As we all know, Metaverse is a popular concept emerging in recent years, which refers to a "virtual world" based on virtual reality technology, which includes various digital assets, social networks, business transactions and other elements. With the continuous development of the Internet and technology, more and more people are beginning to turn their attention to the Metaverse, believing that it will become an important part of the future digital economy. So why is the Metaverse so hot? How does the government view the Metaverse? Below, let's take a look.
Why is the Metaverse so hot?
1. New business opportunities
The Metaverse contains a variety of digital assets, virtual goods, game props, etc. These assets can be traded in the Metaverse, which provides new possibilities for business opportunities. At present, more and more companies have begun to enter the metaverse market, such as Facebook, Epic Games, Roblox, etc., and they all hope to seize the opportunity in this emerging market.
2. Expansion of social network
Metaverse, as a "virtual world" based on virtual reality technology, liberates people from the real world and provides a brand new social space. In the metaverse, people can choose their own avatar, interact with other players, participate in virtual events, etc., which is a new experience for those who like to socialize.
3. Value preservation of digital assets
With the continuous development of the metaverse market, the digital assets in it are getting more and more attention. Some people began to convert their property into digital assets in the metaverse, hoping to preserve their value in this way. This also provides new impetus for the development of the Metaverse market.
How does the government view the metaverse?
At present, the attitudes of various countries towards the Metaverse are not consistent. Some countries have begun to actively support the development of the Metaverse, believing that it will become an important part of the digital economy. Other countries are cautious, believing that there are many security risks in the metaverse and that supervision needs to be strengthened.
The United States is currently one of the countries most actively supporting the development of the Metaverse. US President Biden once mentioned in an announcement in 2021 that the United States will actively support the development of the metaverse and will strengthen cooperation with industry leaders to ensure the sustainability of digital technology. In addition, some technology giants in the United States such as Facebook, Microsoft, and Google are also actively investing in the Metaverse field.
China has also begun to actively support the development of the Metaverse. In October 2021, the State Administration of Radio and Television of China officially approved a batch of Metaverse games, which marked the beginning of the Metaverse’s official recognition. In addition, China has also strengthened its supervision of Metaverse, and strengthened the management of digital assets and virtual currencies.
Some countries in Europe view the Metaverse more cautiously. The European Commission has said that the Metaverse needs to be more regulated to ensure that the digital assets and virtual currencies in it do not become a tool for illegal activities. In addition, some countries in Europe have also proposed regulatory standards for digital assets to ensure their legality.
Generally speaking, the attitudes of various countries towards the Metaverse are still relatively scattered, but with the continuous development of the Metaverse market, it is believed that the governments of various countries will gradually clarify their attitudes and take corresponding measures.
Having said this, I believe everyone has a certain understanding of why the Metaverse is so popular, and how the government views the Metaverse. In general, Metaverse, as a brand-new digital economic form, will have an important impact on the future economy and society. At present, the development of Metaverse is in a stage of rapid growth, and major technology giants and enterprises are also actively investing in it. But at the same time, there are many problems and challenges in the Metaverse, such as security risks, regulatory issues, and so on. Therefore, we need to maintain a cautious attitude and strengthen supervision and security measures to ensure the healthy development of the Metaverse.