In a press release published last week, the European Union announced its latest strategy regarding Web4 and virtual worlds.
The EU presented a comprehensive plan to enter a new phase of digital progress in order to keep up with the rapid pace of technological advancements in the online sphere. This sector, known for its fast pace, ensures continuous innovation growth, and the European Union aims not to fall behind these trends.
The publication emphasizes the need to go beyond Web 3 and anticipate future achievements in light of the rapid development of the Internet.
The EU’s strategic vision for Web 4.0 includes the integration of digital and physical elements, promoting improved interaction between people and technology.
“Web 4.0 is a significant technological shift that leads to a seamlessly connected, intelligent, and immersive world.” Additionally, it is expected that the virtual worlds market will experience explosive growth, increasing from 27 billion euros in 2022 to a staggering 800 billion euros by 2030!