EU Eyes Blockchain and Crypto for Metaverse Development

The EU is now focusing on the metaverse sector after partially covering the lack of regulation in the crypto field with MiCA. Although not as popular as it was at the end of 2021, the metaverse narrative is still in demand. Most importantly, most of the big projects in this field are connected with blockchain and crypto. EU and Metaverse The EU administration, which says that virtual worlds could be worth 800 billion euros ($880 billion) globally by 2030, will likely try to keep Europe competitive, presumably based on blockchain and cryptocurrency. An official from the Commission mentioned the following regarding a new virtual worlds partnership to be established under the Horizon Europe, the Commission’s science funding program; “You might think that an amount of around 200 million euros could be used.” The EU may also make investments in this field through regional funds. Political interest is high. In March, […] The post EU Eyes Blockchain and Crypto for Metaverse Development appeared first on COINTURK NEWS.