EU Lawmakers Call to Reduce Tech Dependency on Other Countries With Metaverse Strategy

CoinDeskPolicyPublicado em 2023-11-27Última atualização em 2023-11-28

Resumo

The European Parliament's Committee on Internal Market and Consumer Protection wants the bloc to take the lead on shaping virtual worlds according to EU values.

European Union lawmakers want the 27-nation bloc to take the lead on shaping the metaverse in order to reduce technological dependencies on other countries and support EU businesses.

The call was part of a report by the European Parliament's Committee on Internal Market and Consumer Protection on opportunities, risks and policy implications of virtual worlds. The metaverse is a collection of virtual worlds forming an imagined future internet that is a shared, interactive and potentially immersive digital environment. The committee adopted the report on Tuesday with 31 votes in favor and two against.

The committee's work follows the European Commission's plans for the metaverse published in July. The EU executive body didn't propose any laws to cover the virtual worlds but said supervision of the metaverse needs new standards and global governance. The commission's strategy on Web4 and the metaverse defines virtual worlds as "persistent, immersive environments based on 3D and extended reality (XR) technologies."

The committee report notes that, so far, metaverse projects have been developed by "a few companies based outside the EU, which have the necessary resources and financial capabilities" and calls for the EU to take a leading role instead.

"Europe cannot afford to lag behind in the next digital revolution nor can we repeat past mistakes," said Pablo Arias Echeverría, the rapporteur shepherding the initiative through the parliament. "As we step into Web 4.0 with the development of virtual worlds, we have to lay a foundation, rooted in strong EU digital rules, guiding principles and values. Europe has to lead this transition, placing citizens at the heart of our digital future!”

The lawmakers call for "fostering a level playing field to bolster European businesses" and creating a suitable policy framework engaging other countries.

STORY CONTINUES BELOW

Recommended for you:

"Risks related to mental health, data protection, consumer protection, cyberviolence need to be addressed," a statement on the report said.

Edited by Sheldon Reback.

Leituras Relacionadas

Maple Finance rallies 20% after Kraken partnership – Will SYRUP’s rise continue?

Maple Finance's native token SYRUP surged roughly 20% following a partnership announcement with crypto exchange Kraken to provide on-chain, asset-backed financing. This development, coupled with a broader market recovery, fueled significant trading volume, particularly from U.S. investors. The protocol's fundamentals strengthened, with its Total Value Locked (TVL) increasing by $201 million to around $2.05 billion and Q2 gross revenue reaching $24.16 million. An ongoing token buyback program and rising Open Interest in perpetual markets, alongside a positive but modest Funding Rate, indicate sustained bullish sentiment. The overall outlook remains positive, suggesting potential for further short-term gains for SYRUP.

ambcryptoHá 1h

Maple Finance rallies 20% after Kraken partnership – Will SYRUP’s rise continue?

ambcryptoHá 1h

Ethereum down 45% YTD – So why do SharpLink and whales keep buying?

Despite Ethereum (ETH) being down 20-45% year-to-date amid broader crypto weakness, institutional and whale buying activity suggests growing long-term conviction. SharpLink, after an eight-month pause, purchased 5,000 ETH and later added $45.54 million in LSETH, increasing its total holdings significantly despite substantial unrealized losses. Similarly, a new whale wallet accumulated over 18,000 ETH worth $28.9 million in nine days, indicating strategic positioning for future price movements rather than short-term trading. However, this accumulation contrasts with spot Ethereum ETFs, which saw net outflows of $12.85 million recently, highlighting a divergence between direct treasury/whale buyers and ETF investors. While the persistent buying from these large holders may gradually ease selling pressure, a sustained recovery for Ethereum still depends on a reversal in ETF flows and a broader improvement in network demand and market sentiment.

ambcryptoHá 5h

Ethereum down 45% YTD – So why do SharpLink and whales keep buying?

ambcryptoHá 5h

Just now, DeepSeek V4 updates with DSpark, improving inference speed by 80%

DeepSeek has updated its DeepSeek V4 model with the DSpark speculative decoding framework, achieving a significant 60-85% speedup in generation for Flash models and 57-78% for Pro models while maintaining the same overall throughput. This engineering-focused update, rather than a core architectural change, introduces DSpark to address latency and throughput bottlenecks in high-concurrency production environments. DSpark combines high-throughput parallel generation with adaptive load-aware verification. Its key innovations include a semi-autoregressive generation architecture to model dependencies within token blocks and a hardware-aware confidence-scheduled verification system. This system uses a confidence head to predict token acceptance probabilities, allowing it to dynamically optimize verification length per request and allocate compute only to tokens with the highest expected payoff. The asynchronous scheduler is designed for real-world deployment, ensuring zero-overhead scheduling and continuous CUDA graph replay while preserving the target model's output distribution. In tests across mathematical reasoning, code generation, and daily dialogue, DSpark outperformed state-of-the-art models like Eagle3 and DFlash, increasing average acceptance length by 26.7%-30.9% and 16.3%-18.4% respectively on Qwen3 target models. DeepSeek also open-sourced DeepSpec, a full-stack codebase for training and evaluating speculative decoding draft models, providing a standardized toolkit that includes data preparation tools, model implementations, training code, and evaluation scripts.

marsbitHá 6h

Just now, DeepSeek V4 updates with DSpark, improving inference speed by 80%

marsbitHá 6h

Can Aavenomics 3.0 sustain AAVE’s recovery rally amid Kraken buyout talks?

Aave Labs CEO Stani Kulechov has dismissed reports of a potential stake sale to Kraken, clarifying that Aave would not sell at a significant discount. He highlighted Aave's substantial annualized revenue and its focus on a broad financial market. Kulechov also announced plans for Aavenomics 3.0, featuring a new automated buyback mechanism. Following these updates, the AAVE token price surged 12%, extending its June recovery rally to over 50% from its recent lows. The rally is partly attributed to reduced selling pressure and positive sentiment from the announced tokenomics plan, despite the token remaining significantly below its all-time high.

ambcryptoHá 7h

Can Aavenomics 3.0 sustain AAVE’s recovery rally amid Kraken buyout talks?

ambcryptoHá 7h

BIT Research: The 2028 Halving Is Not the End, the Real Shake-Up of the Bitcoin Mining Industry Is Just Beginning

The Bitcoin mining industry is undergoing its most complex structural adjustment since inception. Despite Bitcoin's price holding near $61,000 and the network hash rate approaching a record 1 ZH/s, miner profitability is deteriorating. The industry is operating close to its breakeven point, with the 2028 halving expected to accelerate consolidation. The challenges extend beyond the halving's subsidy reduction; the industry's revenue model has yet to successfully transition towards a fee-driven structure. Increasingly, mining companies are evolving from simple Bitcoin producers into infrastructure and energy operators, including providers of AI/HPC computing power. Competition is shifting from pure hash rate expansion to business model upgrades. Economic pressure is evident. The theoretical daily mining revenue at current prices is around $78 million, yet the actual figure is only about $33 million—a 136% gap. Transaction fees remain low at roughly $220k daily, far below historical implied levels. With a current estimated industry-wide breakeven price near $65,000, mining alone is struggling to generate ideal profits. The 2028 halving is projected to push the fundamental production cost floor to approximately $93,289. This will likely accelerate a shift towards consolidation among larger, well-capitalized miners with diversified revenue streams. Competitive advantage will belong to institutionalized players with access to low-cost energy, AI/HPC hosting operations, and stronger balance sheets. In essence, Bitcoin mining is transitioning from a "mining business" to an "infrastructure business." Future profitability and resilience will depend less on block rewards and more on diversified income sources like energy management and computational infrastructure services. For investors, the key question is not the halving itself, but which miners can successfully navigate this business model transformation.

marsbitHá 7h

BIT Research: The 2028 Halving Is Not the End, the Real Shake-Up of the Bitcoin Mining Industry Is Just Beginning