Web3 and the metaverse were handed a seat at the table of the World Economic Forum in 2023 as the ecosystem continues to drive innovation across industries.
As Cointelegraph continues to explore, the presence of the cryptocurrency and blockchain ecosystem was mainly found outside the walls of the WEF. Blockchain Hub Davos and GBBC’s Blockchain Central were two central events in town that brought together the wider crypto community that has been somewhat left out of the WEF’s discourse on the sector.
The metaverse is a notable exception to this trend. Although some metaverse applications do not operate on decentralized blockchain systems, key proponents for the space have been involved in high-level workshops within the WEF that look to understand and plan for the future integration of innovative technology.
The WEF agenda featured two workshops directly addressing the metaverse as part of the conference’s ‘Defining and Building the Metaverse’ initiative in 2023.
The first workshop, ‘A New Reality: Building the Metaverse,’ featured Meta’s chief product officer Chris Cox while a second, titled ‘Deployment in the Industrial Metaverse,’ explored how industries can tap into the benefits of the metaverse while avoiding its disruptive potential.
Related: TradFi and DeFi come together — Davos 2023
The World Economic Forum is exploring metaverse experiences within the convention as well. The 2023 conference afforded delegates the ability to experience the Forum in its very own 3D immersive digital sessions called the Global Collaboration Village.
A custom digital avatar allowed WEF delegates to explore Davos in the metaverse and experience tailor-made experiences during the weeklong conference. Decentralized or not, the organization is tapping into the potential of Web3 to offer more to delegates through virtual experiences.
Blockchain-based metaverse platforms were also present in Davos as the wider traditional finance industry, policymakers and delegates looked to continue learning about the promise of metaverse ecosystems and their potential influence.
Playing in The Sandbox
Cointelegraph talked with The Sandbox co-founder Sebastien Borget at an exclusive networking event known as the Swedish Lunch halfway through the week. Every January, the Schatzalp Hotel hosts the gathering, seeing swathes of WEF delegates dine and mingle on the snowy terrace of the picturesque venue located high above Davos.
The Sandbox has emerged as a popular decentralized…
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