Macron in favour of Web3 development in Europe
Macron in favour of Web3 development in Europe
World News

Macron in favour of Web3 development in Europe

By Vincenzo Cacioppoli - 4 May 2022

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In a long interview with the online newspaper Big Whale, Macron spoke in very favourable terms about NFTs, Metaverse and Web3 in general.

Macron’s words on Web3

web3 metaverse
Macron is very much in favor of developing everything around the Web3

Emmanuel Macron, newly re-elected president of France, said about the metaverse:

“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 added:

“France has a unique opportunity to have its way of life – language, heritage, monuments, and cities – exist in the metaverse. Putting these in the metaverse will create a ‘digital historiography’ of France’s collective history”.

These are just some of the statements made by Macron to the French online newspaper focused on blockchain and cryptocurrencies “The Big Whale”, which conducted an exclusive interview with him just days after his presidential victory over Marine Le Pen.

In the lengthy interview, the French president, who had already spoken in very favourable terms about blockchain technology in 2019, explained how France has the resources and talents to become a driver of the development in Europe of this new technological revolution.

In the interview, Macron stated that:

“France has the assets and talents for this. In a world where technological evolution precedes economic domination, it is essential to keep our jobs and our independence. But it is also a social and societal challenge: the pace of technological acceleration is already a major centrifugal power in our societies between those who master the codes of digital technology, AI, quantum, blockchain… and all those who are excluded. And they are many of them. We have to make sure that technology remains at the service of society and progress”.

Macron and the focus on technological innovation

Macron has always been a president with a strong focus on new innovations and technology, and in the aftermath of his first election in 2017 he said he would do everything to help French start-ups grow and develop. 

In these five years, as Macron also reiterated during the interview, 26 unicorns have been created compared to 6 in 2017, investment in start-ups has increased fivefold compared to five years ago. Under his presidency, La France Tech was created, a public structure created with the aim of supporting and helping new start-ups to grow.

In the interview, the French president also mentioned the new regulation on digital assets approved in March by the European Parliament under the French presidency, the MiCA. In this regard, he said:

“I also want to mention the recent adoption of the Digital Markets Act under the French Presidency: I believe it is the most important economic regulation text since the beginning of the 20th century. We are reopening the game and allowing new players to emerge by fighting against monopolies. In short, there is still a long way to go but I am very optimistic if we make the appropriate efforts”.

At the same time, he also wanted to make sure that France will be very careful to not introduce any changes in the text that could harm innovation, such as the one aiming to ban the Proof of Work model for cryptocurrencies in Europe, which is considered too energy-intensive. The French President finally said:

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

Vincenzo Cacioppoli

Vincenzo was born in Genova but lived most of his life in Milan. He has a degree in political science. He is a journalist, blogger, writer, and marketing and digital advertising expert. After a long experience in traditional marketing, he started working with the web and digital advertising in 2011, creating a company called Le enfants. Passionate about the web and innovation, in 2018 he started exploring the topics related to blockchain technology and cryptocurrencies. Independent cryptocurrency trader since March 2018, he now collaborates with companies in the sector as a content marketing specialist. In his blog. mediateccando.blogspot.com, he has long been primarily focused on blockchain, which he considers to be the greatest technological innovation after the Internet. His first book about blockchain and fintech is scheduled for release in November.

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