The UK Government announced its general ambition to maximise the potential of Metaverse/Web3 in the Spring Statement:
‘The government has committed to lead on the regulation of AI and on the future of web technology, sometimes known as Web3 or the Metaverse. The government will work to maximise the potential of Web3 and spur UK growth and innovation, alongside empowering individuals to influence how their data is used, and managing downside risks to privacy, security and harms’.
We will continue to monitor developments on this closely. For more information, please contact Jessica Birch at [email protected].
