In a recent post, Meta stated that it will invest $2.5 million in seven European countries to investigate the risks and opportunities of the metaverse.
The metaverse, according to the tech giant, will change how people conduct their everyday lives and how companies monetize their businesses. However, in order to maximize the potential of this new technology, users must feel secure while using it.
Meta believes that close collaboration with governments, nonprofits, academic institutions, and other entities can encourage research and exploration of new Web3 possibilities, potential risks, and solutions.
As a result, the investment will benefit seven European institutions, including Magdeburg-Stendal University of Applied Sciences (Germany), The Governance and Regulation Chair at the University of Paris Dauphine|PSL (France), Politecnico di Milano (Italy), RISE (Sweden), and others.
Some institutes will be responsible for analyzing the economic and sociological difficulties of the metaverse, while others will focus on the development of augmented reality and other technologies.
Sustainable and resource-saving technological solutions will also be explored.
According to Meta’s post, “The metaverse is in the early stages of development, but collaborating across industry, the public sector, academia and civil society can help us progress on these new technologies as they are being built.”
The findings of studies and research will help exploit the potential of Web3 and make the user experience more realistic and secure.
So far, Meta has been pursuing its virtual vision through projects and announcements. Following the launch of NFT sharing on Instagram and Facebook in September, the tech company has proceeded to expand its metaverse universe and physical products. As an example, it just released the XTADIUM app for its Meta Quest VR headsets.
