LSE Consulting Proposes 'Airbus for the Metaverse' to Boost European Web4 Competitiveness

LSE Consulting, a division of the London School of Economics and Political Science (LSE), recently proposed the establishment of a pan-European industrial cluster akin to Airbus, aimed at bolstering Europe's competitiveness in the burgeoning Web4 sector. Drawing parallels with Airbus, the renowned multinational aerospace corporation formed through a merger of French, German, and Spanish companies, LSE Consulting advocates for a collaborative approach to fostering innovation and growth in the metaverse domain. By leveraging Europe's technological prowess and economic potential, such an initiative could position the EU as a formidable player alongside global leaders like the United States and China. The proposed immersive industrial cluster aims to cultivate specialised expertise in internet engineering across European nations, with a focus on enhancing education and training programs to attract talent and drive innovation. LSE Consulting's recommendations include the formation of an international conglomerate modelled after Airbus to spearhead European innovation in the metaverse, prioritising skills development to ensure workforce readiness, and advocating for government support in tackling emerging challenges and setting industry standards.