Finland aims to establish itself as an international frontrunner in the innovative metaverse by 2035, according to a newly released document. The country is poised to earn €30 billion a year from this growing sector by this year. .
The strategy, “Metaverse Initiative with the Finnish Ecosystem: Turning virtual potential into real-world impact,'' will focus on leveraging Finnish technologies, including leveraging key metaverse technologies such as AI, fintech, software applications, and games. It is said that having a knowledgeable attitude will help establish the country's position. As the world's first member state of the European Union.
Finland sees the business potential of the Metaverse to foster growth, innovation and new revenue streams across sectors such as gaming, advertising and e-commerce, driving economic growth and employment opportunities. This ecosystem creates monetization and marketing opportunities by cleverly blurring the lines between tangible and virtual experiences.
As a result, the company is working hard to position the Metaverse ecosystem ahead of Japan, China, the United Kingdom, and the United Arab Emirates. Given that only the UAE is tasked with creating; 40,000 virtual jobs with a metaverse strategy, this is no easy task.
An inclusive and sustainable metaverse ecosystem
Similar to the United Nations Purposeful Development Goals, Finland promotes international progress including inclusion, diversity, sustainability, standardization, regulation, cybersecurity and education. Finland's commitment to these principles is fully consistent with the international community's collective efforts to ensure that Metaverse technologies are accessible and protected for all.
The country also places great emphasis on establishing a strong regulatory framework and standardization. Responsible use and development of metaverse technologies requires clear and comprehensive guidelines and rules to create a framework that strengthens innovation and protects against potential risks.
Through these strategic initiatives and guiding principles, Finland will position itself as a front-runner in the Metaverse for years to come.
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