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Global Collaboration Village invites companies to solve world’s issues in metaverse

The World Economic Forum’s newly-unveiled Global Collaboration Village will allow organizations to tackle the world’s most pressing challenges in the metaverse.

The World Economic Forum partnered with Accenture and Microsoft, as well as 80 leading organizations, in developing a working prototype of its Global Collaboration Village.

Participants from all around the world joined the forum for its first-ever interactive, multilateral session in the metaverse.

“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.

Schwab also added that the built metaverse will aim to “address the big issues of our time in a more open, inclusive, and sustained way.”

The village is divided into a town hall, collaborative centers, and stakeholder campuses. Town halls are designed for future sessions or meetings; collaborative centers – for immersive storytelling, where interactive rooms, such as a virtual ocean hub, can allow participants to explore why and how marine ecosystems must be protected first-hand; while stakeholder campuses – for collaborating with stakeholders and partners to tackle the world’s issues.

“The metaverse will profoundly change every part of every business, bridging our physical and digital worlds, and over time will enable companies to create innovative new consumer products and services, transform their manufacturing and operations, and reimagine the way we collaborate and work,” Julie Sweet, Chair and Chief Executive Officer of Accenture, added.

Organizations will be furtherly invited to participate and build in these immersive spaces over the next couple of years.

“We believe the metaverse has the potential to fundamentally change the way we communicate and collaborate, overcoming limitations of the physical world to deliver enhanced connections for everyone,” Brad Smith, Vice-Chair and President, Microsoft Corporation, concluded.

Although the idea of the metaverse has recently received much criticism for its conceptual flaws, many institutions and even entire cities are jumping on the virtual reality bandwagon.

As such, Dubai launched its metaverse strategy to attract over 1,000 blockchain and metaverse companies and support more than 40,000 virtual jobs by 2030. In turn, Seoul has become the world’s first major city to launch a metaverse platform, where citizens can play games, fill in official forms, get help with taxes, and access various other city services.

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