The Finnish government recently announced its metaverse initiative, making Finland the first European country to officially embrace the virtual world.
The initiative’s main goal is to expand the metaverse impact, focusing on enhancing well-being in an “environmentally, socially, and economically sustainable way,” while upholding human rights and user protection.
The report highlights a burgeoning Finnish metaverse ecosystem, comprising 250+ companies, with projections suggesting that by 2035, Finland could evolve into a benchmark society fully immersed in this digital transformation.
This development follows the recent EU Parliament’s push for metaverse integration, emphasizing opportunities in sectors like education and tourism, coupled with a call for regulations to ensure user protection and position Europe as a leader in the metaverse.
In light of global advancements, including China’s Cultural Metaverse white paper and Dubai’s Metaverse Strategy, Finland’s strategic approach aims to prevent Europe from lagging behind in the digital revolution, fostering alignment with global metaverse trends.
As per Statista, the global metaverse market is anticipated to reach $56.6 billion by year-end 2022, with an expected annual growth rate of 36.80% (CAGR 2023-2030). By 2030, the market is forecasted to attain a substantial volume of $507.8 billion.