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WEF establishes purpose-driven metaverse

The World Economic Forum, in partnership with Accenture and Microsoft, today unveiled at its Annual Meeting 2023 a working prototype of its Global Collaboration Village, a purpose-driven metaverse where organizations can convene to learn about, create solutions for, and take action on the world’s most pressing challenges.

With partners from 80 leading organizations helping to shape the village’s development, participants from around the world joined the Forum in 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. Supported by a unique range of partners from the public and private sectors, the Village will use the frontier capabilities of the metaverse to find solutions for addressing the big issues of our time in a more open, inclusive and sustained way,” said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum.

Julie Sweet, Chair and Chief Executive Officer of Accenture, added: “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.”

Brad Smith, Vice-Chair and President, Microsoft Corporation, said, “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. The Global Collaboration Village, powered by Microsoft Mesh, is a prime example of how we can use metaverse technology to bring people and communities together in new ways.”

CT Bureau

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