Share this article
France Publishes Metaverse Consultation, Seeking Alternative to Dominance by Web Giants
The economic ministry is interested in the virtual worlds' impact on privacy, health and the environment
Updated Apr 11, 2023, 8:46 p.m. Published Apr 11, 2023, 4:34 p.m.
The French Economy Ministry wants to stop dominance by international internet giants in the metaverse, according to a consultation published Tuesday.
The government of Emmanuel Macron is seeking views on policy issues including privacy, health and environmental risks of virtual worlds as it seeks to create what it calls "digital sovereignty" for Europe - a frequent code for having homegrown alternatives to U.S. companies such as Meta Platforms.
STORY CONTINUES BELOW
"The immersive virtual worlds of tomorrow can take many forms," said the consultation which is open until May 2, with virtual and augmented reality, game engines and the blockchain technology that underpins cryptocurrency among them. The goal is to "propose an alternative to the virtual online worlds today put forward by international giants."
During his 2022 election campaign, Macron spoke of the need to build a European metaverse, and officials in the European Union are also set to produce an EU strategy on virtual worlds in May. A European Commission consultation published last week raised the risk of big "gatekeepers" blocking out competition from smaller players, as well as fundamental rights issues such as openness and equality.
Read more: EU Consultation Warns on Risk of Big Players Becoming Metaverse Gatekeepers
Mais para você
O que saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Mais para você
CFTC Gives No-Action Leeway to Polymarket, Gemini, PredictIt, LedgerX Over Data Rules
The CFTC granted the operators of Polymarket, PredictIt, Gemini and LedgerX permission to skip certain recordkeeping requirements.
O que saber:
- The Commodity Futures Trading Commission granted several prediction-market firms certain regulatory leeway in meeting derivatives rules, suggesting they won't get into enforcement trouble if they do business as intended.
- The no-action letters went to Polymarket, PredictIt, Gemini and LedgerX/MIAX.
Top Stories
