WEF unveils Global Collaboration Village to improve public-private cooperation – An initiative to improve the functionality of the metaverse and increase public engagement within it was announced at the World Economic Forum (WEF) on Monday.
The Global Collaboration Village, which was launched in partnership with Accenture and Microsoft, will improve public-private cooperation, a WEF statement said.
The initiative will provide immersive spaces where stakeholders can convene, create and take action on critical global challenges, it added.
“The metaverse will influence the way people, governments, companies and society at large think, work, interact and communicate for the purpose of collectively addressing issues on the global agenda,” said Klaus Schwab, executive chairman of WEF.
“The Global Collaboration Village will be an extension of the World Economic Forum’s public private platforms and in-person meetings and will provide a more open, more sustained and more comprehensive process for coming together,” he added.
Julie Sweet, Chairwoman and CEO of Accenture, said: “While the metaverse is only in its early days, it already holds great promise, not only for redefining how organizations work and interact but also for fostering effective public-private partnerships.”
According to the statement, WEF wants to be a pioneer within the metaverse space and bring together others to co-create within it.