This year's World Economic Forum is developing a metaverse version of the Swiss alpine town of Davos.
The platform, built in collaboration with Microsoft and Accenture, is intended to promote greater public-private cooperation.
The project is the most recent attempt to create a metaverse version of a physical location.
The Global Collaboration Village is being built with Microsoft Mesh, a more immersive version of Microsoft Teams software. The project will bring together more than 80 leading groups, including Meta and the International Monetary Fund.
The WEF invited businesses to set up their own virtual stores to facilitate dialogue on today's major issues. The virtual village is being built in collaboration with Microsoft and IT giant Accenture.
The organizers of the economic summit intend to create a year-round online Davos to boost public-private cooperation. The announcements define the project's goals as global cooperation, interaction, inclusion, and influence.
"With the Global Collaboration Village, we are building the first public purpose-oriented application of metaverse technology. This will create a truly global village in virtual space," stated Klaus Schwab, World Economic Forum Founder & Executive Chairman.
The metaverse will influence how people, governments, businesses, and society as a whole think, work, interact and communicate in order to collectively address global concerns.
The Global Collaboration Village is the latest attempt to reproduce real places in the metaverse. Seoul, South Korea's capital, recently unveiled "Metaverse Seoul," which will feature tax services, youth counseling, and tourist attractions.
Last year, Tuvalu became the first island nation to build a Metaverse version of itself. In the midst of rising sea levels, which could someday flood the entire island, the Polynesian nation aims to preserve its history and culture.
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