Analysts at the London School of Business and Political Science (LSE) believe that the creation of a pan-European industrial cluster is necessary if the European Union (EU) is to compete in Web4.
An Airbus for the metaverse
Analysts at the London School of Business and Political Science (LSE) have called for the creation of an “Airbus for the metaverse” to enable Europe to become a world leader in Web4. This metaphor refers to the aeronautics company Airbus, which has played a key role in Europe's aeronautics industry and enabled Europe to rival the USA in this field.
A pan-European industrial cluster
To achieve this objective, the analysts recommend the creation of a pan-European industrial cluster that would bring together companies, universities and research institutions to develop cutting-edge technologies in the metaverse and Web4 fields. This cluster could be financed by public and private investment, as well as by partnerships with companies and research institutions.
A key role for France
France has already played a key role in the development of metaverse technology, with companies such as Ubisoft and Gameloft investing in this field. France could play an important role in the creation of a pan-European industrial cluster, in particular with its universities and research institutions.
A challenge for the EU
However, the creation of a pan-European industry cluster also poses challenges, particularly in terms of coordination and funding. Analysts believe that EU governments need to work together to create a favorable environment for the development of metaverse and Web4 technology.
