Ireland in danger of losing out on potential of Metaverse

Digital Business Ireland (DBI) — ‘Ireland's Dedicated eBusiness Representative Body’ — has called on Government to “introduce a comprehensive national strategy for the Metaverse, or risk losing out on economic growth possibilities associated with the initiative”.

Eirmersive director Camille Donegan added her voice to the call saying, “The Metaverse strategy for Finland defines the metaverse as ‘the convergence of the physical and digital worlds in the next revolutionary stage of the internet, social networks and emerging technologies’. Our latest data finds that the Irish Immersive sector comprises organisations generating €90 million annually. This figure represents an increase from €43 million recorded in 2022, signalling a significant increase in activity… Building upon a great exemplar from Finland, a Metaverse Strategy for Ireland is essential to position ourselves as a global leader in this space. We firmly believe that the integration of immersive technology is not just an opportunity but a necessity for the future of business growth and transformation in our country.”

Read the full article on TechCentral.ie.