The French Ministry of Tradition will challenge a fund of 150 million euros to advertise French cultural sovereignty in digital environments. Tradition Minister Rima Abdul Malak offered the initiative on July 1.
The ministry would fund tasks that “promote French tradition in immersive environments and guarantee cultural sovereignty” within the improvement of the metaverse. Specifically, the French authorities is specializing in metaverse and web3 tasks.
In October 2021, the nation printed the “France 2030” plan. This system goals to carry out “the long run technological champions of tomorrow” and to help transitions in sectors of excellence. The initiative plans to deploy 54 billion euros.
In 2022, French President Emmanuel Macron stated he noticed France and Europe because the leaders “of the long run generations of the online”. Lately, many tech and web3 startups have arrange in France. In the present day, the nation hosts well-known blockchain and web3 occasions, akin to ETH Paris, NFT conferences and aspect occasions.
Numerous industries in France are displaying rising curiosity in metaverse know-how. Trade stories point out that the metaverse sector within the nation is anticipated to develop by 31.5% yearly. In 2023, the business is anticipated to achieve a complete worth of $6,722.5 billion.
In the present day, French tech startups are creating platforms to assist firms develop and handle their presence within the metaverse. For instance, in October 2022, the Parisian startup METAV.RS raised 3 million euros to construct its metaverse content material administration platform.
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