Web3 is an opportunity and a requirement: France’s Macron

Web3 is an opportunity and a requirement: France's Macron


France’s cultural establishments have to develop an NFT coverage and assist Web3 innovation, the French president stated in an interview.

French President Emmanuel Macron, who is looking for to win this 12 months’s election in a second spherical towards far-right chief Marine Le Pen, believes that Web3 and the metaverse provide a enormous opportunity for the promotion of tradition and inventive content material.

Web3 presents a ‘requirement and opportunity’

In an interview with a native media home, Macron highlighted the potential advantages of the digital revolution, together with the place of the metaverse in creating cultural insurance policies.

“The metaverse has a huge potential in culture and leisure thanks to its applications in music, concerts, art exhibitions, etc. We cannot consider our cultural policy without this revolution,” he famous.

France, he added, has a distinctive opportunity to have its lifestyle – language, heritage, monuments, and cities – exist within the metaverse. Putting these within the metaverse will create a “digital historiography” of France’s collective historical past, he stated.

According to him, it’s necessary that France’s fundamental cultural establishments formulate an NFT coverage that may assist promote and defend gamers throughout the area.

Overall, Macron says Web3 “represents a requirement, as well as an opportunity not to be missed.” It’s an opportunity that France and Europe ought to seize in the event that they wish to develop into leaders in the way forward for the online.

On MiCA regulation

The French president’s remarks come a few weeks after the European Parliament voted on the restrictive Markets in Crypto-assets (MiCA) regulation. EU lawmakers adopted the regulation, launched in 2020 and which seeks to cowl crypto belongings not captured beneath present monetary rules, in March.

Commenting on the transfer, Macron famous that whereas France helps innovation, rules are essential as they carry about “uniformity of rules.” This, he famous, would provide Europe the inspiration wanted to “create a unified market.”

“I am in favor of making rapid progress on the MiCA regulation, based on the balanced approach promoted by the Council and inspired by the French framework,” he stated. 

The French chief additionally reiterated his perception that the regulation wouldn’t damage innovation.

“France will pay close attention that the text does not prevent innovation and remains as neutral as possible in terms of technology,” he advised the French media outlet.

According to him, the success of Ledger and Sorare (two of France’s main monetary know-how startups) is a clear sign of that intention.

In different remarks, Macron stated he would wish to see Europe take the lead within the digital period revolution. He would want to see Europe not rely on US and China on this.



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