Team Members: Anqi Cai, Junru Wei, Jiaxi Lu
In a future where metaspace will be the primary medium for people to communicate, work, trade, and other activities, many companies are launching metaspace projects today. Osimo (2008) also suggests that the most favorable features of Web 2.0 are a high level of trust and a knowledge-intensive environment. This is why both companies and governments need to regulate their platforms.
Today businesses can sell and buy virtual assets in the metaverse using NFTs (non-fungible tokens), which are digital assets that grant the buyer a license to own a virtual good. Due to the enormous demand for high-value NFTs, companies may find investment opportunities in the metaverse.
To ensure a fair market, the metaverse regulates NFTs by traditional business practices to buy and sell NFTs, such as taxation after the sale. Traditional financial regulatory systems such as securities, banking, remittances, and commodities will be improved to apply to metaverse business practices.
Mario, P. (2022, March 18). Trading in the metaverse: What Will It Look like? – FinTech Legal Center. Fintechlegal. https://fintechlegal.center/trading-in-the-metaverse-what-will-it-look-like/