Potential risks and regulatory countermeasures of the development of pass economy in the meta universe

Abstract

<p>The rise of Metaverse provides a new opportunity for the development of communication economy. Metaverse provides an ideal digital space for the equal participation of pass economic subjects, the economic value of creators, and the realization of rights and obligations by consensus rules. The potential risks associated with the development of the new economic form should be prevented. For example, the price fluctuation of the pass may infringe the rights and interests of creators, consumers and other subjects. The virtual space of the Metaverse may breed behaviors that violate laws and public order and good customs. Metaverse may be controlled by capital to form monopoly, etc. The combination of meta universe and pass economy can be used to regulate “law + technology”, including legal registration/certification + blockchain technology verification, legal procedure + automatic execution of smart contract, governance according to law + Dao autonomy. Specifically, the administrative organ uses blockchain technology to verify digital identity and digital property, review participant identity and activity content, supervise operator monopoly behavior and formulate national standards.</p>