Coin World reported: A consulting firm under LSE released a report that detailed the possible ways for the EU to dominate the emerging 4.0 field. The team suggested that establishing a large European industrial conglomerate similar to Airbus would be the best choice to compete with the US, China, and other global leaders. This will help ensure Europe's leadership position in the global aerospace market and leverage its existing technology and economic potential. In addition, LSE recommends prioritizing skills supply training and supporting the development of cross-border solutions.

PANews reported on November 28 that according to CoinDesk, EU lawmakers want the G27 to take the lead in shaping the metaverse to reduce technology dependence on other countries and support EU businesses. The call is part of the report of the European Parliament's Committee on the Internal Market and Consumer Protection on "Opportunities, risks and policy implications of the virtual world". The report was adopted by the committee on Tuesday by a vote of 31 in favor and 2 against. The commission report notes that so far metaverse projects have been developed by "a small number of companies outside the EU that have the necessary resources and financial capabilities" and calls on the EU to play a leading role. The legislators called for "a level playing field to support European businesses" and the creation of a suitable policy framework that would attract the participation of other countries. The Commission's work follows the European Commission's metaverse plan released in July. The EU's executive body has not proposed any laws covering virtual worlds, but has said that new standards and global governance are needed for the regulation of virtual worlds. The Commission's strategy on Web4 and the metaverse defines virtual worlds as "persistent, immersive environments based on 3D and extended reality (XR) technologies."

Odaily Planet Daily News The European Commission has adopted a new strategy on Web 4.0 and the virtual world to guide the next technological transformation and ensure open, secure, trustworthy, fair and inclusive services for EU citizens, businesses and public administrations The digital environment, Web 4.0 will allow the integration between digital and real objects and environments, and enhance the interaction between humans and machines.

Jinse Finance reported that the European Commission (EC) launched the "web4 and virtual world strategy" on Tuesday. EU Internal Market Commissioner Thierry Breton said: "We will invest in the adoption and deployment of new technologies and provide people with the tools and skills to use the virtual world safely and confidently. EC defines web4 as the integration of artificial intelligence, Internet of Things, blockchain, virtual world and augmented reality EU officials said that in addition to the third generation of Internet web3 currently under development, the next generation of Internet web4 will allow digital and real objects and Integration between environments and enhanced interaction between humans and machines.

According to PANews news on July 6, according to CoinDesk citing a leaked European Commission document, the metaverse needs a new type of global governance to remain open and legal. Legal barriers to new types of digital collaborations such as Decentralized Autonomous Organizations (DAOs). The document claims that the Metaverse brings unprecedented opportunities to social fields such as healthcare, education, and culture. International engagement on topics such as technical standards, identity management, censorship and surveillance is needed to ensure that the next generation internet "becomes an open, safe space that respects EU values and rules". A version of the document will be released next week. Early next year, it will promote a "regulatory sandbox" to test short-term projects under a more relaxed regime, the document said. "The committee will support the establishment of a technical multi-stakeholder governance process to address fundamental issues of the Metaverse and Web4," the document states.

News on July 6, according to a leaked European Commission document, Metaverse needs a new type of global governance to remain open and legal. Legal barriers to new digital collaborations such as DAOs. The document claims that the Metaverse brings unprecedented opportunities to social fields such as healthcare, education, and culture. The document says the committee will support the establishment of a technical multistakeholder governance process to address fundamental issues of the Metaverse and Web4 that fall outside the remit of existing Internet governance bodies. Early next year, it will promote a regulatory sandbox to test short-term projects under a more relaxed regime, the document said.