Monday, January 30, 2023
Dapps Club
  • Home
  • Cryptocurrency
  • Bitcoin
  • Ethereum
  • Blockchain Guide
  • Litecoin
  • Metaverse
  • Market And Analysis
  • Regulation
  • Top Exchanges
No Result
View All Result
DAPSS CLUB
No Result
View All Result
Home Metaverse

The EU Commission wants to regulate the Metaverse

Karel Kašpar by Karel Kašpar
September 19, 2022
in Metaverse
0
The EU Commission wants to regulate the Metaverse
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Dubai International Financial Centre launches metaverse platform – Arab News

Industrial Metaverse Opportunity Analysis Report, Q4 2022

South Korea Metaverse Market Trends Analysis, Market Size and Forecasts 2022-2028 – ResearchAndMarkets.com | Business

The EU Commission wants to regulate the Metaverse

Image: Meta

Der Artikel kann nur mit aktiviertem JavaScript dargestellt werden. Bitte aktiviere JavaScript in deinem Browser und lade die Seite neu.

The EU Commission wants to ensure a safe and fair metaverse. Concrete legislative proposals will follow in 2023.

Last week, EU Commission President Ursula von der Leyen presented the priorities for 2023. The letter of intent also announced an “initiative on virtual worlds, such as the metaverse.”

EU Internal Market Commissioner Thierry Breton got a bit more specific in a blog post titled: “People, technologies and infrastructure – Europe’s plan to thrive in the metaverse.”

In it, Breton points out that the EU Commission is not done regulating digital markets and, after passing the Digital Markets Act (DMA) and Digital Services Act (DSA), plans to target the metaverse next.

EU Commission: for security, against monopolies

“We have also learned a lesson from this work: We will not witness a new Wild West or new private monopolies,” Breton writes.

The metaverse creates new public spaces ideally designed according to European values and in which people feel as safe as they do in reality.

“Private metaverses should develop based on interoperable standards and no single private player should hold the key to the public square or set it terms and conditions,” Breton adds. For them to flourish, he said, they must adhere to interoperability standards and be competitive. “Innovators and technologies should be allowed to thrive unhindered.”

Tech firms to help fund EU networks

In the second section, which deals with technology measures, Breton hints at financial support for European companies and introduces a VR and AR industry coalition involving over 40 EU organizations.

logo

Last but not least, Breton touches on the metaverse infrastructure. The outlined plan is to support the expansion of European networks through a metaverse tax paid by digital world providers.

“The current economic climate sees stagnating rewards for investment and decreesing deployment costsfor pure connectivity infrastructure,” Breton said. “In Europe, all market players benefiting from the digital transformation should make a fair and proportionate contribution to public goods, services and infrastructure that benefits all Europeans.”

Calls for metaverse regulation too early?

The goals and intentions sound sensible. The question will be how to implement them in concrete terms. Forcing companies into an overly tight legal corset could inhibit innovation rather than encourage it.

One example is interoperability standards, on which there is currently no consensus. The industry has only just begun to negotiate standards. This work will take years and it is unsure whether it will be productive. Whether and how the EU Commission can meaningfully contribute to this process is unclear.

The metaverse is in its infancy. Putting a stop to investors and innovators like Meta now could hinder or delay the development of the metaverse.

Note: Links to online stores in articles can be so-called affiliate links. If you buy through this link, MIXED receives a commission from the provider. For you the price does not change.



Source link

Tags: CommissionMetaverseregulate
Share30Tweet19
Karel Kašpar

Karel Kašpar

Recommended For You

Dubai International Financial Centre launches metaverse platform – Arab News

by Karel Kašpar
January 30, 2023
0
Dubai International Financial Centre launches metaverse platform – Arab News

Dubai International Financial Centre launches metaverse platform  Arab News Source link

Read more

Industrial Metaverse Opportunity Analysis Report, Q4 2022

by Karel Kašpar
January 30, 2023
0
Industrial Metaverse Opportunity Analysis Report, Q4 2022

Company LogoDublin, Jan. 30, 2023 (GLOBE NEWSWIRE) -- The "Industrial Metaverse Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.The central concept of the Metaverse is straightforward but...

Read more

South Korea Metaverse Market Trends Analysis, Market Size and Forecasts 2022-2028 – ResearchAndMarkets.com | Business

by Karel Kašpar
January 30, 2023
0
South Korea Metaverse Market Trends Analysis, Market Size and Forecasts 2022-2028 – ResearchAndMarkets.com | Business

Country United States of AmericaUS Virgin IslandsUnited States Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth of theCuba, Republic ofDominican RepublicHaiti, Republic ofJamaicaAfghanistanAlbania, People's Socialist Republic ofAlgeria, People's Democratic...

Read more

Art in the Age of the Metaverse – Announcements

by Karel Kašpar
January 30, 2023
0
Art in the Age of the Metaverse – Announcements

Art in the Age of the MetaverseFirst speakers announcedMarch 10–12, 2023 De Balie Kleine-Gartmanplantsoen 10 1017 RR AmsterdamNetherlands Art in the Age of the Metaverse is a conference that...

Read more

Plan now for the internet’s transformation by the metaverse and Web3

by Karel Kašpar
January 30, 2023
0
Plan now for the internet’s transformation by the metaverse and Web3

Check out all the on-demand sessions from the Intelligent Security Summit here. Today, the internet is a disparate collection of sites, apps and platforms. Because they are separate...

Read more
Next Post
Algorand (ALGO) and Litecoin (LTC) Investors Turn To The Hideaways (HDWY)

Algorand (ALGO) and Litecoin (LTC) Investors Turn To The Hideaways (HDWY)

Related News

Former Meta execs raise $300M to ‘accelerate adoption’ of Sui blockchain By Cointelegraph

Cryptocurrency Can Fail World Economic Forum’s ‘Great Reset’ By CoinEdition

January 23, 2023
What is the future for cryptocurrency mixers?

What is the future for cryptocurrency mixers?

October 16, 2022
Bitcoin price prediction for December 31, 2022

Bitcoin price prediction for December 31, 2022

November 5, 2022

Browse by Category

  • Altcoin
  • Artificial Intelligence
  • Bitcoin
  • Blockchain Guide
  • Business
  • Cryptocurrency
  • Ethereum
  • Featured
  • Litecoin
  • Market And Analysis
  • Metaverse
  • News
  • Regulation
  • Top Exchanges

Recent News

Meta Masters Guild Blasts Past $2.1 Million Raised in Presale – Just 5 Days Remain in Stage 4

Meta Masters Guild Blasts Past $2.1 Million Raised in Presale – Just 5 Days Remain in Stage 4

January 30, 2023
Secretary of State’s Office warns of cryptocurrency, romance scams among common security threats of 2022 | News

Secretary of State’s Office warns of cryptocurrency, romance scams among common security threats of 2022 | News

January 30, 2023
Macro Guru Raoul Pal Unveils 2023 Bitcoin and Ethereum Forecast, Says Positive Year Ahead

Macro Guru Raoul Pal Unveils 2023 Bitcoin and Ethereum Forecast, Says Positive Year Ahead

January 30, 2023

Categories

  • Altcoin
  • Artificial Intelligence
  • Bitcoin
  • Blockchain Guide
  • Business
  • Cryptocurrency
  • Ethereum
  • Featured
  • Litecoin
  • Market And Analysis
  • Metaverse
  • News
  • Regulation
  • Top Exchanges

Follow Us

Browse By Tags

Altcoin Altcoins analysis Analyst Big Binance Bitcoin Blockchain BTC Buy Cardano Coin Coinbase crypto Cryptocurrency Digital dogecoin ETH Ethereum Exchange Exchanges Eyes FTX Global GUIDE Heres Inu Investors Latest Litecoin LTC MARKET Metaverse News Prediction Price Regulation Risk Shiba Solana Today Token Top Trading week

© 2021 DAPPS CLUB

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Ethereum
  • Blockchain Guide
  • Litecoin
  • Metaverse
  • Market And Analysis
  • Regulation
  • Top Exchanges

© 2021 DAPPS CLUB

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?