The World Economic Forum has launched an initiative to define and build the Metaverse, focusing on the convergence of extended reality, AI, and blockchain technologies.

This initiative aims to transform the internet with new use cases that provide economic and social value, such as AI-enhanced learning and blockchain-based asset ownership.

Companies are already creating new experiences using these converging technologies, affecting consumer sectors, enterprise learning, and supply chain management.

A governance track within the initiative seeks to develop digital trust principles, ensuring the future internet is safe, sustainable, and equitable for all stakeholders.