Meta and the EU officials have different views about what the future of the metaverse would look like, according to a panel discussion featuring representatives from the social media giant, the European Parliament and the European Commission. 

Meta is proposing a single metaverse where the company holds centralized power, while EU representatives support the development of many different metaverses.

“Our economy, our consumers, our customers will benefit if we focus on creating one governance,” Aura Salla, head of EU affairs at Meta said,  “the metaverse is not only for Meta,” and that cooperation with businesses, stakeholders, creators and policymakers is necessary.

Joachim Schwerin, the principal economist in the EC's unit for digital transformation, was not in favor of that approach.  “Whatever we come to, we cannot come to a centralized approach," Schwerin said. "We would kill the complete creativity that we have,” and cited the great innovation is coming from the gaming space.