The European Commission has recently unveiled an ambitious plan to make Europe a global leader in extended reality (XR) and Web 4.0. As part of this strategy, the Commission forecasts the creation of as many as 860,000 jobs in Europe’s
EU Competition Commissioner Margarethe Vestager says the metaverse does not need to be regulated because it does not pose any antitrust concerns at this time. Vestager’s comments come ahead of a presentation she will make to competition regulators this week,
The European Union (EU) is concerned that tech giants could act as gatekeepers to the metaverse, which it calls Web 4.0, stifling smaller players from entering the field and creating a virtual monopoly. To prevent this eventuality Europe’s governing body
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