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Regulating the Metaverse Economy

Regulating the Metaverse Economy PDF Author: Annelieke Mooij
Publisher: Springer Nature
ISBN: 3031464176
Category : Law
Languages : en
Pages : 117

Book Description
This open access book examines regulating an environment that has no jurisdiction, is fully anonymous and infinitely vast? Welcome to the Metaverse, an online virtual reality that is expected to add billions to the global economy. The Metaverse offers a new type of virtual economy with practically endless business opportunities. The question is how to prevent these opportunities from being abused to commit money laundering and finance terrorism (MLFT). This book explores the current European Union legislation designed to prevent MLFT in connection with the Metaverse. It analyses the legislation in relation to the three traditional stages of MLFT: placement, layering and integration. Furthermore, some additional risks specific to the Metaverse are discussed, such as Non-Fungible Tokens (NFTs) and the high level of anonymity. The book concludes that the current legislation is not suitable for facing the new challenges of the Metaverse. In turn, the book puts forward a novel approach to regulating and enforcing MLFT legislation: using a system of smart assets equipped with AI to prevent and detect MLFT. In addition, it makes recommendations on how to improve the legal framework with regard to the new challenges arising from the Metaverse. Particular attention is given to creating a legal framework that incorporates the use of smart assets and the Internet of Things, in order to provide a safe environment for potential users and society. With a solid background in financial law and technology, the author successfully creates a novel system of regulation and enforcement that is based on the use of automatic enforcement, whilst keeping sufficient legal safeguards in place for potential Metaverse users. This book will be of interest to anyone interested in the Metaverse. Whether you want to regulate it or open your own virtual business, it’s a must-read!

Regulating the Metaverse Economy

Regulating the Metaverse Economy PDF Author: Annelieke Mooij
Publisher: Springer Nature
ISBN: 3031464176
Category : Law
Languages : en
Pages : 117

Book Description
This open access book examines regulating an environment that has no jurisdiction, is fully anonymous and infinitely vast? Welcome to the Metaverse, an online virtual reality that is expected to add billions to the global economy. The Metaverse offers a new type of virtual economy with practically endless business opportunities. The question is how to prevent these opportunities from being abused to commit money laundering and finance terrorism (MLFT). This book explores the current European Union legislation designed to prevent MLFT in connection with the Metaverse. It analyses the legislation in relation to the three traditional stages of MLFT: placement, layering and integration. Furthermore, some additional risks specific to the Metaverse are discussed, such as Non-Fungible Tokens (NFTs) and the high level of anonymity. The book concludes that the current legislation is not suitable for facing the new challenges of the Metaverse. In turn, the book puts forward a novel approach to regulating and enforcing MLFT legislation: using a system of smart assets equipped with AI to prevent and detect MLFT. In addition, it makes recommendations on how to improve the legal framework with regard to the new challenges arising from the Metaverse. Particular attention is given to creating a legal framework that incorporates the use of smart assets and the Internet of Things, in order to provide a safe environment for potential users and society. With a solid background in financial law and technology, the author successfully creates a novel system of regulation and enforcement that is based on the use of automatic enforcement, whilst keeping sufficient legal safeguards in place for potential Metaverse users. This book will be of interest to anyone interested in the Metaverse. Whether you want to regulate it or open your own virtual business, it’s a must-read!

Regulating the Metaverse

Regulating the Metaverse PDF Author: Ignas Kalpokas
Publisher: Taylor & Francis
ISBN: 1000859347
Category : Law
Languages : en
Pages : 83

Book Description
The metaverse seems to be on everybody’s lips – and yet, very few people can actually explain what it means or why it is important. This book aims to fill the gap from an interdisciplinary perspective informed by law and media and communications studies. Going beyond the optimism emanating from technology companies and venture capitalists, the authors critically evaluate the antecedents and the building blocks of the metaverse, the design and regulatory challenges that need to be solved, and commercial opportunities that are yet to be fully realised. While the metaverse is poised to open new possibilities and perspectives, it will also be a dangerous place – one ripe with threats ranging from disinformation to intellectual property theft to sexual harassment. Hence, the book offers a useful guide to the legal and political governance issues ahead while also contextualising them within the broader domain of governance and regulation of digital technologies.

Global Perspectives in the Metaverse

Global Perspectives in the Metaverse PDF Author: Hung-Yi Chen
Publisher: Springer Nature
ISBN: 3031548027
Category :
Languages : en
Pages : 274

Book Description


Creator's Economy in Metaverse Platforms: Empowering Stakeholders Through Omnichannel Approach

Creator's Economy in Metaverse Platforms: Empowering Stakeholders Through Omnichannel Approach PDF Author: Singla, Babita
Publisher: IGI Global
ISBN:
Category : Computers
Languages : en
Pages : 306

Book Description
In the era of the metaverse, a big challenge permeates the digital landscape—a challenge that resonates both with creators seeking to thrive in this dynamic space and policymakers attempting to navigate its uncharted territories. Creators, driven by innovation, grapple with a myriad of uncertainties in monetizing their virtual content effectively. Simultaneously, policymakers find themselves at a crossroads, caught between the rapid evolution of the virtual realm and the lack of clear regulatory guidelines. This struggle is exacerbated by the issue of cybersecurity threats that cast a shadow over the metaverse's transformative potential. It is within this context of challenges that Creator's Economy in Metaverse Platforms emerges, poised to tackle the pressing issues at the intersection of creativity, regulation, and the ever-expanding metaverse. Creator's Economy in Metaverse Platforms dissects, analyzes, and offers solutions to the multifaceted challenges prevailing in the metaverse. By addressing fundamental questions about the creator economy, the elusive concept of the metaverse economy, and the indispensable role policymakers play, the book provides a holistic understanding of the landscape. Delving into topics such as stakeholder engagement, digital asset management, and the intricacies of various monetization models, it equips readers with actionable insights. Not content with a reactive approach, the book takes a proactive stance, offering solutions to foster interoperability and create an ecosystem where creators and policymakers can mutually thrive. It envisions not just a book but a catalyst for transformative change in the metaverse.

The Metaverse Economy

The Metaverse Economy PDF Author: Arunkumar Krishnakumar
Publisher: Kogan Page Publishers
ISBN: 1398610577
Category : Business & Economics
Languages : en
Pages : 281

Book Description
The Metaverse Economy equips fintech professionals with an in-depth understanding of the emergent economic models in the Metaverse and across Web3. In this book, fintech and metaverse experts Arun Krishnakumar and Theodora Lau help technology and financial services professionals prepare for the convergence of several technology paradigms: Web3, non-fungible tokens (NFTs), game and finance (GameFi) and the Metaverse. The Metaverse Economy provides an overview of the types of economic models that companies can use to scale business in Web3. Offering balanced insight into the complex world of the Metaverse, the book demystifies the technology and economic paradigms that have triggered the rise of the Metaverse. The book also focuses on the convergence of these economic models into a unified system that competes directly with traditional frameworks. The authors break down the new qualitative and quantitative attributes professionals must consider to capture the opportunities of the market. The Metaverse Economy tackles popular questions many financial services professionals have about market shares, value permanence, the ownership economy and play-to-earn models. Packed with case studies from some of the biggest brands in blockchain, DeFi, NFTs and gaming, the book helps finance professionals understand the risks associated with the Metaverse and prepare for what lies ahead.

From Blockchain to Web3 & Metaverse

From Blockchain to Web3 & Metaverse PDF Author: Huawei Huang
Publisher: Springer Nature
ISBN: 9819936489
Category : Technology & Engineering
Languages : en
Pages : 226

Book Description
The Metaverse seamlessly integrates the real world with the virtual world and allows avatars to engage in a broad range of activities including entertainment, social networking, and trading. In this book, we dive into the Metaverse by discussing how blockchains connect various Metaverse components, digital currencies, and blockchain-empowered applications in the virtual world. On the other hand, Web3 has also attracted considerable attention due to its uniquely decentralized characteristics. The digital economy, currently undergoing a rapid development, is a critical driver to highly efficient societies. It is imperative that we investigate how to use Web3 technologies to address the critical concerns encountered during the development of the digital economy by fully exploring Web3. In this book, we also share insights into the Web3-based ecosystem in the Metaverse; topics of interest include decentralized finance, digital assets, the asset-trading market, etc. Unlike most works on the subject, this book mainly concentrates on insights and discussions regarding blockchain, the Metaverse and Web3. In other words, it focuses on using blockchain technologies to enable an ecosystem for both the Metaverse and Web3. Topics addressed include blockchain fundamentals, smart contracts, value circulation in the Metaverse, the connection between the Metaverse and Web3, the establishment of the Metaverse on the basis of blockchain technologies, decentralized autonomous organization, decentralized storage, digital economy, Web3-based economic systems for the Metaverse, etc. This book will be a valuable resource for students, researchers, engineers, and policymakers working in various areas related to blockchain, the Metaverse and Web3. We hope that it will also inspire readers from academia and industry alike, and ultimately help them create a truly open, fair, and rational ecosystem for the Metaverse and Web3.

Healthcare Services in the Metaverse

Healthcare Services in the Metaverse PDF Author: Saurav Mallik
Publisher: CRC Press
ISBN: 1040021174
Category : Technology & Engineering
Languages : en
Pages : 241

Book Description
This book focuses on game theory approaches utilized on various domains viz., IoT, blockchain and their applications to biomedical and healthcare services. The book bridges the gap between radiologists and Artificial Intelligence (AI)-driven automated systems by investigating various techniques such as game theoretic approach, blockchain technology basically utilized for security, and IoT applied on metaverse. Healthcare Services in the Metaverse: Game Theory, AI, IoT, and Blockchain, identifies the potential areas where game theory and block chain techniques can be harnessed in the metaverse. The book discusses the integration of virtual reality (VR) with augmented reality to identify the new emerging techniques in healthcare to metaverse, where doctors and/or patients can see any kind of operation in the VR metaverse. The authors use game theoretical and blockchain approaches to understand healthcare issues, with the aim of utilizing different technologies of metaverse platform for health informatics. This book is written to help healthcare practitioners and individuals across academia and research, as well as for those who work in biomedical, Internet of Things (IoT), Artificial Intelligence (AI), metaverse, VR, blockchain, and related technologies.

The Business of Metaverse

The Business of Metaverse PDF Author: David Palmer
Publisher: Kogan Page Publishers
ISBN: 139861307X
Category : Business & Economics
Languages : en
Pages : 273

Book Description
The metaverse is so much more than just a technology and immersive experience. Join digital visionary and global platform innovation expert David Palmer on this exciting journey exploring the metaverse and its myriad commercial, impact and career opportunities for business. The Business of Metaverse outlines the building blocks for success in the metaverse and how organizations can effectively position themselves to transition and benefit from it. It presents a unique framework showing how different components of the metaverse and the physical worlds can come together, providing a basis for strategic positioning for different sectors and industries and equipping readers with valuable insights into how they can anticipate and navigate key opportunities and challenges. Delving into this new world with embedded immersive capabilities, it explores what metaverse business entities could look like, the new business models in waiting and how businesses can gain competitive advantage through the power of interoperability. Taking a panoramic approach to opportunity, it examines the wide-ranging transformative impacts that the metaverse can bring to the business landscape, from equality and inclusive impact, new work and career paths and digital identities to new digital and data currencies in the metaverse economy.

Understanding the Metaverse

Understanding the Metaverse PDF Author: Nicola Rosa
Publisher: John Wiley & Sons
ISBN: 111991180X
Category : Business & Economics
Languages : en
Pages : 252

Book Description
An expansive discussion of the mechanics, framework, and implications of the metaverse In Understanding the Metaverse: A Business and Ethical Guide, expert product and customer experience strategist Nick Rosa delivers a timely exploration of what is bound to be one of the most important technologies of our time. The author explains the technology that underpins the metaverse as it exists today and that will form the basis for its rapid evolution in the future. He also describes the commercial, ethical, and sociological implications of this technology, showing you the threats and opportunities that individuals and businesses are likely to encounter as they approach the metaverse for the first time. In the book, you'll discover: How the technology is shaping the human evolution and society How game mechanics and experience design are key to unlock the full potential of the Metaverse unlocking a new frontier for social interaction How Blockchain, digital currencies, and tokenomics are opening a new financial landscape for brands, creators and communities How Artificial intelligence and deep learning will shape the way businesses will conduct commerce in the Metaverse The ethical implications of designing highly emotionally impactful immersive experiences The potential dangers derived by the misuse of biometric and personal data to exploit consumer behaviour and for mass manipulation A thoroughly insightful discussion of a fascinating intersection of technology and humanity, Understanding the Metaverse belongs on the bookshelves of business leaders, technology enthusiasts, marketers, entrepreneurs, and anyone else with an interest in the next frontier of human achievement.

Global Perspectives in the Metaverse

Global Perspectives in the Metaverse PDF Author: Hung-Yi Chen
Publisher: Palgrave Macmillan
ISBN: 9783031548017
Category : Business & Economics
Languages : en
Pages : 0

Book Description
The metaverse is undergoing rapid and transformative changes, yet it has thus far lacked a comprehensive scholarly examination from a global and comparative standpoint. This book addresses this gap by introducing fresh perspectives and frameworks across various domains within the metaverse, including law, economics, and finance. Drawing upon the expertise of an international cohort of scholars and practitioners, this volume illuminates emerging interdisciplinary insights with global relevance, facilitating a comparative analysis of diverse aspects of the metaverse. Timely and essential, this book contributes significantly to the metaverse literature, addressing urgent issues in this evolving landscape.