Finland Strives to Become Metaverse Frontrunner by 2035

On Dec 4, 2023

According to a newly released document, Finland is on a quest to establish itself as the international frontrunner in the innovative Metaverse by 2035. Leading up to this year, the country is poised to earn €30 billion in yearly revenue from the ever-expanding sector.

The strategy, “Metaverse Initiative by the Finnish Ecosystem: Virtual Potential into Real-World Impact,” states that the nation’s tech-savvy stance — like leveraging pivotal Metaverse technologies such as AI, fintech, software applications, and gaming — aids in positioning itself as the world’s first European Union member.

Finland notices the Metaverse’s business potential for fostering growth, innovation, and new revenue streams across sectors like gaming, advertising, and e-commerce, spurring economic growth and job opportunities. The ecosystem creates monetization and marketing opportunities by cleverly blurring the lines between tangible and virtual experiences.

Consequently, it’s working hard to position its Metaverse ecosystem ahead of Japan, China, the UK, and the UAE. Considering the UAE alone is on a mission to create 40,000 virtual jobs from its Metaverse strategy, this is no easy task.

An Inclusive and Sustainable Metaverse Ecosystem

Similar to the United Nations purposeful development goals, Finland is fostering international progress with focuses encompassing inclusivity, diversity, sustainability, standardization, regulation, cybersecurity, and education. Finland’s dedication to these principles matches perfectly with the international community’s collective efforts to ensure Metaverse technologies are accessible to all and safeguarded.

The country additionally emphasizes establishing robust regulatory frameworks and standardization. Responsible utilization and development of Metaverse technologies need clear, comprehensive guidelines and rules to craft a framework that enhances innovation and protects against potential risks.

Through these strategic initiatives and guiding principles, Finland positions itself as a Metaverse frontrunner in years to come.

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