Introducing the Aussie Metaverse: Pioneering New Frontiers for Digital Innovation

New Australian Metaverse Advisory Council To Launch At SXSW Sydney

Introduction

The Australian Metaverse Advisory Council (AMAC) is set to launch this week at SXSW Sydney with the goal of helping Australian industry, government, and consumers effectively harness and navigate the potential of the metaverse. With a recent study showing that 64% of Australian businesses are planning to invest in the metaverse and its expected impact on the economy, AMAC aims to advocate, educate, and advise on matters related to inclusivity, ethics, and practical application. Composed of leading minds and practitioners in the metaverse industry, AMAC will provide expertise, commentary, and analysis on various technologies, including virtual and augmented reality, AI, and blockchain systems. The council’s launch event will take place on October 19, and it aims to demystify the metaverse and make it accessible and beneficial for all stakeholders.

The Implications of the Metaverse

The metaverse represents the next generation of the internet, merging digital and physical realities to offer new avenues for social connection, entertainment, and economic activity. As businesses, organizations, and governments encounter opportunities and challenges in the metaverse, AMAC recognizes the need for an independent advisory group to represent and advocate for Australian interests.

According to a Deloitte report, the metaverse‘s potential impact on the Asia Pacific GDP is estimated to be between US$0.8 trillion – US$1.4 trillion annually by 2035. With such significant economic potential, it is necessary for Australia to establish a collective voice that actively promotes and supports the growth of the metaverse industry.

The Role of AMAC

AMAC’s primary objective is to grow the Australian metaverse industry by articulating its benefits and potential pitfalls, building relationships within the industry, and fostering collaboration with the business, academic, and governmental communities. The council comprises industry leaders from various sectors, including VR and AR studios, academic institutions, technology consulting firms, and creative technology companies.

As the metaverse industry expands and evolves, AMAC intends to be responsive to the needs of the wider industry. The council operates as a focused, not-for-profit group with industry experts volunteering their time to shape the conversation and drive growth for the industry.

Inclusive, Ethical, and Practical Approach

AMAC’s vision includes advocating for inclusivity, ethical considerations, and practical application of metaverse technologies. The council recognizes the importance of addressing these critical areas to ensure the metaverse benefits all stakeholders, including businesses, government entities, and the broader Australian public.

Inclusivity is a key focus for AMAC, aiming to ensure that the metaverse is accessible to people of all backgrounds and abilities. By actively promoting and supporting inclusivity, AMAC seeks to prevent the metaverse from becoming a barrier to participation and exploitation.

Ethical considerations are another paramount concern for AMAC. The council aims to provide guidance and promote responsible practices within the metaverse industry. This includes issues related to data privacy, digital sovereignty, and the potential for social and economic inequalities.

AMAC also emphasizes the practical application of metaverse technologies. The council aims to provide expertise, commentaries, and analysis on various technological aspects, including virtual and augmented reality, AI, and blockchain systems. This practical insight will help guide organizations and individuals in effectively leveraging metaverse technologies for their respective purposes.

Conclusion

The launch of the Australian Metaverse Advisory Council at SXSW Sydney marks a significant milestone in the development of the metaverse industry in Australia. With a clear vision to harness the potential of the metaverse, AMAC aims to advocate, educate, and advise on matters related to inclusivity, ethics, and practical application. The council’s collective voice, comprising industry leaders and experts, will promote growth, build relationships, and foster collaboration within the metaverse industry, as well as with the business, academic, and governmental communities. As the metaverse industry continues to expand and innovate, AMAC will play a crucial role in shaping its future direction and ensuring that it benefits all stakeholders while addressing important considerations such as inclusivity and ethics.