France is Poised to Lead the Metaverse Market
Author: Alexander TaylorIn the country, there is a general acknowledgment of the potential of the metaverse sector, however the current adoption rate is still low. This is changing though, with large, influential companies such as LVMH taking a footing in the space, providing an indication of the growing popularity of the technology. This is being further driven by the increasing number of investments that metaverse-focused startups in France are receiving. Recently, METAV.RS, based in Paris, raised €3 million in October 2021.
The immense potential of the metaverse market in France places the country in a prime position to lead the way in world-class virtual experiences. It is highly likely that France's robust metraworlds culture and its thriving ecosystem for start-ups will become a major part of the metaverse’s future development. Businesses in the industry should continue to keep a close eye on France in the near future and prepare to leverage the many simulated opportunities available in the country.