, a metaverse that allows people to create avatars of themselves and lead a “second life” in the virtual world.

Much of the metaverse’s perception seems to be centered around virtual reality. But, truly, the metaverse is “a seamless integration of your digital and physical worlds,” said Peggy Johnson, CEO of Magic Leap.

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