EU 🇪🇺 Ready to boost the metaverse

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Today’s Topics:

• 🇪🇺 EU wants to boost the metaverse Industry

• 👾 One of the biggest video games joins VR

• 🌱 NVIDIA on Digital Twins; essential for climate research

Reading time: 5min

🇪🇺 EU wants to boost the metaverse Industry

This week, the European Commission (EC) 🇪🇺 presented a regulatory proposal aimed at stimulating competition in the Extended Reality (XR) and metaverse industry. Here are the key highlights of the initiative:

• Foster Competition: The EC launched regulations to prevent tech giants from dominating the metaverse, promoting an open and interoperable future for immersive web services 🌐.

• Regulatory Sandboxes: The EC invites creators, media companies, and enterprise end-users to participate in regulatory sandboxes 🏗️ , fostering an industrial metaverse space for various use cases.

• Metaverse Growth: According to the EC's study, the metaverse market is expected to grow from €27 billion in 2022 to over €800 billion by 2030 📈 .

• Empowering Individuals: The EC reinforces digital skills and awareness, involving the public through a Citizens' Panel and providing resources to understand and leverage metaverse services 💪 .

• Supporting Businesses: The EC aims to establish a Partnership on Virtual Worlds in 2025 to drive R&D 🚀 and foster growth in metaverse services.

The European Commission's regulatory initiative marks a significant step toward fostering competition and an open metaverse future 💪🤼‍♂️. By driving competition, empowering individuals, and supporting businesses, the EC aims to position Europe as a leader in the next technological transition. 🌍

Read more about the EC's regulatory initiative and its impact on the metaverse here.

👾 One of the biggest video games joins VR

Is Meta, ready to face its biggest challenge yet ⚔️? As the social gaming landscape continues to evolve, a new contender emerges, threatening to cast a shadow over Meta's own virtual platform. Brace yourselves for the arrival of Roblox on Quest 🌍.

• Roblox, a social, gaming and user-generated content platform 🎮, is set to launch on Quest in the coming weeks, marking its entry into the popular virtual reality space.

• With tens of millions of daily users a Roblox brings a valuable and recognizable IP to the Quest platform💡, intensifying the competition for Meta .

• While Meta's own social VR platform, Horizon Worlds, shares similarities with Roblox in terms of social experiences, however, Roblox's reach is far broader, with approximately 66 million daily active players 👥 across various platforms.

• As Roblox makes its way to Quest, it not only poses a challenge to Meta but also represents a looming threat ⚠️ to other social metaverse-like VR applications such as VRChat and Rec Room.

The implications of this move raise intriguing questions about the future of virtual social platforms and the ability of Meta's Horizon Worlds to compete on a scale that matches the reach of Roblox 🧩. Will Roblox on Quest stifle Meta's ambitions, or can both platforms coexist in this rapidly evolving landscape? Only time will tell ⏳⚖️.

Read more about the topic here.

🌱 NVIDIA on Digital Twins; essential for climate research

Discover how NVIDIA CEO Jensen Huang is championing digital twin technology and its transformative potential in advancing climate research. Here are the key highlights from his keynote address at the Berlin Summit for the Earth Virtualization Engines (EVE) initiative 🌱, but first…

What is a Digital Twin 🌐*?*

A digital twin is a virtual representation of an object or system that spans its lifecycle, is updated from real-time data, and uses simulation, machine learning and reasoning to help decision making.

The takeaways:

• Huang emphasizes digital twins' importance to policymakers, researchers, and the industry in understanding and addressing climate change 🔬🌍.

• NVIDIA's EVE initiative combines digital twin technology, AI, and high-performance computing 🧠 for climate prediction and sustainable planet management.

• Digital twins replicate complex systems, enabling simulations of weather patterns and climate dynamics, providing comprehensive insights.

• Modulus, an open-source framework 🧰, empowers researchers to build and fine-tune physics-based machine learning models for accurate climate predictions.

• Omniverse, a powerful visualization platform, provides intuitive access to critical climate information for policymakers and researchers 🔍.

In our quest for environmental awareness and reducing human impact on our planet, the question arises: Will NVIDIA, with its pioneering digital twin solution, lead the way towards a sustainable future 🌿?

Explore more about this groundbreaking technology and its potential impact here.