Extended reality technology, including augmented reality and virtual reality, will generate over 860,000 jobs in Europe alone by 2025, according to the EU_Commission.
“Contrary to these countries, in the EU there are no tech giants to lead the investment in the development of virtual worlds over the next decade.”
The Commission noted that virtual worlds, enabled by these XR devices, are one of the technologies enabling the “next generation” of the world wide web — Web 4.0 — where physical and digital objects come together in virtual environments in real-time.
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