21. September 2023

Exploring the Potential of the Metaverse at the 2023 WEF

• The World Economic Forum hosted two workshops focused on the metaverse as part of its “Defining and Building the Metaverse” initiative in 2023.
• The workshops aimed to understand and plan for the future integration of innovative technology, and featured Meta’s chief product officer Chris Cox.
• Blockchain Hub Davos and the Global Blockchain Business Council’s “Blockchain Central” were two central events in town that brought together the wider crypto community.

The World Economic Forum (WEF) in 2023 saw a convergence of the cryptocurrency and blockchain ecosystem with the forum’s discourse on the sector. The presence of Web3 and the metaverse was mainly found outside the walls of the forum, however, the WEF agenda featured two workshops directly addressing the metaverse as part of the conference’s „Defining and Building the Metaverse“ initiative.

The first workshop, „A New Reality: Building the Metaverse,“ featured Meta’s chief product officer Chris Cox. During this session, Cox explored the potential of the metaverse, how it could enable new experiences, and how to tackle the challenges of user privacy, asset protection and regulation. The second workshop, titled „Deployment in the Industrial Metaverse,“ looked at how industries can tap into the benefits of the metaverse while avoiding its disruptive potential.

In addition, blockchain-focused events such as Blockchain Hub Davos and the Global Blockchain Business Council’s „Blockchain Central“ gathered the wider crypto community in town to further discuss and explore the prospects of the sector. Such events highlighted the importance of the cryptocurrency and blockchain ecosystem and the potential it holds.

The metaverse was an interesting point of discussion at the WEF and the workshops provided a platform to understand and plan for the future integration of innovative technology. It is clear that the cryptocurrency and blockchain ecosystem is making its presence known at the WEF, and it will be exciting to see how the sector continues to evolve and drive innovation across industries in the years to come.